US vehicle sales
In the previous part of this series, we discussed how Ford Motor Company (F) reported stronger home market retail segment sales in September. Consistent demand for the company’s F-Series Super Duty truck continued to drive its truck segment sales higher. Now, let’s explore how General Motors’ (GM) home market sales were in September 2017.
General Motors’ US sales in September 2017
In September 2017, GM’s total US vehicle sales stood at 279,397 vehicle units, about 11.9% higher than its sales in the corresponding month of 2016. By comparison, GM’s September US sales were also much stronger than Ford’s (F) sales figures of 222,248 units for the month.
Previously in August, General Motors’ total US sales also rose about 7.5% on a YoY (year-over-year) basis to 275,552 units. An increase of about 4.2% year-over-year in the company’s retail sales helped it to boost total US sales last month.
Notably, for the first time in fiscal 2017, General Motors’ May US sales were lower than Ford’s US sales. By 2016 sales data, GM was the third-largest automaker (IYK) in the world. That year, Volkswagen (VLKAY) and Toyota (TM) were ahead of GM in terms of their global sales volumes.
Retail sales went up
General Motors’ US retail vehicle sales in September 2017 rose 8.1% to 221,075 units as compared to its retail sales in September 2016. September 2017 sales were marginally lower than the company’s US retail sales of 221,778 vehicle units in August.
This significant increase in GM’s retail sales along with its higher fleet vehicle deliveries drove its total US sales higher in September for the second consecutive month. The company’s solid August and September sales should rebuild investors’ confidence, as it reported US sales declines for the previous four consecutive months.
Read on to the next article where we’ll take a look at GM’s segment-wise retail sales in September 2017.