GM Sales Up in January Thanks to Strong Retail Showing
General Motors’ four brands delivered a total of 203,745 vehicles in the United States last month, marking the best January sales figure the automaker has seen since 2008. Total sales rose 0.5%, and retail sales climbed 8.9% thanks to a total of 163,055 vehicles sold at retail.
Other major retail achievements include a near-2-percentage-point gain in retail market share for Chevrolet, brought about in part by the brand’s best Chevrolet passenger car retail figure in 19 years. Buick’s retail sales were also up a staggering 45% year-over-year.
“We believe industry fundamentals such as the age of the vehicle fleet, well managed inventory levels, firm used car pricing, good credit availability and low fuel prices will support higher industry sales in 2016,” said Mustafa Mohatarem, GM’s chief economist. “In addition, household balance sheets are strong and the labor market continues to improve.”
Chevrolet led GM brands in terms of volume with 137,803 units sold. GMC sales totaled 36,933 units, up 3.5% from January 2015. Buick sales totaled 18,269 vehicles, up 45.5% year-over-year, and Cadillac sales totaled 10,740 units.