UPDATE: General Motors (GM) U.S. Sales Rose 3% in May; Results Bolstered by ... - StreetInsider.com
Chevrolet, Buick, GMC and Cadillac dealers in the United States delivered 293,097 vehicles in May 2015, for General Motors Co. ’s (NYSE: GM ) best May sales since 2007 and its best month since August 2008. Total sales were up 3 percent year over... “Chevrolet has the hot hand in the pickup market thanks to our three-truck strategy,” said Kurt McNeil, General Motors’ U. S. vice president of Sales Operations. The Chevrolet Silverado’s estimated retail segment share was 27 percent in May, according to J. D. Power PIN data, up 3 percentage points year over year. Calendar year to date, the truck’s retail segment share is 26 percent, up 1 percentage point. Demand for the all-new Colorado midsize pickup is rising faster than GM’s ability to increase production, even with the addition of a third production shift in March. With 8,881 sales in May, the Colorado controls about one-quarter of the retail market for midsize pickups and it has been the industry’s fastest-selling pickup for four consecutive months. Its “days to turn” is only 13 days, according to PIN, and retail inventory is 11 days. The Equinox was up 30 percent compared to a year ago and the Traverse rose 2 percent. Retail deliveries for the Equinox and Traverse were up 15 percent and 30 percent, respectively. Source: www.streetinsider.com
