Monday, July 11, 2011

GM's US car sales set for 20-year high

DETROIT - General Motors co US Chevrolet car sales in the first half of the year will reach their highest share of the brand in 20 years sold better than truck in June for the third straight month set.

Chevy cars were just over 50 percent of the brand of U.S. sales for June-the third month in a row in the majority - and 47 percent for the first six months of the year 2011, said Alan Batey, Vice President of sales and service for Chevrolet. He refused to disclose, that expected, the will be GM Web results for June the company on Friday reports.


"Strength in the cars, in particular in respect of persistent you compact and mid-car will see", said Batey.


Relying on gasoline prices, about $1 are higher than noted that 46% of the Chevy chose retail buyers in the first six months before a year a gallon GM to a more fuel-efficient four-cylinder engine in their vehicles the rate doubled five years ago.


"We have a very, very strong truck brand was and frankly have worse than in cars", batey said. "It's so easy." "You have back a long way to see one of the strong performance of the cars."


The last time Chevy cars sold out truck for three straight months was in may, June and July 1991, when they made up 52 percent of sales for the year. Chevy benefits now from strong demand after its Cruze compact car and Malibu mid-size sedan.


However, batey historical patterns hold true of stronger truck sales in the second half of the year for 2011, recalling sees a steady expansion of truck sales in the last two to three weeks.


"Although the cars robust and strong will, I expect that the truck slightly in the second half of the year come back," he said. He forecast full-year revenue share Chevy cars to 42 to 45%.


In the long term, batey Chevy sees sales each one third for cars, crossovers, and pickup and SUV segment. However, he, a boost, said of a whole year car, which goes on sale this fall, as well as the introduction of new Malibu early in the year 2012 and the spark minicar would get later from the Sonic in 2012.


For the first six months Batey said Chevy car sales by 23 percent. Sales of pickup trucks and sport-utility and crossover vehicles show an increase of 9 percent for an overall gain of 15 percent for the brand.


GM expected Chevys retail sales of up to 26 percent in the first half. These include profits by 42 percent for cars and 16 percent for trucks.


GM said Chevy on the way to sell 80,000 more cars and 40,000 was more trucks through the first six months than a year ago.


The mark ' Chevy ' has almost one percentage point in the retail market share by April-the latest time won, said the number of GM, citing Polk data are available. Cars are up 1.1 percentage points and trucks up to 0.7 points.


Copyright 2011 Thomson Reuters.

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