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The following article was published in our article directory on November 4, 2010.
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GM's October Sales Rose 3.5% in the U.S.

Article Category: Business

Author Name: Amanda xzh

GM announced Wednesday that U.S. sales in October increased by 3.5% to other company's upcoming 10-month sales report set a positive tone.

Ford and Chrysler in U.S. sales in October were recorded double-digit growth is expected to make the U.S. auto industry recorded a "cash for clunkers" program implemented in January, the past two years, the best month.

After two weeks of the upcoming initial public offering (IPO) of the General Motors said that in October sold 183,759 cars and trucks, higher than last year's 177,603.

Excluding discontinued brand, GM October sales rose 12.8%, mainly due to the Chevrolet Equinox and Cadillac SRX crossover such as sales growth.

GM's head of U.S. sales operations Don Johnson, said: "As from the beginning of October, our sales growth more than doubled the growth of the industry, we have increased the market share of about 2 points." General Automotive, said the company remaining four brands - GMC, Cadillac, Chevrolet and Buick as of October 22% of total sales growth, while the U.S. auto industry to the current year grew by about 10.5%

Excluding lower margin fleet sales, GM in October of each brand's total sales rose 13%, growth of 8%.

Johnson added that the general aspects of the introduction of 2011 models faster than other competitors, which thus also help the company in October's market share increase.

He said: "In our sales in October, 76% from the 2011 model year vehicles. This allows us to continue growth in a better position at the same time reducing the use of promotional tools."

Ford's U.S. sales in October grew at 149% to 157,935, mainly due to its F series pickup trucks and small, energy car sales strong. The sales growth is expected to make Ford's market share increased the second consecutive year, and this is the company since 1993, never realized before.

Ford, head of marketing and service management library Pui Ken Czubay said: "We are pleased to see that in the fourth quarter, Ford's growth momentum will be renewed. We already introduced several important product , for example, the new version of the F-150, Explorer, and Fox, we plan to continue after 2011 and the momentum of this new product. "

Ford is the United States in the three major domestic auto makers only publicly traded company, the company's share price has risen 47% this year, total.

The other hand, belonging to the Italian Fiat company announced Chrysler's October sales in the U.S. rose 37% to 90,137, higher than last year's 65,803, mainly due to strong sales of Jeep brand. Same time, because truck sales rose 45%, Chrysler's sales were recorded for 7 months, year on year growth.

In addition, the Honda U.S. sales in October increased by 15.6% to 98,811. Total vehicle sales increased 4.8% to 51,881, the total truck sales increased 30.4% to 46,930.

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