Stock Ticker

  • Loading stock data...

General Motors Company (NYSE:GM) Reports 2% Increase In Global Sales In Q12015 Year-Over-Year

General Motors Company (NYSE:GM) reported the net global sales of Q12015. The total sales exceeded a whopping 2.4 million vehicles, higher than the net sales in 2014 by 2%.

Sales Comparison

However, the sales of vehicles manufactured by GM, numbered to 2,421,123. The figures trailed the holistic sales of 2.49 million by Volkswagen AG (ADR) (OTCMKTS:VLKAY). It seems obvious that GM shall be in the third position behind Toyota Motor Corp (ADR) (NYSE:TM). The latter is yet to come up with a net report on the global sales during the first quarter in 2015.

China Is Still GM’s Favorite Market

China continues to be in GM’s radar as a top notch market, topping the charts of voluminous sales numbering to 961,135 during the first quarter. The North American market comes second with voluminous sales of 789,780 deliveries. GM’s sales in China is 9% better than the numbers notched up during the same period of the year in 2014. Overall sales across North America increased 6% over the figures in Q12014.

CEO’s Views

The CEO of General Motors Company (NYSE:GM), Mary Barra stated in a public release that the company is still in the nascent stages of aggressive onslaught with innovative products and myriad of customer focused service offerings. Further, he corroborated that the company has gained momentum in building the brand image across the US, China and West Europe. Surely, these three markets have better response for GM in comparison to the same in Brazil and Russia.

Sales Shortage

Though the CEO is apprehensive about better results, powered by enhanced momentum in Europe, the company is yet to transform a large part of optimism into sales turnaround. The non-conversion in the European market is still a lingering thorn for GM. There were 291,582 vehicles that moved into the European market; there was a shortfall by a hefty 45,844 in comparison to the sales figures during Q12014. The overall sales of the company in South America pushed down by 15%. Moreover, the sales in Africa, Middle East and APAC also reduced by 2% year over year.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).



  • Recent Stories

    SignUp Now For Our Featured Newsletter

    Sign Up To Get Our Latest Stocks Alerts