General Motors' Crossover SUVs Are Driving a Sales Boom
General Motors (NYSE: GM) had a terrific month for U.S. sales in August. The General's U.S. sales rose 7.5% last month, far outperforming the 1.9% decline posted by the U.S. light-vehicle market as a whole.
GM's gain came despite the effects of Hurricane Harvey, despite weak demand for sedan models, and despite a big month for arch-rival Ford Motor Company's (NYSE: F) pickup sales.
What drove GM's gain? The success of its crossovers.
Source: Fool.com
Ford Motor Co. Aktie
9,90 €
-1,19 %
Leichte Community-Bevorzugung: Ford Motor Co. mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 14 € für Ford Motor Co. bedeutet eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 9.9 €.
