General Motors Reports Increase In Global Sales, Strong U.S. Sales From Chevrolet
General Motors reported an increase in global sales for the third year in a row. Global sales, amounting to 9.8 million vehicles sold in 2015, increased 0.2%. Cadillac sales grew 8% globally, largely driven by sales in China. Total U.S. sales were up 5%, due to sales from vehicles such as the Chevrolet Silverado and Colorado. "GM continued to grow in 2015 as our focus on the customer and successful new vehicle launches more than offset the challenging conditions in South America and the curtailment of our presence in certain markets such as Russia," said GM President Dan Ammann in a press release. Shares of General Motors have fallen 13.5% year to date, compared to the S&P 500's decline of 9%.
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