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GM's global sales rise 2% to 2.42 million in Q1

2K views 9 replies 6 participants last post by  SierraGS 
#1 · (Edited)



DETROIT (Bloomberg) -- General Motors Co. said global vehicle sales rose 2 percent to 2.42 million during the first quarter. Increasing deliveries in China helped make up for declines in the United States and Brazil.

GM sold 2,416,028 cars and trucks in the first three months of the year, the company said today in a statement. That compares with 2.36 million during the same period a year ago, Jim Cain, a GM spokesman, said in an e-mail.

“We are very encouraged by our results in China, where we outperformed the industry, and in Europe, where Opel’s sales and the economic outlook are improving at the same time,” President Dan Ammann said in the statement.

GM, the world’s biggest car company by vehicle sales in 2011, slipped to third last year behind Toyota Motor Corp. and Volkswagen AG.

VW’s first-quarter global deliveries rose 6 percent to 2.4 million compared to a year ago, the automaker said on April 11. Those figures don’t include two truck units. In January, VW issued a tally for its 2013 results that included sales from the MAN SE and Scania AB heavy-truck units to edge out GM as the second-largest automaker by sales with 9.73 million deliveries last year. GM sold 9.71 million vehicles in 2013.

GM said first-quarter sales fell in the U.S. by 2 percent to 649,637 vehicles and in Brazil by 3 percent to 136,912 in Brazil. China sales rose 13 percent to 919,114, the company said, reiterating results released April 4. Deliveries in Europe rose 1 percent to 337,545. In South America, they fell 10 percent.
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#2 ·
"GM, the world’s biggest car company by vehicle sales in 2011, slipped to third last year behind Toyota Motor Corp. and Volkswagen AG."

Because GM includes pickups as cars, not LCVs - on OICA (of which GM is a member) figures for "Cars", GM is even below Hyundai.

But hell, this is a media story about statistics - never let the truth get in the way of a good story - there's lies, damn lies and statistics.

In reality, this is good news and may help GM climb back to the top where it clearly feels it belongs.
 
#3 · (Edited)
You and this car thing. GM builds trucks too. Many Americans, the second largest market, love trucks and SUVs, thus the factt hat they often chose those over cars. Ironically you bring this up often, missing the point where even VW includes MAN SE and Scania AB heavy-truck units in it's tally
 
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#10 ·
Global Sales for companies like GM, Toyota and VW will always be about "Vehicle" sales and since GM does not have Medium Duty Trucks like HINO (Toyota) and MAN/Scania (VAG) it will fall short in sales and far more importantly profits. I will take more profits over overall sales titles any day, since all companies are judged by what they return than short term "Sales Trophies".

When GM makes GMC it's global truck brand, adds Medium Duty Trucks/Vans and sells GMC Vehicles globally it will greatly increase it's Vehicle sales and profits along with them. Unfortunately GM is too stuck in the past and cannot move forward with a Professional Global Strategy and will never lead in profits.

Toyota and VAG are multi-brand vehicle makers that focus on making the most global profit from each and every brand and why they will always be the leaders since they have more "Revenue Streams" until other manufacturers add enough "Revenue Streams" (brands) to compete. GM has the "Revenue Streams (brands) but is stuck in a "cost first" focus, not a "Revenue First" one and we know where "cost focus" gets you.
 
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