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General Motors: Sales up sharply compared to July 2009

By Anonymous

From General Motors: Chevrolet-Buick-GMC-Cadillac Sales Up 25 Percent in July.

General July sales for Chevrolet, Buick, GMC and Cadillac increased by a combined 25 percent to 199,432 units.

There was one more selling day in July 2010, so this increase is overstated a little. Note: this is just these brands too.

Note: in July 2009 U.S. light vehicle sales rose to 11.2 million (SAAR) from 9.7 million (SAAR) in June 2009. This increase was related to "Cash-for-clunkers". General Motors didn't emerge from bankruptcy until July 10, 2009, so GM will probably have the best year-over-year comparison of the major automakers.

I'll add reports from the other major auto companies as updates to this post.

Update 1: From MarketWatch: Ford U.S. July sales up 3.1% to 170,411 vehicles

Update 2: From MarketWatch: Chrysler U.S. July sales rise 5% to 93,313 units

Update 3: From MarketWatch: Toyota U.S. July sales fall 3.2% to 169,224 units

NOTE: Once all the reports are released, I'll post a graph of the estimated total July sales (SAAR: seasonally adjusted annual rate) - usually around 4 PM ET. Most estimates are for an increase to 11.6 to 11.8 million SAAR in July from the 11.1 million SAAR in June.

Full post as published by Calculated Risk on August 03, 2010 (boomark / email).