Buick Sales Up 18%, Moves GM 1% Higher in June

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By Douglas A. McIntyre Published
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General Motors Co.’s (NYSE: GM) June sales rose only 1%. If it had not been for an 18.4% improvement in Buick, GM corporate sales would have dropped.

Total company sales rose to 267,461. Buick sales were 21,403. For the year, Buick’s sales are higher by 12.5% to 113,472. GM’s flagship Chevy suffered another drop in sales in June, down 2.5% to 188,567.

Another problem for GM is Cadillac, its luxury car turnaround story. America’s largest car company has hoped to challenge BMW, Mercedes and Lexus for market share. But Cadillac sales were up only 0.1% to 13,941.

Buick’s improvement was driven by sales of the Encore, which rose 81.7% in June. Cadillac’s primary problem was a drop in sales of its new ATS, down 31.8% to 2,358. Chevy’s sales were badly hurt by a drop in Cruze sales of 20.9% to 26,008.

Also worth noting, GM’s top-selling vehicle, the Chevy Silverado had an improvement in sales of 0.6% to 43,519. The pickup sits behind Ford Motor Co.’s (NYSE: F) F-Series, which is the top-selling vehicle in the United States. And the car that was once labeled GM’s future — the Volt — sold only 1,777 units, down 34.1%

“June was the third very strong month in a row for GM, with every brand up on a selling-day adjusted basis,” said Kurt McNeil, U.S. vice president of Sales Operations. “In fact, the first half of the year was our best retail sales performance since 2008, driven by an outstanding second quarter.”

Based on GM’s numbers, that statement is optimistic.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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