Jul 1, 2011
General Motors (NYSE:GM) dealers in the United States reported 215,358 total sales in June, an 11% gain compared to June 2010. The company said the achievement was the result of continued solid retail demand for the company's wide selection of fuel-efficient vehicles. Retail sales for GM's brands rose 16% for the month, compared to a year ago, and were 4% higher than May
Don Johnson, vice president, U.S. Sales Operations said, "With continued strong consumer demand for GM's fuel-efficient vehicles, June was another solid month for us. The month caps a successful first half of 2011 for us in the U.S. market - our sales are up and we've gained share profitably."
During the first half of 2011, GM dealers in the United States detailed that 1,261,633 vehicles were sold.
General Motors (NYSE:GM) has a potential upside of 43.2% based on a current price of $30.4 and an average consensus analyst price target of $43.55.
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