General Motors Touts Chevrolet Gains in Reporting Dip in November Sales
Carmaker reports 2.9 percent slide in November car sales.
General Motors on Friday reported sales fell 2.9 percent in November, with the Cadillac brand especially hard hit, down 13 percent.
The GMC truck and SUV brand also had a soft month, with shipments declining 5.8 percent.
The company said Chevrolet crossovers were up 16 percent, driven by a 59 percent increase for the Traverse, which had its best November ever.
GM projected an industry selling rate of 17.4 million for November. However, a final tally won't be known until Monday because of a postponement by Nissan, which said the release of its results was delayed because of a system outage.
Based on initial numbers, Nissan said it anticipates U.S. sales would be up 14 percent.
GM took an upbeat approach to the final month of the year, noting that more vehicles are sold in December than any other month, and adding it's well-positioned because of its momentum in multiple segments, "but especially crossovers," said Kurt McNeil, U.S. vice president of sales operations.
“When we close the books on 2017, GM will show very healthy inventory levels, significantly lower daily rental sales for the third year in row, and the best year in our history for crossover deliveries,” McNeil predicted in a news release.