GM June Sales Up 16%

Following on the heels of strong results from Ford (NYSE: F) and Chrysler, GM (NYSE: GM) posted impressive sales for June, up 16% over the same month last year to 248,750. GM said the month was its best single one since September 2008 based on all vehicles sold.

The No.1 manufacturer in the world reported:

For the month, GM passenger car sales were up 12 percent year over year, thanks to a 32 percent increase in Chevrolet Malibu sales and a 21 percent increase in Buick LaCrosse sales.

Combined sales of all seven Chevrolet, Buick, GMC and Cadillac crossovers were up 30 percent versus a year ago.

Truck sales were up 11 percent, with all pickup, van and SUV segments up year over year.

Retail deliveries were up 8 percent year over year. Fleet deliveries were up 36 percent versus a year ago due in part to the timing of customer deliveries. In July, fleet volumes and mix are expected be down month over month and year over year.

GM’s newest vehicles continue to perform well. Sales of the Buick Verano were 4,091 in June, and have increased each month since the car launched in December 2011. Chevrolet Sonic sales were 6,785 units and it is the retail sales leader in its segment. The new Cadillac XTS began arriving in showrooms in June, and dealers delivered more than 750 vehicles. Over the course of 2012 and 2013, 70 percent of GM’s nameplates will be all-new or redesigned.

Douglas A. McIntyre