Sales numbers come in slightly under estimates of 5.5%.
December 3, 2012
By: Nick Saporito
This morning General Motors announced their highest November sales number since 2007, spurred by a 3.3-percent increase over last year. Each of GM's four brands saw sales gains last month except for Chevrolet, which was off by 40 units over the previous year.
Buick saw a 22-percent sales gain in November, selling 13,289 units total. The brand's sales increase is owed to the Verano and Enclave. Enclave's gains are likely the result of availability of the redesigned 2013 model, and steeper discounts on the outgoing 2012 model.
Cadillac saw the largest sales gain of all four brands thanks to a sizable increase from the SRX and over 2,000 units of the ATS, which is still ramping up production.
Chevrolet was flat in November, though the brand's highest volume products did see sales gains. Equinox, Cruze and Sonic all saw respectable gains. Malibu sales were off just under 1-percent, continuing to validate the opinion that the all-new Malibu is not taking off in the market.
GMC's sales increase was credited almost entirely to the Terrain, which saw a 44-percent increase last month.