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GM sales rise 26% in Mideast region
Published in The Saudi Gazette on 13 - 01 - 2011

JEDDAH: General Motors Middle East logged vehicles sales of 38,450 in the fourth quarter of 2010 - up 26.2 percent compared to the same quarter in 2009. The strong finish to 2010 was boosted by record-breaking sales in December of 17,236 vehicles, a 42 percent increase on December 2009 that also surpassed the previous monthly record of 16,308 units that had stood since December 2006.
Total year-on-year vehicles sales at GM Middle East in 2010 increased 5.5 percent to 123,258.
GM Middle East's impressive fourth quarter sales were due to strong sales growth across all three brands sold in the region. Chevrolet recorded impressive year-on-year sales growth of 31.2 percent in the fourth quarter of 2010. Cadillac witnessed a 46.7 percent surge in sales, while GMC grew by 23.3 percent. Year-on-year sales of Chevrolet increased by 9.2 percent due to strong sales of recent launched models - the Cruze, Malibu, Traverse and Camaro. Cadillac registered growth of 26 percent over the same period boosted by sales of the SRX, while sales of GMC remained flat over the year although the GMC Sierra, Yukon and Yukon XL recorded strong sales growth.
GM Middle East's two largest markets, Saudi Arabia and Iraq, both delivered outstanding growth. In Saudi Arabia, year-on-year GM vehicle sales were up 28.4 percent in the fourth quarter and up 7 percent for the calendar year.


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