Member access

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

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

02/01/2013 | 10:18am US/Eastern
   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

React to this article
Latest news on GENERAL MOTORS COMPANY
01/24DJCadillac Head Johan de Nysschen Clarifies Vision for Dealers
01/24 GENERAL MOTORS : Cadillac's small SUVs to take at least four years to hit market
01/24 Venezuela's currency woes an increasing threat to U.S. corporate profits
01/24 MANCHESTER UNITED : Fans Treated to Barbeque in Mombasa
01/23 GENERAL MOTORS : Karmanos Cancer Institute's 33rd Annual Dinner April 25, 2015
01/23 GOODYEAR TIRE & RUBBER : BRIEF: Goodyear recalling 48,500 Fortera SUV tires
01/23 Ford takes $800 million charge on Venezuelan currency woes
01/23 GENERAL MOTORS : BUYER'S GUIDE ; PLUGGING A CAR: The Chevrolet Volt is an electr..
01/23 GENERAL MOTORS : Cadillac to use robots to manufacture CT6 sedan
01/23 EXCLUSIVE : Honda opts for Takata rival to supply Accord air bags - sources
Advertisement
Chart
Duration : Period :
General Motors Company Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF