GM Sales up 22% in Latin America, Africa and the Middle East

[thegriffon]

GM Sales up 22% in Latin America, Africa and the Middle East

GM LAAM sales increase sets all-time quarterly sales record, 12th consecutive quarter of record sales, Best Q3 market share since 1997

Miramar, FL - General Motors Latin America, Africa & Middle East (GM LAAM) region set an all-time quarterly sales record in Q3 2007, selling over 329,000 vehicles, up 59,000 units over the same period last year. In addition, GM’s quarterly market share in the region increased to 17.5 percent, representing the best Q3 share since 1997.

Through the first three quarters of 2007, GM LAAM has sold 894,000 vehicles, up 20 percent over the same period last year.

Maureen Kempston Darkes, GM group vice president and president of GM LAAM said, “LAAM is on the way to surpassing last year’s annual record volume. These results are contributing to the Corporation’s goals in the rapidly growing emerging markets.”

Latin America played a key role in GM LAAM’s record-breaking quarter. All-time quarterly sales volume records were set by GM in Brazil, Colombia, Egypt and Venezuela. In addition, Argentina set a Q3 sales record. LAAM Q3 sales represent the twelfth consecutive quarter of record sales.

GM sales in the region were led by key Chevrolet vehicles, such as the Corsa, Celta and Aveo, which together represented 38 percent of the quarterly volume.

Key Q3 launch vehicles – all Chevrolet – for the region included the Captiva, Epica and Tahoe for Colombia; the Vectra GT hatchback for Brazil; and the Captiva for South Africa. The Captiva provides South Africa an opportunity to further increase its product offerings in the SUV segment, following the introduction of the Cadillac SRX and Hummer H3 earlier this year.

[trev0006]

they should be doing this in the United States also.

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Edited June 26, 2008 by trev0006

[Drew Dowdell]

Wait.... they introed the SRX... now? The thing has like 2 years left.

[CARBIZ]

they should be doing this in the United States also.

....but Japan Inc. does not take the same interest in South America as they do here. After all, if they successfully kill off Detroit, then Europe and South America will be theirs by default.

While GM and Ford have maintained steady growth everywhere EXCEPT North America, is it any wonder, considering the frontal assault that Japan Inc has employed for the past 20 years? Remember that Japan Inc did the same thing in the electronics business in the '60s and '70s, successfully killing off the TV and electronics business here in about 15 years. It has taken longer with Detroit, but they seem to unerringly be accomplishing the same thing.

Are Japanese cars sold in North America superior to what they sell elsewhere in the world? No. Why is it that nowhere else in the world, except North America, do the Japanese enjoy such stellar sales? In Europe and South America none of the Japanese companies are even in the top 5 or 6 in sales.

[gm4life]

The SRX is a nice vehicle. Yes it might be getting long in the tooth but still nice!