GM Reports Car Sales Down, Truck Sales Up, Water Wet

General Motors reported mixed sales results for the fourth quarter of 2018. Down 2.7 percent compared with the same period the year before. But not all of the news was bad.

For a start, that was better than performance at Ford. The Blue Oval saw sales drop 8.8 percent in December and 3.5 percent for the year. Across the city, though, Fiat Chrysler saw sales rise 14 percent for December and nine for the year.

So for the entire year, that puts GM sales down 1.6 percent for 2018. 2.95 million cars and light trucks. That decline was largely from the car sector, though. Car sales were down 24 percent, the report says, as buyers moved to trucks and crossovers. That side of GM’s business saw sales up 2.4 percent on the year. That includes topping 1 million crossovers in a year, up seven percent from 2017. High-profit old-school SUVs, like the Suburban, Yukon, and Escalade saw a sales decline.

Sales of the Silverado were down slightly in December, likely due to filtering in the all-new 2019 model. Total pickup sales were up for the year, with the combined Sierra, Canyon, Colorado and Silverado sales hitting 973,463.

“We are very bullish on pickups heading into 2019,” Kurt McNeil, GM’s U.S. vice president for sales operations told Reuters. “We feel confident heading into 2019 because we have more major truck and crossover launches coming during the year, and the U.S. economy is strong.”

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