General Motors Co. on Wednesday reported total sales of 167,962 vehicles in the United States in January, down 6 percent compared with a very strong January 2011.
The company said total sales for GM passenger cars were up 3% from a year ago, led by Chevrolet passenger car sales. Truck sales fell 6% and crossover sales decreased 18%.
“Chevrolet drove our performance once again and sales of our fuel-efficient new cars were especially good,” said Vice President of U.S. Sales Operations Don Johnson.
“The strength that the economy and the auto industry showed in the fourth quarter carried into January, so we believe the year is off to a good start.”
GM also offered fewer discounts than it did last January. TrueCar estimated that GM’s incentives were down 16 percent to $3,095 per vehicle.
Month-end dealer inventory in the U.S. stood at 619,455 units, up 6.2% from the prior month.
GM shares rose by 1.4 percent to $24.36 in recent trading. The stock is down 33 percent in the past 12 months.
|Highlights||Jan. 2012 Total Sales||Total Change vs. Jan. 2011||Jan. 2012 Retail Sales vs. Jan. 2011||Jan. 2012 Retail Sales Change vs. Jan. 2011|
Dec. 31, 2011
|Days Supply (selling days adjusted)||Units @
Jan. 31, 2011
|Days Supply (selling days adjusted)|
|Industry Sales||Dec. 2011 SAAR||Jan. 2012 SAAR (est.)||Full Year 2012
|Light Vehicles||13.5 million||13.5 million||13.5 million – 14.0 million|