Hot off April's year-over-year sales gain of 20 percent, General Motors is back with another sales increase of 16.6 percent for May. Drop retired brands Saturn, Hummer, and Pontiac from the equation and GM's core brand sales were up 32 percent. Coincidentally, just one year ago yesterday, GM filed for bankruptcy.
"Each of our brands has new products that are being received well by customers," said Steve Carlisle, vice president, GM U.S. Sales Operations. "In fact, these new vehicles now account for about one in every four retail sales in the U.S. With each brand launching vehicles in the next few months, we are optimistic about the remainder of the year."
Leading the May charge by a large margin was Cadillac, outselling last year by a whopping 54 percent by moving 12,328 models off showroom floors. Of Cadillac's models, the all-new SRX crossover continued to sell strongly with gains of 439 percent over last year, while sales of the CTS sedan and wagon are up 7 percent. A new coupe version of the midsize, rear-drive CTS is soon to come.
Of the remaining brands, Buick rose 37 percent with 12,582 vehicles sold - the all-new LaCrosse heading the pack with sales gains of 162 percent over last year. Even within the past month, LaCrosse sales have moved 191 percent as vehicle supply reaches dealers.
Rounding out the gains are Chevrolet and GMC with gains of 31 percent and 26 percent, respectively. At Chevy, retail sales gains for the full-size Silverado and Avalanche trucks are up by 14 percent, while Suburban retail sales also increased 73 percent. GMC saw a 350 percent sales boost year-over-year of its Terrain crossover.
Source: General Motors