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General Motor Q3 sales jump 21pct in Mideast
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Monday, 24 Oct 2011
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General Motors Middle East has announced that the company continued to maintain a double digit growth for the 12th consecutive month in September. Last month concluded a successful Q3 for the US auto maker as its dealers in the region reported total sales of 9,853 vehicles in the month an increase of 13% over September last year.

Mr John Stadwick president and MD of General Motors Middle East Operations said that “September capped an outstanding 12 months for GM Middle East. The strong performance in September represents the 12th consecutive month of double digit sales growth for GM Middle East a record that stretches back to October 2010.”

Mr Stadwick said that to achieve 12 consecutive months of double-digit growth and to increase Q3 sales by 21% is an incredible achievement. It is testament to the investment we and our dealer partners are making to ensure we introduce the very best vehicles to the region combined with an unrivalled customer experience.

For the Q3 2011, GM Middle East reported total sales of 35,565 vehicles up 21% compared to the same quarter in 2010. The sales growth was recorded throughout the region for the company’s line up of passenger cars, crossovers, sport utility vehicles and pickups across its three brands: Chevrolet, GMC and Cadillac.

Total sales of Chevrolet in the Q3 rose by 21% YoY while sales of GMC experienced a 28% increase. Meanwhile, Cadillac’s Q3 sales grew by 32%. Retail sales purchases made by individual customers rose by 43% during the Q3 and represented a healthy 73% of total sales.

September sales figures contributed to year to date total sales growth of 22% for the first 9 months of 2011 compared to the same period in 2010. Total sales of GM passenger cars grew by 8% during the Q3 of 2011. The gain was driven by sales of Chevrolet Optra which were up 55% compared to the same period in 2010, the Caprice and the Malibu. Sales of the Cadillac CTS rose 43% spurred by strong demand for the CTS Coupe.

(Sourced from khaleejtimes.com)

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