We did some calculations and turns out General Motors earned a market share of 19.6 percent in the United States in 2011. That means that nearly one in every five vehicles sold was a GM. This rather impressive news comes to us after GM reported a $7.6 billion net income for the same time period.
And if GM’s outlook for 2012 is to be believed, things will only get better from here. Not bad for a company that’s been through hell and back. Let’s hope we can say the same thing about The General’s European and International operations this time next year.
Comments
Maybe it’s just me, but the term “earned” a 19-percent marketshare in this story seems rather vague Are we saying that GM HAS a 19-percent marketshare or that it GAINED a 19-percent marketshare in 2011. Big difference, of course. If it gained the share, it then begs the question: compared to what for 2010?