For the first time in 21 months, General Motors is on track to see its first monthly sales increase compared to the same time period a year ago, the company said today.
“We’re really having a good October,” he said.
DiGiovanni added that about 95% of the sales for the month are coming from the company’s four core U.S. brands — Chevrolet, Buick, GMC and Cadillac. A year ago, those brands comprised about 85% of the company’s sales.
GM is in the process of winding down Pontiac and Saturn and selling off Hummer and Saab after emerging from bankruptcy in July.
“We’re clearly getting behind us the brands we’re phasing out,” he said.
He predicted U.S. light vehicle sales for October will rise to an annual rate of 10.5 million, up dramatically from September's 9.2 million. He said the U.S. auto market is not out of trouble yet but is showing signs of recovery.
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