General Motors Sees 20% Year-Over-Year Gain in Crossover Sales in January
General Motors followed up its earning of the auto industry’s fastest-growing automaker for crossover sales in 2017 by delivering an impressive 20% year-over-year gain in January. Overall, GM’s sales totaled 198,548 vehicles to start off 2018, up 1.3% year-over-year and rising on the strength of solid months from Buick and Chevrolet. At retail, General Motors’ sales fell 2.4% at 151,244 vehicles; Buick and Cadillac both delivered gains for the month.
“All of our brands are building momentum in the industry’s hottest and most profitable segments,” said Kurt McNeil, US vice president, Sales Operations. “Chevrolet led the growth of the small crossover segment with the Trax as well as the mid-pickup segment with the Colorado. Now, we have the all-new Equinox and Traverse delivering higher sales, share, and transaction prices.”
Chevrolet’s 5% year-over-year sales increase was facilitated by 40% growth from its crossovers and 17% growth from pickups. Highlights for the month include best-ever January sales from Equinox, Traverse, Bolt, and Trax; 22% growth from Tahoe; 15% growth from Silverado, including Chevy’s best-ever January for Silverado Crew Cab models; and 25% growth from Colorado.
Cadillac’s total sales fell 3.9%; XT5 sales increased 2.7%, Escalade sales increased 15.2%, and ATS sales increased 18.6%.
GMC sales were down 11.4%; sales of the all-new Terrain were up 14.2% year-over-year, and Canyon was up 5.4%.