SOURCE: General Motors - Global
GM's U.S. Sales up 5 percent in December
General Motors Co.'s (NYSE: GM) U.S. dealers delivered the company's highest December sales in five years, with deliveries up 5 percent year over year to 245,733 vehicles.
December was also GM's best retail sales month of 2012. Retail volume was up 38 percent from November – about double the industry's estimated increase. Incentive spending was competitive with industry-wide levels, according to J.D. Power PIN estimates, and remains below many Asian and domestic competitors.
Total GM passenger car sales increased 14 percent compared with a year ago. Crossover sales were up 2 percent and sales of trucks, which include pickups, vans and SUVs, were equal to a year ago.
Compared with November, total car sales increased 18 percent, truck sales increased 52 percent and crossover sales increased 22 percent.
Combined mini, small and compact car sales were up 52 percent year over year driven by continued strong Buick Verano, Chevrolet Spark and Sonic sales; a 27 percent increase for the Chevrolet Cruze; and a 72 percent increase for the Chevrolet Volt.
Cadillac posted a double-digit year-over-year sales increase for the third consecutive month.
Cadillac passenger car sales increased 64 percent year over year as the all-new ATS and XTS continue to establish themselves in the luxury market.
Year-over-year sales of the Chevrolet Silverado increased 6 percent and sales of the GMC Sierra were up 13 percent. GM pickup sales were the highest since September 2008.