Saturday, May 6, 2017

General Motors Sales.







General Motors (GM), sales broke the record of sales in the first quarter, even with the low demand in the two largest market sales, U.S and China. GM profits rely on pickup trucks and SUV’s even with the hard effort on producing cars that can compete with Asian motors. General Motors has increased their income up to 2.6 billion and that helped the company of proceeding their car’s production. North America is GM’s target to generate its profit, with consideration of General motor slipped price through the past years. Nevertheless, people prefer used car as a cheaper option, which was one of the reason of GM’s low demand, which led GM to cut back in production and lays off more than 4000 worker. On the other hand, GM’s profit went low 5% in China because of the Tax decreasing on smaller car by the government, though, GM kept in selling a better in mix pricing of vehicles, which was up to $500 million. Furthermore, GM’s suffer losses in Europe and South America, with the expectation of improving their sales in Brazil. General Analysis concern about General Motors sales and they expect its profit to proceed declining in coming years. Therefore, GM might cut down their production later this year if the consumers demand proceed in declining.

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