General Motors Again World’s Largest Automaker
General Motors has once again been named the world's largest automaker for the first time since 2007. GM moved more than 9 million vehicles in a twelve-month period, most of which were in China. In fact, GM sold more vehicles in China than in the United States. GM's stated intention is to continue impressive growth in China as an international leader in car manufacturing. Scroll down to learn more.
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UPDATED: Jul 14, 2021
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General Motors reported final results for their 2011 sales yesterday, and it looks certain they are once again the largest automaker in the world. For the first time since 2007, GM moved more than 9 million vehicles in a twelve-month period. This is a significant change from the struggling company that needed a boost from the government.
While there may be mixed feelings, a larger market share for GM is good for the economy. It means more jobs for American workers at many levels. While GM is almost there, their place as the top dog isn’t entirely locked in.
Could Toyota Unseat GM as The Top Auto Seller?
We say almost certain since Toyota hasn’t revealed their final numbers for 2011. The company did estimate they’d fall in line with a decrease of 6 percent, coming in at a projected 7.9 million. Toyota struggled in the United States for much of the year, with falling sales month after month.
In fact, if Toyota’s estimate is correct, they’ll fall three spots to the fourth-largest automaker. Volkswagen reported sales of 8.16 million cars, while the Renault/Nissan joint venture took the bronze with 8.03 million autos sold.
What’s particularly amazing to us is that GM sold more vehicles in China than they did in the United States. With an 8.3 percent rise in sales year over year, GM moved 2.55 million vehicles in China.
While sales in the United States saw a more impressive rise of 13 percent year over year, they came in below results from China, with just 2.5 million domestically.
GM’s stated intention is to continue impressive growth in China, and the company has offered rosy forecasts of up to 5 million vehicles sold annually in China by 2015.
Even better, GM is profitable. The company has posted three-quarters of earnings, with more than seven billion in profit. The company should add to that already impressive total when they report Q4 results in February.
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How Are Insurance Rates on GM Cars?
GM has run promotions offering customers a year of free insurance if they buy a new car. Of course, there are risks to this. For one thing, if you cancel your current policy, you’ll lose loyalty discounts. Some industry leaders also raised issues about general market forces being ignored. An insurance agency has to consider things like driving record, age, and other risk factors to charge appropriately and continue to insure many people at once.
With many safety features, new GM cars often come with competitive insurance rates in the United States market. Vehicle owners enjoy comfort, safety, and savings in one. If you have a new GM car, see the difference for yourself by getting quotes today.