Sales increase led by Buick, Cadillac.
February 1, 2013
By: Nick Saporito
General Motors announced a 15.9-percent sales increase in January sales, slightly missing analyst's expectations of just over 16-percent. Each of GM's four brands registered double-digit sales gains for the month, with Buick and Cadillac posting the largest gains. GM also states that retail sales were up 24-percent, while fleet sales were down two percent.
“The year is off to a very good start for General Motors,” said Kurt McNeil, vice president of U.S. sales operations. “There’s a sense of optimism among our dealers that only comes when you pair a growing economy with great new products. We started to see the benefits in 2012 with vehicles like the Chevrolet Sonic, Cadillac ATS and Buick Verano. Now in 2013, we’re entering the sweet spot of our product plan in a growing economy.”
GM anticipates sales increases continuing throughout 2013 as the company enters a "sweet spot" in it's product roll-out.