Crossover SUVs Gave General Motors Another Sales Boost
General Motors (NYSE: GM) said that its U.S. sales fell 2.2% in October, as solid year-over-year sales growth for its truck and SUV lineups wasn't enough to offset a significant decline in sales of sedan models.
That fell short of the overall U.S. light-vehicle market's 1.3% year-over-year decline. It also fell short of Wall Street's expectations, though not by a lot: Analysts polled by Bloomberg had expected GM's sales to decline by 1.5% year over year, on average.
All that said, from an investor's perspective, it was still a pretty good month for GM.
Source: Fool.com
General Motors Corp Stock
€41.62
-0.380%
Currently there is a rather positive sentiment for General Motors Corp with 32 Buy predictions and 5 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 10.54% for General Motors Corp compared to the current price of 41.62 €.
