Bankruptcy Is a Good Thing, GM Improves June Sales

Bankruptcy is surely a good thing for General Motors, not only because it would convert the American manufacturer into a cleaner and more competitive company but also because it helps it improve sales in the domestic market. And the first signs of such a thing showed up in June when General Motors delivered 176,571 vehicles, down 33.6 percent compared to the previous year but up 10 percent over the May figures.

Chevrolet sales were increased by 8 percent, partially thanks to Camaro, Aveo, Avalanche, Colorado, and Traverse which all posted better figures than in May. Buick Enclave is one of the models which helped the American giant improve its results, with June sales up 5 percent when compared to May.

“We’re pleased with our retail performance for the month, and it shows consumers’ strong attraction to our products – such as the Camaro, Aveo, Traverse, LaCrosse, Lucerne, CTS, DTS and STS – which all saw retail sales gains compared with May,” said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing.

“Customers are cautiously coming back into the market, although the industry remains very weak at approximately a 10 million SAAR (Seasonally Adjusted Annualized Rate). The reinvention of GM remains on track and we have compelling new offers in July, including 0 percent financing for up to 72 months available through GMAC and the Federal CARS (Car Allowance Rebate System) ‘Cash for Clunkers’ plan that encourages consumers to trade in their old car or truck for a new fuel-efficient GM product.”

As for the hybrids, GM delivered a total of 1,454 units in June, which raises the total annual sales to 8,349 vehicles.

“Camaro is the hottest product in America and probably led the sport segment with more than 9,300 vehicles delivered in June without any incentives. Additionally, we are offering the best selection of crossovers with Traverse, Acadia, Outlook and Enclave and we just announced very affordable pricing on the all-new GMC Terrain crossover. We invite consumers to visit dealer showrooms to shop and compare for themselves. We are confident they will be pleasantly surprised by the compelling designs, segment-leading fuel economy and outstanding value that our new cars, trucks and crossovers have to offer," LaNeve added.
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About the author: Bogdan Popa
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Bogdan keeps an eye on how technology is taking over the car world. His long-term goals are buying an 18-wheeler because he needs more space for his kid’s toys, and convincing Google and Apple that Android Auto and CarPlay deserve at least as much attention as their phones.
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