Forecast: General Motors’ October sales to rise

General Motors Company is looking forward to its October vehicles sales rising compared to a year earlier, the first increase for the automaker in 21 months. Mike DiGiovanni, GM’s director of global market analysis, and Susan Docherty, GM vice president of U.S. sales, announced the forecast today during a conference call.

Official October sales will be announced Tuesday.

GM sales have dropped 45 percent last month and have fallen 36.4 percent this year.

About 95 percent of total GM sales came from Cadillac, Chevrolet Buick and GMC. A year ago, only 85 percent of the total sales came from the four core brands.

GM came out of bankruptcy on July 10 after receiving $50 billion in federal loans. The Detroit automaker is still in the process of dropping Hummer, Pontiac Saab and Saturn.

– By: Stephen Calogera

Source: Detroit News