GM's US auto sales jump 18% in August |
| AFP - Sep 1, 2011 |
General Motors on Thursday reported an 18 percent jump in its US auto sales in August despite recent market turmoil, and expressed cautious optimism about the state of the US economy.
"Our balanced portfolio of trucks and fuel-efficient vehicles like the Chevrolet Cruze, Chevrolet Equinox and GMC Terrain are helping GM continue to gain market share, which has now increased in seven of the past eight months," Don Johnson, vice president for US sales, said in a statement.
"We're carrying good momentum and we're cautiously optimistic that we'll see U.S. economic growth improve in the months ahead."
Strong retail sales helped GM boost deliveries 18 percent to 218,479 vehicles last month and lower-margin fleet sales also posted gains, the automaker said.
GM said it is "closely monitoring consumer sentiment and other economic indicators" but has not changed its forecast for overall 2011 industry sales, which it expects to be in the "low end" of the 13-13.5 million vehicle range.
Read Full Article from AFP
- Posted: 2011-09-01 10:58:24
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