GM Sales Rise 6% in 2010; 8% for DecemberBy Michelle Krebs January 4, 2011
In its first full calendar year out of bankruptcy, General Motors reported 2010 sales were up 6 percent over 2009; December sales climbed nearly 8 percent from the same year-ago month.
GM was the first automaker to report December and full-year 2010 sales today. All other automakers will post their sales as well.
Edmunds.com anticipates full-year sales will total 11.5 million vehicles, the second worst year for sales since 1982 behind 2009. However, sales have been rising steadily, with the consumer back in the game. Edmunds.com predicts that when December sales are tallied, it will mark the highest selling rate of the year at 12.34 million vehicles sold on a Seasonally Adjusted Annual Rate. That's the highest rate since the Cash for Clunkers-fueled August 2009.
GM announced 2011 sales of light, medium and heavy-duty vehicles will come in at 13 to 13.5 million vehicles, after an 11.8 million 2010. Edmunds.com is forecasting 12.9 million for 2011. Toyota said Monday it predicts a 12.5 million sales year in 2011, and Ford said earlier it expects 2011 sales to "be closer to 13 million than 12 million."
GM's rosy 2011 forecast is based on the improving economy and pent-up demand, GM executives said in a conference call today.
Excluding GM's defunct Pontiac, Saturn and Hummer brands and its sold-off Saab brands, GM said sales for the year were up 21 percent for the year; 20 percent for December.