Strong December boosts General Motors' sales in the Middle East by 13%
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Wed January 18, 2012 11:28 am

UAE. After posting the best sales month of the year in December, GM’s dealers in the Middle East reported total sales of 139,431 vehicles for 2011 - up 13 percent compared to 2010.
 
The impressive sales performance was the result of robust sales throughout the region for the company’s line-up of passenger cars, crossovers, sport utility vehicles (SUVs) and pickups across the Chevrolet, GMC and Cadillac brands.
 
In 2011, sales of GM’s passenger cars increased by 8 percent, crossovers recorded 23 percent sales growth, sales of SUVs were up 21 percent, while GM’s pickups registered a 14 percent sales gain.
 
Newly launched vehicles contributed to GM’s sales growth. Combined sales of the Chevrolet Captiva, Camaro, Cruze and Traverse; the GMC Terrain; and the Cadillac SRX and CTS Coupe increased by 23 percent in 2011.
 
Sales of GM Middle East’s three brands all recorded strong growth in the region. Chevrolet sales were up 16 percent, GMC posted a 10 percent gain, while Cadillac registered 8 percent growth.
 
Retail sales, those to individual customers, increased by 44 percent in 2011 compared to the previous year. Retail sales represented a healthy 71 percent of total sales in 2011 - compared to 56 percent in 2010.
 
Highlights for the year include a 69 percent year-over-year sales increase of the Chevrolet Silverado, a 43 percent sales gain for the Chevrolet Tahoe, a 41 percent increase for the Chevrolet Captiva and a 36 percent uplift for the Chevrolet Traverse.
 
Other highlights include double-digit sales growth for the GMC Yukon and Yukon XL; the Chevrolet Cruze, Malibu and Suburban; and the Cadillac CTS and SRX.
 
“In 2011 we faced some serious challenges. Yet, by offering award winning products with strong emphasis on our customer service, we were able to overcome these obstacles and significantly grow our sales,” said John Stadwick, President and Managing Director of GM Middle East Operations.
 
“Our outlook for 2012 is very positive. We believe that the Middle East is set to become one of the world’s fastest growing automotive markets and we are well placed to capitalize on this growth. With six new vehicles planned for launch in 2012 and a strong investment program in new dealer facilities and training, we anticipate 2012 will be another successful year for GM Middle East,” added Stadwick.
 
About General Motors
 
General Motors (NYSE: GM, TSX: GMM), one of the world’s largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 208,000 people in every major region of the world and does business in more than 120 countries. 

GM and its strategic partners produce cars and trucks in 30 countries, and sell and service these vehicles through the following brands: Baojun, Buick, Cadillac, Chevrolet, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling.

The Global Chevrolet brand is celebrating its 100thbirthday in 2011. GM’s largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, and Italy. 

More information on the new General Motors can be found at www.gm.com.
 
In the Middle East since the 1920s, General Motor’s vehicle brands sold in the region are Cadillac, Chevrolet, and GMC supported by a unique set of customer-focused services. GM parts and accessories are sold under the GM Parts and ACDelco brands. The regional office in Dubai covers the company’s operations in Bahrain, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, UAE and Yemen.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 2, 2014
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
date:Posted: October 1, 2014
UAE. The UAE took part last week in U.S.-led airstrikes against Islamic State; Gulf Arabs regard Islamist groups as an existential challenge to their thriving economies and monarchies.
date:Posted: October 1, 2014
INTERNATIONAL. The Constitutional Court will keep challenging EU attempts at federalization and the Bundesbank will keep criticizing every measure that would reduce German sovereignty.
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
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