Cars and Drivers
GM September Sales Bounce Higher on Crossover Demand
Published:
Last Updated:
GM’s new vehicle sales for September were forecast at around 246,000 by analysts at Kelley Blue Book (KBB). GM’s average transaction price in September came in at $38,656, up 0.5% month over month and up 3.7% compared with September of last year, according to the KBB analysts. GM reported that its average September transaction prices rose $380 year over year and nearly $800 month over month. KBB does not include applied consumer incentives to its calculation. GM reported that September incentive spending was 11.2% of its average transaction price.
The best-selling vehicle in the month was the Chevy Silverado pickup, which saw a year-over-year sales gain of 7.1% to 53,725 units. The GMC Sierra pickups posted a gain of 17.8% in September and the Acadia SUV saw a sales gain of 4% to 6,647 units in the month.
Cadillac retail sales slipped 1.6%, following a 9.4% decrease in August. For the year to date, total Cadillac sales are down 1.7% and retail sales are down 4.6%.
Total Chevrolet deliveries in September were up 10.9% year over year. Sales of Camaro rose 2.6% year over year and sales of the Equinox crossover rose 24.7%.
The company’s Buick brand saw a year over year sales increase of 5% in September. Buick sales are down 1.8% for the year to date.
ALSO READ: Chrysler Sales at 15-Year High, but Rejected Union Contract Weighs
For the auto industry as a whole, GM’s forecast for the seasonally adjusted annual rate of sales is 18.3 million for September, well above the August estimate of 17.5 million.
GM’s stock traded up about 1.4% late Thursday morning, at $30.44 in a 52-week range of $24.62 to $38.99.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
