US vehicle sales in Q2
In the previous part of this series, we saw how Ford Motor Company’s (F) home market sales have weakened in 2018 so far. Ford’s strong truck and sports utility vehicle segment and overall retail sales drove its US sales up by 1.2% YoY (year-over-year) last month. Now, let’s explore how the US market sales for General Motors (GM) looked in the second quarter.
GM’s US sales in second quarter
In the second quarter of 2018, GM’s overall US vehicle sales rose about 4.6% YoY to 758,376 vehicle units. In the first quarter, General Motors’ sales rose 3.8% YoY to 715,794 units in its home market sales, whereas Ford’s sales went down by 2.9% YoY during the same period.
According to 2017 sales data, GM was the fourth-largest automaker (FXD) in the world. That year, the Renault-Nissan alliance, Volkswagen (VLKAY), and Toyota (TM) were in the first, second, and third positions by global sales, respectively.
H1 2018 sales strength
In the first half of 2018, General Motors’ US sales have risen 4.2% YoY to 1.47 million vehicle units. By comparison, GM’s home market sales were much higher than Ford’s sales figures of 1.28 million units in H1 2018.
During the second quarter, GM’s commercial segment sales saw 4% YoY and 14% quarter-over-quarter positive growth. In its Q2 sales press release, the company also highlighted that its commercial segment sales have gone up by 42% since 2012, resulting in strong positive growth in total vehicle sales.
Continue to the next part to learn about GM’s segment-wise sales in Q2.