GM, Toyota U.S. Sales Top Estimates in May as Housing Recovers
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General Motors Co. posted its best month of U.S. auto sales since before the collapse of Lehman Brothers, joining other automakers reporting deliveries in May that exceeded analysts’ estimates on demand for pickups and sport-utility vehicles.
GM’s sales, helped by redesigned Chevrolet Silverado pickups and Cadillac Escalade SUVs, rose 13 percent to 284,694, the Detroit-based automaker said today in an e-mailed statement. That beats a 6.4 percent increase projected by the average of analyst estimates, showing that consumers weren’t scared off by recent small-car recalls.