GM expects non-U.S. sales to increase to 60-percent

5 May 2007 Filed under: Earnings/Financials View: 1

General Motors' analysts predict that the automaker will sell approximately 9.2 million vehicles worldwide this year. According to Rick Wagoner, over 60-percent of those vehicles will be sold outside the U.S. market.

That percentage has already been reached in the first quarter of 2007, primarily stoked by the increase in sales to China, a market that has no where to go but up.

GM hopes that their current sales trajectory will soldier forward, but not at the expense of market share at home. Considering that the General sold 9.55 million vehicles in 1978 – its best year ever – the automaker is hoping to relive past glories in 2007. Whether its turnaround is fueled by Stateside sales or those garnered in foreign markets is irrelevant, but GM hopes that things won't get worse on its home turf.

[Source: Detroit News]

Tags: home turf, rick wagoner, million vehicles, s sales, s market, automaker, current sales, foreign markets, detroit news, trajectory, general motors, market share, first quarter, gm, turnaround, soldier, china

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