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Tag Archives: general motors sales
GM sales year-to-date (2.34 million) are up 3.5% in an industry that recovered at almost four times that rate. Among major automakers GM’s sales gains are the weakest by far, particularly when compared to the resurgent Japanese Three, with Toyota (1.9 m) at +29%, Honda (1.3 m) at +24% and Nissan (1 m) +11%, now that natural-disaster induced production disruptions are over. To be fair, the tepid GM sales are the sum of a complex three-dimensional game, which attempts to balance badly needed revenue and profits, against capacity, competitive actions and momentum, along with ongoing brand rebuilding. Continue reading
General Motors Company today reported October sales in the United States of 195,764 vehicles, an increase of 5% compared to October 2011. Overall industry growth was 7% for the month, and the industry is running at a seasonally adjusted annual rate or SAAR of more than 14 million retail units. GM’s year-over-year sales to retail customers were up 7%, and sales to fleet customers were down 2%. Continue reading
Chevrolet was actually the only GM brand to increase sales year-over-year. Buick at -7%, Cadillac at -12% and GMC at -5% all posted sales declines during the model year changeover, which also saw Japanese makers return post earthquake with rebuilt inventories of news cars and trucks. Continue reading
Dealers for General Motors Company reported 206,621 total sales during March in the U.S., an increase of 11%, and a 17% increase in GM retail sales. Discounted fleet sales were 27% of the total.
For the first three months, total GM sales increased 26% to 592,545 units compared to a year earlier. As a result, each of GM’s remaining brands – Chevrolet, Buick, GMC and Cadillac – gained retail and total market share during the quarter, a welcome reversal of a declining trend that was underway for five decades and ultimately led it GM’s bankruptcy in 2009. Continue reading