General Motors (GM) Sept Sales Down 6.8%
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Price: $86.12 +2.82%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +0.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +0.3%
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General Motors (NYSE: GM) said dealers in the United States sold 338,380 new cars and trucks in September, down 6.8% compared with a year ago on a sales day-adjusted basis.
Retail truck sales, led by full-size pickups and utilities, were up 2 percent. Retail car sales were down 12 percent, partly due to inventory constraints of Chevrolet Aveo, Cobalt and Malibu. Retail sales of 246,797 vehicles were down 3 percent on a sales day-adjusted basis.
Total car sales for September were down 10% from September of last year; total truck sales were down 4.5%.
Total Buick sales were down 11.1%, Cadillac was up 17.8%, Chevrolet was down 10.6%, GMC was up 1.1%, Hummer was up 11.6%, Isuzu was up 16.6%, Pontiac was down 13.6%, Saab was up 48.8% and Saturn was up 4.4%.
Retail truck sales, led by full-size pickups and utilities, were up 2 percent. Retail car sales were down 12 percent, partly due to inventory constraints of Chevrolet Aveo, Cobalt and Malibu. Retail sales of 246,797 vehicles were down 3 percent on a sales day-adjusted basis.
Total car sales for September were down 10% from September of last year; total truck sales were down 4.5%.
Total Buick sales were down 11.1%, Cadillac was up 17.8%, Chevrolet was down 10.6%, GMC was up 1.1%, Hummer was up 11.6%, Isuzu was up 16.6%, Pontiac was down 13.6%, Saab was up 48.8% and Saturn was up 4.4%.
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