- General Motors (GM +1.1%) appears to have picked up market share in the U.S. with several automakers falling short of analyst estimates for October sales, while GM boosted retail sales by 16% and saw pickups and SUVs sell well.
- The automaker didn't push up sales tallies with increased promotions, according to data from TrueCar. Average transaction prices were up 7% during the month to a record $34,672.
- If there is a nitpick, it's in the large jump in inventory as the industry calls cars sitting on a lot a "sale" which can lead to channel stuffing. Execs with GM have noted in the past that inventory levels can be "lumpy" and longer term trends need to be watched.
GM "sold" well in October without hiking promotions
Nov 1 2013, 14:32 ET