Ford Motor Company (F): General Motors Company (GM)’s Strong August Pushes SAAR towards 16 million

“The second half of 2013 is off to a very solid start for General Motors Company (NYSE:GM) and our model-year change over and new product launches are going smoothly,” said Kurt McNeil, vice president, U.S. sales operations, in a General Motors Company (NYSE:GM) press release. “We have a lot of momentum and we feel good about the direction of the U.S. economy as we prepare to launch even more new products, including all-new heavy duty pickups and large SUVs for Chevrolet and GMC, a completely redesigned Cadillac CTS and the Chevrolet Corvette Stingray.”

Let the good times roll
August was the best sales month for GM this year and the best since September 2008. GM looks to keep the momentum building as it continues its largest portfolio refresh in company history. Consider that by 2016 GM will have replaced, refreshed or redesigned 90% of its vehicles – a huge turnaround for what was the industry’s oldest vehicle portfolio.

General Motors Company (NYSE:GM)’s management expects this level of sales to be sustainable in the U.S. as pent-up demand continues to bring consumers into dealerships. Even with automotive sales increasing to their highest levels in nearly five years, it hasn’t put a dent in the average age of vehicles, which recently hit 11.4 years, an all-time high. As vehicle sales continue to rebound in the U.S., and GM improves its operations to increase profitability, the company remains a solid investment option at today’s price.

The article GM’s Strong August Pushes SAAR towards 16 million originally appeared on Fool.com and is written by Daniel Miller.

Fool contributor Daniel Miller owns shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

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