Is General Motors Worth Investing In?
T = Trends for a Stock’s Movement
General Motors designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, as well as under the Alpheon, Jiefang, Baojun, and Wuling brand names. It sells cars and trucks to dealers for consumer retail sales as well as to fleet customers in daily rental car companies, commercial fleet customers, leasing companies, and governments.
General Motors shares were down 0.8 percent, after the firm released the best November sales results in six years. GM reported car sales were 212,060, up 13.7 percent in November, compared to a year earlier. The car company’s GMC brand saw a 19.8 percent increase with 35,727 total sales. Chevrolet sales were up 12.6 percent with 145,089 in total sales for the month. Buick car sales were 15,072, up 13.4 percent and Cadillac sales were 16,172, up 11.4 percent. “November sales were strong at all four of our brands, and demand was robust for everything from cars to crossovers to the industry’s newest and best full-size pickups,” said Kurt McNeil, GM vice president of U.S. sales operations.