GM's First-Quarter Sales Show Improved Pricing and Robust Crew Cab Pickup Growth
Automakers' March U.S. sales show a continued year-over-year slowdown for 2019. March industry sales fell 3.1% versus March 2018, but we calculate a 0.5% increase adjusting for one less selling day. The seasonally adjusted annualized selling rate was healthy at 17.42 million versus 17.33 million in March 2018. First-quarter sales declined 3.2%, but we calculate it fell 2% adjusting for selling days. We still look for a high 16 million unit sales year due to automakers wisely pulling back on leas...General Motors designs, builds and sells trucks, crossovers, cars and automobile parts. The company also provides automotive financing services through its subsidiary, General Motors Financial Company, Inc. (GM Financial). GM Financial provides retail loan and lease lending across the credit spectrum. GM Financial provides commercial lending products to dealers including new and used vehicle inventory floorplan financing and dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, and to purchase and/or finance dealership real estate. Other commercial lending products include financing for parts and accessories, dealer fleets and storage centers.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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