'GM Goes Up On Other Regions'

GM Goes Up On Other Regions

By Tony Stark at 07/15/08 06:19

For a couple of weeks now, GM's car sales in the United States market are going down. Various American market shows a decrease in the sales of the GM cars. Obviously this is still due to hesitant buyers because of the continuously increasing price of fuel in the world market.

Although down in their US sales, GM is still getting a pumped up in other regions. The Chinese market prove to be a very profitable region for GM to sell their cars. The growing Chinese economy is a vital part to keep GM and other car makers to stay on the top. Ford have also increased their sales in China.

China's fast growth enabled many poor citizens to ascend to middle class, which is a very good sign for American automakers. Their cars are selling like hot cakes in the Chinese region. The Chinese people's longing to be a bit westernized makes them go for the American made cars than their own products.

GM have also expressed their gratitude for the African and Latin American people. These two regions is also giving GM a thumbs up for the first quarter of the year.

Africa, Middle East and Latin America is showing great support for American car makers especially for GM. From 0.7% last year's first quarter to 17.5% growth for this year is obviously a great improvement for the company, showing the other part of America is still making the GM company a good choice for cars. In Middle East, GM recorded a whopping 19% increase as compared to last year's first quarter. Looks like the oil capital of the world is favoring the American company over the other.

Apparently, these increased in sales are still not enough to cover the losses GM is having in the US market. The vast figures of loss is hard to live by, but we hope GM will do good in the coming months.

Name:     (required)
Email:    (required, not published)
Comment: