General Motors Global Sales Rise 2% Globally

Automotive

Published on October 19th, 2014 | by Daniel Sherman Fernandez

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General Motors Global Sales Rise 2% Globally

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General Motors’ (GM) global sales rose 2% in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States. GM said it sold 2,449,595 cars and trucks, up from 2,396,864 in the same period last year. That marked GM’s best third-quarter sales since 1980.

Through the first nine months, GM sold 7,371,743 vehicles, up 2% from 7,250,764 last year. Germany’s Volkswagen AG previously said it had sold 7.4 million vehicles through the first nine months, an increase of 5.3%. Those results did not include the company’s MAN and Scania brands. Japan’s Toyota Motor Corp will report third-quarter sales on Nov. 5.

GM said third-quarter sales rose 8% in the United States and were up 9.5% in North America to 884,435 vehicles. In China, its sales were up 14% to 849,848 vehicles. Those results helped offset declines in South America (20%), Europe (17%) and its international operations in Asia excluding China (6%). GM’s Chevrolet brand saw sales decline 4.7% in the third quarter, while its Buick, Cadillac and Opel brands saw demand rise 7%, 4% and 1.4%, respectively.

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