General Motors Third-Quarter Sales Rise 6.3%, Led by GMC and Buick
General Motors (GM) - Get General Motors Company Report reported that third-quarter sales rose 6.3% from a year earlier to 738,638 vehicles, led by the GMC and Buick brands.
At GMC, sales were 11% higher, led by a 51% rise in sales of the Acadia crossover and a 38% rise for the Sierra LD truck.
Buick sales in total rose 10%. Noteworthy among them: the Envision crossover, up 39%, and the Encore small SUV, up 19%.
Chevrolet sales rose 4.6% overall. The biggest selling model -- at Chevy and in the GM lineup -- was the Silverado LD four-door double-cab pickup, up 18% to nearly 120,000 units.
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The Chevy Equinox crossover rose 2.3% to nearly 80,000 units. The Trax subcompact crossover SUV rose 82% while sales of the Cruze compact car fell a similar percentage.
The Chevy Bolt electric subcompact hatchback added 22% to 4,800 units.
Cadillac sales rose 7.2% overall.
GM shares on Wednesday were trading off 3.5% at $34.86. The company is in day 17 of a strike by its 46,000 workers who are members of the United Auto Workers union.
- Ford Third-Quarter Sales Drop 4.9% but Still Exceed Analyst Estimates
- Fiat Chrysler Reports Three Different Brands With Third-Quarter Volume Records
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