GM Sales Rise, Fueling Hope Of Car Recovery

Cars and Drivers

Published: November 3, 2009 2:02 pm

Last Updated: April 27, 2020 10:17 pm

GM’s sales rose unexpectedly, by 4% in October to 177,603 cars and light trucks. Chevrolet retail sales were especially strong, up 31%. The No.1 US car company said fourth quarter production would be 17% above the third quarter of the year.

GM’s news follows positive news from Ford (NYSE:F) which had a sales increase of almost 3% in October to 132,483. Sales of the third market leader, Toyota (NYSE:TM) were flat at 152,165.

Chrysler’s sales were down, as expected, falling 30% to 65,803.

Taken as a whole, the October data indicates that US car sales have bottomed and that the rest of the quarter may be stronger than expected.

Douglas A. McIntyre

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