According to an official release from General Motors, total U.S. sales of vehicles from its four major brands in June 2010, stood at 194,828 units, marking the sixth straight month of increases. Many analysts cite recovering demand in the pickup and SUV markets as a prime factor in the sales increases and according to GM’s Vice President of Sales Operations Don Johnson (no, not that one), combined sales of the popular Chevy Silverado and GMC Sierra 1500 pickups, as well as the Chevy Avalanche were up 27 percent versus June 2009.
“As companies continue to invest in their business, we expect this segment to continue to recover,” stated Johnson. “We think that the release of some pent-up demand in the pickup market is indicative that a fundamental part of the US economy is strengthening.”
Besides these vehicles, the compact Chevy Equinox and GMC Terrain crossover utilities continue to be hot sellers. GM reported 16,093 deliveries of these vehicles for the month of June, which according to the company’s year-to-date findings, represents a 193 percent increase over 2009. Month end total vehicle dealer inventory for June in the U.S., stood at approximately 438,000 units, about 30,000 higher than the previous month, but 144,000 less than the same time last year.
The U.S., along with much of Western Europe is experiencing a slow and somewhat painful economic recovery after the virtual collapse of the banking sector in 2008. Although there are signs that optimism is growing among consumers, many auto manufacturers, including GM are still using major sales incentives to move many models off dealer lots.