Cars and Drivers

GM Automobile Sales at Five-Year High

2013-Cadillac-CTScoupe
Source: courtesy of General Motors
Automaker General Motors Co. (NYSE: GM) said today that June automobile sales rose 6.5% this year, compared with June of 2012. The company sold a total of 264,843 vehicles in June, more than 29,000 higher than total June sales at Ford Motor Co. (NYSE: F), which reported sales earlier today.

Auto industry website Edmunds.com expects sales from all automakers to rise by about 6.5% month over month to a seasonally adjusted annual rate of 15.4 million vehicles.

GM’s Cadillac division posted a sales jump of 33.2% year over year, and Chevrolet sales of mini, small and compact cars rose 66%.

Year to date, GM’s total sales are up 8% and retail sales are up 10.6%. Fleet sales are down 4.7% month over month and 1.7% year to date.

At Toyota Motor Corp. (NYSE: TM), U.S. sales rose 14% year over year in June to 195,235 vehicles, down from May’s total of 207,952. The carmaker also noted that it has now sold 10 million of its Camry models in the United States, accounting for nearly 20% of the company’s total sales in the 30 years Toyota has sold cars in the U.S.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.