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%.
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.
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.
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.