General Motors Corp. sales dropped 11% in the U.S. market last month compared to November 2006, the company announced today.
GM’s U.S. dealers sold 263,654 cars and trucks last month.
Bright spots for the automaker include a 40% increase in the Chevrolet Malibu retail sales. The launch of the new CTS helped Cadillac car sales increase 15%.
“Integral to our strategy is to grow our share in the key car segments. The retail performance, especially from the new Chevrolet Malibu and Cadillac CTS, demonstrates the enthusiasm customers have for these outstanding new vehicles,” Mark LaNeve, GM North America vice president for vehicle sales, service and marketing, said in a statement. “The recognition of the 2008 CTS as Motor Trend’s Car of the Year reinforces what we are hearing from customers about this phenomenal car. And, not to be outdone, the new Malibu is flying off dealer lots.”
The three top Japanese automakers all posted small gains in November, giving each a record for the month. Rival Ford Motor Co. also showed a small gain in November — its first increase after 12 months of declines. Chrysler LLC sales declined slightly.
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