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Things aren’t all doom and gloom for U.S. automakers. General Motors is predicting a gain in market share for the fourth straight month.
After emerging from bankruptcy, GM has seen its share of U.S. auto sales steadily increase over the past few months. In July GM stood at 18.6 percent, it has steadily gained ground to reach 21.1 percent in October. Mike DiGiovanni, GM’s chief sales analyst, expects November to be yet another market gaining month. “We’re having a solid month,” DiGiovanni said of November sales.
GM plans to further boost its sales figures by closely monitoring inventory and keeping incentives under control. The automaker currently sits on a 75-day supply of inventory. Much of the supply is remaining Pontiac and Saturn vehicles, which make up a combined 17,000 units.
J.D. Power and Associates predicts a .4-percent increase over last year’s November sales despite two less shopping days. J.D. Power is forecasting 10.4 million vehicle sales in the U.S. for 2009 and expecting 11.5 million sales for 2010.
Source: Automotive News
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