Tuesday, August 03, 2010

General Motors: Sales up sharply compared to July 2009

by Calculated Risk on 8/03/2010 11:00:00 AM

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.