Cars and Drivers

GM Sales Rise 6% on Strong Pickup Action

GMC Sierra pickup
courtesy of General Motors Co.
General Motors Co. (NYSE: GM) posted total November sales of 225,818 vehicles, a rise of 6.5% compared with November 2013 sales of 212,060. Total retail sales for the first 11 months of 2014 totaled 2.01 million units.

GM’s new vehicle sales for November were forecast in a range of 215,000 to 219,000.

Cadillac’s total sales dropped 18.7% year-over-year for the month and retail sales are down nearly 20% for November.

Total Chevrolet deliveries in November were up 3.2% year-over-year. The Chevy Cruze posted a sales gain of 25.6% in November, and year-to-date sales are up 11%. For the first 11 months of the year, total sales are up 3.1%, including discontinued models. Cadillac sales are down 5.9% for the first 11 months of the year.

Chevy Silverado pickup sales rose 24.5% in November and are up 7.8% year-to-date. Chevy’s full-size Suburban SUV, however, saw sales fall 3.2% for the month, although sales are up 6.2% year-to-date.

GM’s new SUVs and pickups continue to be big hits, and GM said its average transaction price in November was the highest ever at $35,600. GMC Sierra pickups sold 22,544 units in November, up 57% year-over-year, and total Sierra sales year-to-date are up 13.1%. GMC brand sales were up 27% in November and are up 10.1% for the year.

ALSO READ: Volkswagen to Invest $108 Billion in Expansion

For the auto industry as a whole, GM’s forecast for the seasonally adjusted annual rate (SAAR) of sales is 17.1 million in November.

GM’s stock price was up about 1.8% Monday morning, at $33.54 in a 52-week range of $28.82 to $41.85.

[protected-iframe id=”5a13167326ed3c3b7e501d078cafcbf7-5450697-30366712″ info=”//companies.findthebest.com/w/4WURycZH6W9″ width=”600″ height=”400″ frameborder=”0″ scrolling=”no”]

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans  set to retire this year, you may want to pay attention.

Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.

Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.