General Motors' Sales Jump on Booming Crossover Demand
General Motors (NYSE: GM) had another terrific month for U.S. sales in September. GM said its U.S. sales rose 12% last month versus the year-ago period, on strong pickup truck sales and big gains for its revamped lineup of crossover SUVs.
That was well ahead of rival Ford Motor Company's (NYSE: F) 8.7% increase, and it also beat analysts' expectations. Wall Street analysts polled by Bloomberg had called for a 7.9% year-over-year sales gain for GM, on average.
In addition, GM's sales gain likely outpaced the overall U.S. market's gain, meaning GM probably gained market share in September.
Source: Fool.com
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