GM Posts the Industry Largest Retail Sales Increase on Double-digit Gains in ... - PaddockTalk
GM Posts the Industry Largest Retail Sales Increase on Double-digit Gains in Pickup and Crossover Sales. General Motors' (NYSE: GM) Chevrolet, Buick, GMC and Cadillac brands sold 270,480 vehicles in the United States in August 2015. Retail deliveries climbed 6 percent compared with a year ago, when results included the Labor Day holiday. GM had the industrys largest retail sales increase and gained more than 1 percentage point of retail market share year over year, based on J. D. Power PIN estimates. GM continues to have the highest average transaction prices (ATPs) and had the lowest incentives as a percentage of ATP in the domestic industry, according to PIN. GMs retail sales increase far outpaced the industry in August, and we have grown our retail share for five months in a row compared to last year, said Kurt McNeil, GMs U. S. vice president of Sales Operations. The estimated seasonally adjusted annual selling rate (SAAR) for light vehicles was 17. 5 million units in August, the fourth month in a row above 17 million units a streak unmatched since 2006. All of the economic fundamentals that we look at,... Crossover deliveries have increased year over year for nine consecutive months, with the highest August total and retail sales ever. Source: paddocktalk.com
