Boston, MA 11/04/2013 (wallstreetpr) – Automobile giant General Motors Co. (NYSE:GM) has reported a 16 percent increase in retail sales of its vehicles in the US in October. The company’s fleet sales in the US in October also grew 14 percent, according to an official press release on November 1.
According to Kurt McNeil, GM’s vice president of US sales operations, demand picked up after the government shutdown fiasco ended and Buick-GMC, Chevrolet and Cadillac, all sold well during the month. Saying that Chevrolet and Buick-GMC were offering the best and the latest light duty trucks, McNeil expressed satisfaction with the company’s truck sales. He said the company was getting ready to implement the second, third and fourth phases of their strategic plan for trucks.
Buick’s total sales grew 31 percent while retail sales were up 25 percent in October to post 18 consecutive months of year-on-year growth. Sales of Regal grew 47 percent during the month.
Sales of Cadillac too were up 10 percent to post year-on-year growth for the 13th consecutive month. This was mainly due to the entirely new ATS and XTS models. Moreover, with retail sales of SRX growing 12 percent, the model is set to notch up its best ever year.
With the Terrain posting its best ever October sales, GMC grew by 16 percent. With 13 nameplates including all crossovers and SUVs posting double-digit growth, Chevrolet sales shot up 15 percent. Chevrolet passenger car retail sales did even better posting 32 percent growth. While retail sales of Impala nearly doubled, Malibu sales were up 58 percent and Cruze recorded its all-time best October sales.
Chevrolet Silverado and GMC Sierra deliveries grew respectively by 10 and 13 percent. Compared to September, 2013, sales of Sierra and Silverado, the new 2014 light duty trucks, shot up 62 percent in October and these two models accounted for 76 percent of the deliveries of GM’s light duty trucks. This was as per plans, the company said.
