General Motors Is Taking Profits Off Road - Seeking Alpha
Particularly against the backdrop of supply constraints and worrying deep discounts at Ford (NYSE: F ), GM appears to be well positioned to continue to perform into the second half of the year. Surging Sales Get Rugged In additional to reporting a 14% increase for July in retail sales and a 6% overall increase across the Chevy, GMC, Buick and Cadillac brands, GM was able to report a 24% increase in combined pickup, van and SUV sales for... Notable sales increases came for the Silverado - which saw sales spike 35%, the best retail numbers since July 2006 - and a 16% and 15% increase in sales of Tahoe and the Suburban respectively. vice president of Sales Operations, Kurt McNeil commented on the company's positioning for the rest of the year: "We feel very good about our truck strategy heading into the late summer and fall, when those segments usually heat up. We are the... Ford Continues to See Pressure While Ford continues to be well-run and have its. Source: seekingalpha.com
