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GM (GM) Trades Higher as January U.S. Sales Results Come in Strong

February 1, 2013 1:16 PM EST Send to a Friend
General Motors Co. (NYSE: GM) announced today that it sold 194,699 vehicles in the United States in January, up 16 percent compared with a year ago. Retail sales were up 24 percent. Fleet sales were down 2 percent.

The consensus called for a 13 percent gain in sales.

Over the course of 2013, Chevrolet will launch the all-new Impala, SS, Silverado and Corvette, as well as the Cruze diesel and Spark EV. Buick is launching the Encore small crossover, followed by redesigns of the Regal and LaCrosse. GMC will launch an all-new Sierra. Cadillac will launch an all-new CTS.

January Highlights
* Total Cadillac sales were up 47 percent, the brand had its highest January retail sales in 23 years and the ATS was named 2013 North American Car of the Year.

* Year-over-year sales were up 32 percent at Buick, 23 percent at GMC and 11 percent at Chevrolet.

* Car sales were up 12 percent compared with a year ago. Truck sales were up 13 percent and crossover sales were up 27 percent.

* Sales of GM’s full-size pickups were up 32 percent to 50,230 units and inventories are inline with the company’s sales and production plans for 2013.

* Buick’s best-selling vehicles in January were the redesigned Enclave crossover, up 57 percent, and the all-new Verano.

* Combined sales of Chevrolet’s mini, small and compact cars surpassed 25,000 units and were up 18 percent.

* Chevrolet Malibu sales have increased each month since November, and were up 8 percent year over year in both total and retail sales.




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