GM's January Sales Slightly Outperform the Industry; Strong Cadillac Mix Is a Good Sign
Automakers started U.S. sales reporting with January’s results on Feb. 1. January is often the weakest month of the year because of its timing after Christmas and winter weather, so we will reserve passing opinion on how the year is progressing until after March’s results. For 2018 we expect sales in the range of 16.6 million-16.8 million because we anticipate leasing penetration to decline as automakers will not want to take on more residual value risk in a declining used vehicle price environm...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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