General Motors Company (GM) Beats Estimates as Pickup Sales Soar

Sales of the full-sized Impala were roughly flat vs. last year’s totals, but that hides a nice success story. Last year’s sales were of the outgoing model, a dated car that sold largely to fleets. The new Impala is a much nicer (and much more profitable) product, and General Motors Company (NYSE:GM)has emphasized retail sales with success: Retail sales of the Impala were up 62% over last June’s totals.

General Motors Company (NYSE:GM) is also seeing more and more success with its Cadillac and Buick brands, as more of its much-improved new products hit dealers and gather steam in the marketplace. That’s a story we’re likely to be hearing again and again over the next year and a half, as GM’s long-awaited new-product offensive has now shifted into high gear — and GM’s bottom line should show the results over the next few quarters.

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