Silverado Sales Lead GM to Best Monthly Sales Since 2008 - 24/7 Wall St.
General Motors Co. (NYSE: GM) posted total May sales of 293,097 vehicles, a rise of 3% compared with May 2014. The May total reflects stronger Chevrolet and GMC sales including a jump of 30% in sales of Chevy trucks. Retail deliveries were up 7%, fleet deliveries were down 2. 9% and commercial sales rose 5% in May, including a 9% gain in sales of full-size pickups. Transaction prices rose 4. 2% year-over-year and were flat compared with April’s average selling price, according to KBB. The GMC Sierra pickups posted a gain of 3. 6% in May, and the Acadia sport utility vehicle (SUV) saw a sales gain of 67% to 10,498 units in May. For the year to date, total Cadillac sales are down 1. 2% and retail sales are down 5. 6%. GM reported that fleet sales comprised 24. 9% of May sales, down 2. 9% year over year. For the year to date, fleet sales made up 26. 5% of sales, up 0. 6% compared with the first five months of 2014. Total Chevrolet deliveries in May were up 1. 4% year over year. The two pickups aside, sales rose most for the compact Equinox SUV (up 29. 8%) and the midsize Malibu (up 11. 3%). GM said its average transaction price in May was about $34,000, a drop of $750 from April and up $550 year over year. Source: 247wallst.com
