/ General Motors, Industry, News, Sales Reports / GM says global sales rose four percent in 2013

GM says global sales rose four percent in 2013

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GM says global sales rose four percent in 2013

Owing to strong demand in the world’s two largest auto markets, China and the United States, General Motors said its sales grew 4 % globally in 2013.

Sales of the top US automaker hit 9,714,652 cars and light trucks, an increase of more than 417,000 vehicles, as demand surged 11 % to a record high in China and rose 7 % in the United States.

“A healthy auto market in the United States and China, and very successful product launches at all of our brands worldwide drove GM’s growth in 2013 and helped us navigate difficult conditions in Europe and parts of South America and Asia,” GM Chief Financial Officer Dan Ammann said in a statement.

Still, the second position in terms of global sales is threatened by German automaker Volkswagen AG, who said last week its sales rose 5 % to more than 9.7 million vehicles, but did not provide specific details. The company’s results include its Scania and MAN brands.

GM said its sales in Brazil inched up 1 % and in the United Kingdom 11 %. They fell 11 % in Russia. Regionally, sales rose 7 % in both North America and the company’s International Operations, which include China and the rest of Asia.

GM’s Chevrolet brand saw sales rise slightly, while its Opel/Vauxhall brands in Europe were slightly down in the struggling region. However, the European brands gained market share for the first time in 14 years, the Detroit company said. Cadillac sales rose 28 % and Buick was up 15 %.

Via Reuters

by Aurel Niculescu (my Google+) - Wednesday, January 15th, 2014 - filed under General Motors, Industry, News, Sales Reports. Image credit: .
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