GM Posts Gains in Global Sales Market Share

GM Posts Gains in Global Sales, Market Share

A strong performance in North America spurred the results as sales climbed 8.2% to 761,616 vehicles and GM's share increased 0.4 point to 17.1%.

CHICAGO -- General Motors (IW 500/4) on Tuesday posted solid gains in both its global sales and market share in the first quarter of 2013.

Global sales grew 3.6% to nearly 2.4 million vehicles as GM's share of the industry increased 0.2 point to 11.4%, the largest U.S. automaker said.

A strong performance in North America spurred the results as sales climbed 8.2% to 761,616 vehicles and GM's share increased 0.4 point to 17.1%.

Growth was also strong in Asia, Africa and the Middle East where sales increased 6.9% to 992,234 vehicles, pushing GM's share up 0.2 point to 9.6%.

GM managed to expand its share in Europe by 0.1 point to 8.3% even as sales shrank 6.4% to 372,634 vehicles amid an industry-wide downturn in the recession-riddled bloc.

Its South American operations were troubled, however, as sales fell 5.3% to 234,474 vehicles and GM's share shrank by 0.9 point to 17.2%.

Copyright Agence France-Presse, 2013

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