Detroit MI Automaker General Motors YTD Sales Still on the Rise After Strong October [stocksmarketarticles]

Detroit MI Automaker General Motors YTD Sales Still on the Rise After Strong October [stocksmarketarticles]

Nevertheless, the article makes no mention of exchange rate risks. Year-to-date the Bombay Stock Exchange´s Sensex index has risen by almost 13%, after tumbling by 25% in 2011. FTSE 100 down 10 to 5675. 1506: Equity markets across Europe have sunk ... Market overview: Time to go Indian, analysts say

www.StockMarketFunding.com S&P 500 YTD 2011 Performance Technical Analysis Support & Resistance. This video teaches you the essentials of support and resistance lines on the "S&P 500". Learn how market bottoms are put in using the S&P 500 index vs VIX.X. In this special weekend training...

stocksmarketarticles.blogspot.com S&P 500 YTD 2011 Performance Technical Analysis Support & Resistance

DETROIT, M.I. â€" Detroit MI automakers like General Motors saw increases in auto sales once more during the month of October. This would be the third-consecutive month that the auto industry has increased in numbers.  The sales numbers for cars and trucks have increased as a whole 13.4 percent in October, and the industry is feeling positive about the numbers continuing to increase over holiday months.

Total sales for Detroit MI automaker General Motors was up 6.2 percent from high numbers in September. Vehicles sold by GM totaled 183,543 for October with the main four core brandsâ€"GMC, Chevrolet, Buick and Cadillacâ€"increasing together 8 percent for the month, making the overall YTD total a 12.8 percent increased for the four core brands.

"Our October results show that our focused plan is working, as our four brands continue to grow," Don Johnson, GM's vice president of U.S.

sales operations, told The Detroit News. "Our sales are up more than double the industry's increase through October, and we've gained almost two points of market share."

For the year, Detroit MI owners should know GM crossover sales have gone up 64 percent while GM's Buick brand had the sharpest increase in sales with 38.8 percent. The highest selling model for Buick was the Enclave crossover with increased sales over 52.7 percent. The GM pickupsâ€"Chevrolet Silverado, Avalanche and GMC Sierraâ€"rose as well with a rise of 9 percent in sales for the month.

"In a nutshell, we see an economy that is a little brighter," said Johnson on Wednesday.

"It is going to be the rate of employment growth that determines just how fast the industry recovers."

With these steady increases, General Motors is looking forward to its IPO, which is expected to sell $ 10 billion in stock.

The other Detroit MI automakersâ€"Chrysler and Fordâ€"had a very different sales month. Chrysler had a strong October month selling 19,137 vehicles, up 37 percent from last October.  Although Chrysler sales fell 9.9 percent from September, this month was its seventh consecutive month the automaker has seen increased sales. Ford, on the other hand, sold 157,650 vehicles and saw a sales dip of 1.5 percent from the previous month, but only a 19 percent increase from the same time last year.

The most drastic shift in auto sales came from Toyota Motor Corp. as its numbers dropped 4.4 percent from last year. For just the month of October, sales fell 1.1 percent from September. The Lexus brand had increased, but the Toyota divisionâ€"mainly the Camry and Corollaâ€"had not due to the many recalls.

 

More Detroit MI Automaker General Motors YTD Sales Still on the Rise After Strong October Issues