By Daniel Costello

Maybe taxpayers will make some of that bailout money back after all. General Motors posted its first sales increase in nearly two years this afternoon, announcing sales increased 4.1 percent in October compared with the same month last year. This is the first time the troubled company has seen a year-over-year sales increase since January 2008.

The news isn't a total surprise. In a sneak peak last week, executives said that October would be the company's third consecutive month of market share gains, proof that consumers were returning to its showrooms

The showing is a big turnaround from last month's 45 percent drop to 156,673 vehicles from 284,300 a year ago. Of course, the troubled automaker still has far to go: its sales incentives remain among the highest in the industry and its car quality still leaves room for improvement.

Yesterday, Ford announced similarly positive steps while laggard Chrysler Group LLC continued to struggle, with October sales falling 30 percent.

Could it be time to call the bottom of the domestic car industry?

categories: News

3:31 - November 3, 2009

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