General MotorsGeneral Motors (GM), fresh off its initial public offering, reported today that November sales rose 11.4% compared to the same month a year ago. Among its four core brands, Buick, Cadillac, GMC and Chevrolet, GM said sales rose nearly 21%. For the month, GM reported it sold 168,739 vehicles, up from 151,427 a year ago.

The Detroit automaker, the nation's largest, said steady sales across all its division and vehicle types -- cars, trucks and utility vehicles -- drove sales for the month, with continued strong demand for its line of crossover vehicles, which include the Chevrolet Equinox and Cadillac SRX.

"Each brand came to the party in November," said Don Johnson, vice president of U.S. sales, in a statement. "These results show that our brands continue to gain momentum with consumers who want stylish, fuel-efficient vehicles."

Within its divisions, GM said Buick sales increased the most on a percentage basis, up 36% for the month, compared to November 2009. Demand for the recently redesigned Buick LaCrosse sedan remains strong with sales up 20%, said Jim Bunnell, GM's general manager for dealer networks and sales support, in a conference call with investors and media shortly after sales results were released.

A Solid Year So Far

GM's luxury division, Cadillac, and its truck brand, GMC, saw sales rise 21% and 29%, respectively, compared to a year ago. Among standout performers, GM said the Cadillac CTS sedan and SRX crossover each saw gains of at least 35%. At GMC, the midsize Terrain crossover proved popular, with sales advancing 60% compared to last year.

At Chevrolet, by far GM's largest division, overall sales grew 17.6% on strong demand for Equinox and Traverse crossovers and the Impala full-size sedan. Sales of the unit's line of pickup trucks rose 16%, but those of the popular Malibu midsized sedan advanced just 4.8%.

With just one month left in the year, GM said its sales so far in 2010 are up 6% overall, with Chevrolet, Buick, GMC and Cadillac sales up 22%.

Despite stubbornly high unemployment and a depressed housing market, positive signs continue to emerge for the auto industry, Bunnell said during his comments. As the nation's fleet of vehicles ages and consumers remain cautious, pent-up demand continues to build, he said, indicating that sales could slowly pick up in the coming months as the economy improves.

GM was the first of the nation's large automakers to release November sales results Wednesday. Ford Motor (F), Chrysler Group, Toyota Motor (TM) and other manufacturers will release data later in the day.

On Tuesday, GM unveiled the final production version of the Chevrolet Volt plug-in hybrid, which will begin hitting dealer showrooms in seven selected markets this month. Priced at $41,000 before federal rebates, the Volt has already racked up several industry awards including Motor Trend magazine's Car of the Year.

Shares of GM, which began trading two weeks ago, were higher in Wednesday trading. The stock was up nearly 2% at about 11 a.m. ET, to $34.80 a share.

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mikfete58

...but NO ONE is buying the new Chevy Cruze. Soon, the government will buy them to use as "government vehicles" and to make sales rise. And, the government STILL owns GM, so it will be like Quanitative Easing # 3. After all, Quantitative Easing # 2 is just the FED buying up toxic bonds that the government ALSO owns!

December 02 2010 at 2:17 AM Report abuse +1 rate up rate down Reply
crimson00king

The GOP has resorted to extortion in order to get their tax breaks for the rich. To vote down unemployment extentions until they get their tax breaks is shameful behavior even for a Republican. Contact your senators your congressmen and the White House by e-mail or phone it only takes mins. tell them NO EXTENTION ON TAX BREAKS FOR THE RICH PERIOD.

December 01 2010 at 3:28 PM Report abuse rate up rate down Reply
1 reply to crimson00king's comment
mikfete58

...and you probably also think that a DEMOCRATICALLY CONTROLLED HOUSE AND SENATE did NOT vote down the unemployment extension?! They ARE the majority!!!

December 02 2010 at 2:24 AM Report abuse +1 rate up rate down Reply
xrh74s

Another propaganda manipulation to HYPE and TRAP investors into the market.

December 01 2010 at 2:48 PM Report abuse -1 rate up rate down Reply
rgkarasiewicz

Real Statistics: GM vehicle sales for November fell 8.17% from October while Ford vehicle sales fell 6.7% from October.

December 01 2010 at 1:34 PM Report abuse rate up rate down Reply
rgkarasiewicz

GM vehicle sales for Novemeber may have rose 11.4% from last year, but actually fell 8.17% from October.

December 01 2010 at 12:57 PM Report abuse rate up rate down Reply
scottr971

What people does GM think are buy these cars, there are no jobs and the ones that are out are going to be paying for new cars but food and housing, last time I check a car is not a house nor can you eat it

December 01 2010 at 12:34 PM Report abuse +1 rate up rate down Reply
mtw1998

Up 11% from one of its' worst months ever. Great news.

December 01 2010 at 12:09 PM Report abuse +1 rate up rate down Reply
marine1942

A lot of these cars are parked around Washington D.C. Wonder why ??

December 01 2010 at 11:54 AM Report abuse rate up rate down Reply
3 replies to marine1942's comment