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General Motors: Sales up 10.7% compared to June 2009

By Anonymous

From MarketWatch: General Motors U.S. June sales rise 10.7%.

General Motors Co. said Thursday that June U.S. sales rose 10.7% to 195,380 vehicles from 176,571 in the year-ago period.

This seems very weak considering GM was in bankruptcy last June.

This is based on an easy comparison in several ways: in June 2009 U.S. light vehicle sales fell almost 30% to 9.7 million (SAAR) from 13.8 million (SAAR) in June 2008. The sharp decline last year was due to the financial crisis, the recession, and of course the Chrysler and GM bankruptcy filings (Chrysler filed for bankruptcy at the end of April, 2009 and GM filed for bankruptcy on June 1, 2009).

I'll add reports from the other major auto companies as updates to this post.

Update 1: From MarketWatch: Ford total sales rise 13.3% to 175,895 units

Update 2: From MarketWatch: Chrysler U.S. June sales jump 35% to 92,482 units

Update 3: From MarketWatch: Toyota U.S. June sales rise 6.8% to 140,604 units

NOTE: Once all the reports are released, I'll post a graph of the estimated total June sales (SAAR: seasonally adjusted annual rate) - usually around 4 PM ET. Most estimates are for a decrease to 11.4 million in June from the 11.6 million SAAR in May.

Full post as published by Calculated Risk on July 01, 2010 (boomark / email).