At last! GM has posted a good sales this october . the GM has reported an increase of sales by 3.5%. The GM has been trailing for long time behind smaller rivals.This is regarded as the most positive news in the slow moving recovery of the sector.
This NEWS has come at a very right time when Gm has planned for an IPO to improve financial position.GM also added it’s sales have improved by 12.8% for it’s brands such as chevrolet,buick,cadillac,gmc.
The auto sales were down to an historical low in 2009 during the recession hit period.The automakers expect a increase in overall sales this fiscal.
This NEWS is a big positive to the overall industry. the GM cheif adds”they don’t expect a double dip in the sales”.He also adds “the consumers have hold on longer to their cars than the last shift of usage by the users “.
hope GM holds on to it’s success longer