NEW YORK (TheStreet) -- Shares of General Motors Co. (GM) are up 0.82% to $34.88 as analysts at automotive resource sites Edmunds.com and Kelley Blue Book (KBB) see year-over-year sales growth increasing this December by 13.9% and 6.9%, respectively.
Edmunds.com estimates General Motors to sell 262,191 vehicles this month, while KBB expects about 246,000.
"Many factors have helped car sales recently," says Edmunds.com senior analyst Jessica Caldwell. "Low gas prices, a record stock market and the improving economy are making people feel more financially comfortable, and even the weather has cooperated, for the most part."
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Total sales for major manufacturers in 2014 are expected to total approximately 16,470,000 units, representing a 5.8% increase from last year, making this the best year for auto sales since 2006, KBB said.
Separately, TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."