GM's global sales rise 4.6 percent in first nine months

DETROIT Thu Oct 17, 2013 12:12pm EDT

The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan in this file photograph taken August 25, 2009. REUTERS/Jeff Kowalsky/Files

The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan in this file photograph taken August 25, 2009.

Credit: Reuters/Jeff Kowalsky/Files

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DETROIT (Reuters) - General Motors Co's (GM.N) global sales rose 4.6 percent in the first nine months of the year as strong third-quarter demand in the United States and China helped offset declines in Europe and South America, the company said on Thursday.

The No. 1 U.S. automaker had nine-month global sales of more than 7.25 million. That included a 5.5 percent increase in the third quarter and puts GM ahead of German rival Volkswagen AG (VOWG_p.DE).

Volkswagen's sales in the first nine months rose 4.8 percent to 7.03 million. However, that does not include the German automaker's Scania or MAN brands, which typically account for a combined 200,000 vehicle sales in a full year.

Toyota Motor Corp (7203.T), which sold the most cars globally last year, has not yet released its global sales figures for the same period but was the leader through the first half.

Toyota's groupwide total includes sales at Daihatsu Motor Co Ltd (7262.T) and Hino Motors Ltd (7205.T).

Last year, Toyota took back the title of the world's largest automaker from GM. The Japanese automaker held the global sales crown from 2008 through 2010 but fell to third place in 2011 after a U.S. recall crisis and a disrupted supply chain following an earthquake and tsunami in Japan and floods in Thailand.

GM's international operations, including the world's largest auto market, China, had a nine-month sales increase of 7.5 percent to almost 2.85 million vehicles. GM is a market share leader in China.

The Detroit company's sales in North America increased 7.3 percent in the first nine months to almost 2.45 million vehicles.

Sales were down 2.4 percent in Europe in that period to more than 1.18 million vehicles, and off 2.1 percent in South America to almost 770,000 vehicles.

(Reporting by Ben Klayman in Detroit; Editing by Jeffrey Benkoe)

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Comments (1)
MikeBarnett wrote:
It is no surprise that GM sales in China are its best sales. China’s GDP growth should exceed 7.5% while US GDP growth should be 1.5% or lower. The US has just emerged from the regime induced financial and economic chaos known as the Shutdown and the Debt Ceiling, and it has arranged to recreate both debacles 3 months and 3.5 months later. The US is a glutton for punishment and stupidity, and suicidal idiots get what they deserve, so China will continue to move ahead of the US for GM because the US chooses to destroy itself.

Oct 17, 2013 6:34pm EDT  --  Report as abuse
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