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According to the number-crunchers over at Edmunds.com, things are looking up for General Motors in the month of October. If preliminary figures hold up, The General's market share should come in at 22.4 percent, a notable gain from the 19.1 percent share the automaker averaged throughout the third quarter of 2009.

Driving this newfound marketplace success is thought to be GM's recent abundance of new product launches, which include important models like the Buick LaCrosse and Cadillac SRX along with the Equinox and Camaro from Chevrolet. GM has received mostly favorable reviews on each of these vehicles and has invested money into advertising and media campaigns.

Still, maintaining the measure of success seen over the last month and continuing to grow that momentum in the long term won't be easy, and GM isn't likely to recapture its position as the dominant player in America that it once was any time soon. Of course, we'll be watching.

[Source: Auto Observer | Photo: Tom Pennington/Getty Images]

Edmunds: GM market share will grow in October originally appeared on Autoblog on Sat, 17 Oct 2009 14:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>automotive market shareautomotive salesAutomotiveMarketShareAutomotiveSalesgeneral motorsgeneral motors market shareGeneralMotorsGeneralMotorsMarketSharegmgm market shareGmMarketShareSat, 17 Oct 2009 14:15:00 EST http://www.autoblog.com/feed/19199251/article-comments.xml http://www.autoblog.com/feed/2009/10/17/edmunds-gm-market-share-will-grow-in-october/19199251/article-detail.xml 19199251 http://www.blogcdn.com/www.autoblog.com/media/2009/10/gm-logo_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2009/10/gm-logo.jpg <![CDATA[Toyota cuts sales forecast almost 7%]]>http://www.autoblog.com/2008/08/28/toyota-cuts-sales-forecast-almost-7/http://www.autoblog.com/2008/08/28/toyota-cuts-sales-forecast-almost-7/http://www.autoblog.com/2008/08/28/toyota-cuts-sales-forecast-almost-7/#commentsFiled under: , ,

Last September we told you of Volkswagen's plan to overtake Toyota in global sales by 2015. Some Autoblog staffers giggled at the prospect. That was before Toyota reported a 39% drop in profit and began writing down leases, and long before today's news of the Japanese automaker reducing its sales goal for 2009 by almost 7%. Instead of the 10.4 million vehicle sales it predicted for 2009, Toyota says it now may only sell 9.7 million.

While 7% may not sound like a big reduction, consider that Toyota has seen steady growth since its founding in 1934, and any drop is a big deal. Last month, Toyota reported an 18% drop in sales from last July, while VW posted a 4% drop. If those sales rates continue, VW's goal of total domination should be much easier to attain.

[Source: Reuters]

Toyota cuts sales forecast almost 7% originally appeared on Autoblog on Thu, 28 Aug 2008 10:59:00 EST. Please see our terms for use of feeds.

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