Is Toyota up because of over 22% down sales in China in Nov,
The good part about the monthly sales report was that GM’s car sales were up almost 19%, led by Chevrolet Cruze which was up 27%. The much maligned Volt was up 33% as well. Overall, combined sales of mini, small and compact cars were up 51%.
Moreover, Cadillac sales surged 30% to 14,517 units. Sales through November are still marginally down, but they have only accelerated after the introduction of the ATS and XTS so we are likely to see the momentum carry over into 2013 as well. GM has big plans to push the Cadillac and double its sales in the next three years. Luxury vehicles have wider margins so if the trend continues, the company’s profitability will certainly benefit.