Member access

4-Traders Homepage  >  Shares  >  Nyse  >  General Motors Company    GM   US37045V1008

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

General Motors Company : GM January U.S. Sales Rose 16% as All Brands Post Solid Gains

02/01/2013 | 10:18am US/Eastern
Recommend:
0
   By Melodie Warner 
 

General Motors Co.'s (GM, GMM.U.T) U.S. auto sales rose 16% in January as all of its brands posted double-digit percentage increases.

Results matched expectations from car-shopping website Edmunds.com.

Broadly, U.S. new-auto sales for January are expected to increase 15% from a year earlier and drop 23% from the prior month, according to Edmunds.

GM reported it sold 194,699 vehicles in January, up from 167,962 a year earlier and 21% below December's total of 245,733.

Chevrolet sales were up 11%, as GMC sales increased 23%. Total Buick sales climbed 32%, and total Cadillac sales jumped 47%.

Month-end dealer inventory in the U.S. stood at 737,885 units, up 2.9% from the prior month.

January had 25 selling days this year and 24 selling days a year ago.

GM reported in October its third-quarter profit dropped 13% amid widening losses in Europe and higher warranty expenses in North America, although the auto maker still beat analysts' expectations on better-than-expected financial performance in some of its international operations.

Earlier Friday, Chrysler Group LLC reported its U.S. auto sales rose 16% during the month, driven by jumps at its namesake and Dodge brands, while Ford Motor Co.'s (F) U.S. new-vehicle sales rose 22%, as gains by its namesake brand continued to offset declining Lincoln sales.

GM shares were recently trading 26 cents higher at $28.35. The stock is up 10% over the past three months.

Write to Melodie Warner at melodie.warner@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Recommend :
0
React to this article
Latest news on GENERAL MOTORS COMPANY
2h ago GENERAL MOTORS : Butler Wooten Is Investigating GM Ignition Switch Defect Cases ..
4h ago Toyota sells 2.58 million vehicles globally in first quarter, outpacing Gener..
4h ago Toyota sells 2.58 million vehicles, outselling GM
4h ago GENERAL MOTORS : Hilliard Munoz Gonzales Posts Findings of Safety Research & Str..
1d ago GENERAL MOTORS : GM seeks U.S. court protection against ignition lawsuits
1d ago GENERAL MOTORS : U.S. Senator Blumenthal wants to quiz former GM CEOs on recalls
1d ago China is a driver, not a drag, for U.S. earnings in first quarter
1d ago GENERAL MOTORS : U.S. opens probe into automatic brakes on 2014 GM Chevy Impala
1d ago GENERAL MOTORS : Top GM engineer to leave in post-recall reorganization
1d ago DELPHI AUTOMOTIVE : Top GM engineer to leave in post-recall reorganization
Advertisement
Chart
Duration : Period :
General Motors Company Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Income Statement Evolution
General Motors Company : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF