General Motors retail sales increased 23 percent in July

July was a good month for General Motors Co., with retail sales up 16 percent compared to July last year. 

The company sold over 234,000 vehicles in the country last month. According to Kurt McNeil, vice president, U.S. sales operations: 

“For GM, July was the most well-balanced month of the year from a retail sales standpoint: trucks were hot, but so were small cars and family vehicles.Our experience shows that the difference between good sales and great sales in a slow-growth economy is how many new products you have to offer, and we are starting to hit our sweet spot.”

Compared to July sales last year:

• GM passenger car sales increased by 24 percent, with mini-small and compact car sales increasing by 42 percent.
• Chevrolet sales went up by 31 percent, with a record month for the compact car, the Spark and record July sales for the Cruze.
• Sales for Cadillac increased by 34 percent thanks to its new ATS and XTS models.
• Sales for Pickups and SUVs went up by 16 percent and sales for full-size pickups went up by 44 percent, representing the best month of July in over 5 years.
• A quarter of full-size pickup sales were all-new 2014 crew cabs.
• Crossover sales increased by 6 percent, with Chevrolet Traverse sales up by 33 percent, and  the Buick Enclave rising by 14 percent.
• Buick retail sales have been increasing for 15 months now and all four brands (Chevrolet, GMC, Buick, and Cadillac) have posted double-digit retail sales increases.

GM’s compact car is a growing source of revenue for the company

July 2013 Sales for GM

Month	Total Sales	YOY Change	Retail Sales	YOY Change
Chevrolet	162,670	17.1%	124,750	25.1%
GMC	39,356	14.1%	33,988	23.3%
Buick	16,393	13.9%	15,662	9.7%
Cadillac	15,652	16.7%	14,719	22.7%
Total GM	234,071	16.3%	189,119	23.2%
CYTD	Total Sales	YOY Change	Retail Sales	YOY Change
Chevrolet	1,177,804	7.0%	813,380	10.1%
GMC	260,052	10.4%	223,307	14.9%
Buick	117,230	12.1%	105,827	14.1%
Cadillac	99,331	30.3%	90,785	26.0%
Total GM	1,654,417	9.1%	1,233,299	12.4%
Fleet Segment	Month	YOY Change	CYTD	CYTD Change
Fleet Share of Total GM Sales	19.2%	(4.5) points	25.5%	(2.2) points
Inventory	Units at Month-end	Days Supply (selling day adjusted)	Units at Previous Month-end	Days Supply (selling day adjusted)
All Vehicles	638,517	68	708,229	70
Full-size Pickups (GMT-900)	140,035	68	181,222	86

 

Industry Sales	Month (est.)	CYTD (est.)	GM Full-year Outlook
Light Vehicle SAAR	15.7 million range	15.4 million range	15.0 – 15.5 million

 

About General Motors Co.

GM produces vehicles in 30 countries around the world and is one of the world’s fastest growing automotive companies. GM sells cars under following brands:

• Chevrolet
• Cadillac
• Baojun
• Buick
• GMC
• Holden
• Isuzu
• Jiefang
• Opel
• Vauxhall
• Wuling

The promising retail sales for General Motors highlight how the American car industry is recovering.