In accordance with an official release from General Motors, total U.S. sales of automobiles from its four key brands in June 2010, stood at 194,828 units, marking the sixth straight month of raises. Many analysts cite recovering demand in the pickup and SUV markets as a prime factor inside the sales raises and according to GM’s Vice President of Product sales Operations Don Johnson (no, not that a single), combined sales of the popular Chevy Silverado and GMC Sierra 1500 pickups, in addition to the Chevy Avalanche were up 27 % versus June 2009.
“As companies keep on to invest in their business, we expect this segment to keep on to recover,” stated Johnson. “We think that the release of some pent-up demand inside the pickup marketplace is indicative that a fundamental part of the US economy is strengthening.”
Besides these autos, the compact Chevy Equinox and GMC Terrain crossover utilities carry on to be hot sellers. GM reported 16,093 deliveries of these autos for the month of June, which according to the company’s year-to-date findings, represents a 193 percent boost over 2009. Month end total vehicle dealer inventory for June in the U.S., stood at approximately 438,000 units, about 30,000 higher than the previous month, but 144,000 less than the exact same time last year.
The U.S., along with a lot of Western Europe is experiencing a slow and somewhat painful economic recovery following the virtual collapse from the banking sector in 2008. Although there are signs that optimism is growing among consumers, numerous auto manufacturers, including GM are still making use of key product sales incentives to move many models off dealer lots.