GM Earnings Preview: North America Strength Should Be Enough To Overcome Weakness in China & Europe

We believe the company to continue its strong momentum in the second quarter. Higher revenue from GM North America was likely the result of an increase in retail sales of all GM brands, including Cadillac. Additionally, average transaction prices likely rose due to better management of fleet inventory, flat incentives and the introduction of new models. The picture for GM's China operation will likely seem more grim as consumer discretionary expenditures have taken a hit following the massive st...