Investors Should Love GM's October Sales Decline
Last week, Ford Motor (NYSE: F) reported a strong 6.2% year-over-year increase in U.S. vehicle deliveries for the month of October. Meanwhile, its crosstown rival General Motors (NYSE: GM) recorded a 2.2% decline in deliveries during the same timeframe.
While General Motors' October sales performance certainly wasn't as good as Ford's, investors should be perfectly pleased with its modest sales decline. GM's sales mix continues to shift toward more profitable trucks, SUVs, and crossovers. Moreover, the company has successfully addressed the severe inventory glut it faced earlier this year.
Ford's 6.2% sales gain last month was driven primarily by strong sales of its F-Series trucks. F-Series deliveries rose 15.9% year over year in October, continuing a long-running trend. (Year-to-date, F-Series deliveries are up 11.1%.) This accounted for 90% of the increase in Ford's total deliveries last month.
Source: Fool.com
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