In January, GM was offering 0% and low interest auto loans and up to $4,000 in cash back incentives on most of its models. GM said Thursday it expects its January sales figures to be higher than its January 2009 numbers.
GM’s January U.S. sales will see a double-digit increase compared to the same month a year ago, and GM will also see an increase in market share, Mike DiGiovanni, executive director of global market and industry analysis, said.
General Motors sold 128,198 vehicles in January 2009 in the U.S., which was down 48.9% compared to January 2008, the Detroit Free Press reports.
GM also increased its 2010 forecast, saying the industry will sell 11.5 million to 12 million vehicles nationwide this year due to signs of a strengthening economy. The original forecast was 11 to 12 million vehicles.
"Clearly the U.S. and global economies are continuing to strengthen," DiGiovanni told the Detroit Free Press.