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Old 06-02-2010, 11:13 AM   #1
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GM MAY SALES UP 34%, 223,822 UNITS SOLD

Chevrolet-Buick-GMC-Cadillac Post 32 Percent Sales Increase in May
Link to Press Release

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* Fifth Consecutive Month of Double-Digit Combined Sales Gains for GM’s Four Brands
* Calendar-Year-to-Date Sales for GM’s Four Brands are up 31 Percent
* GM Crossovers Sales Are up 81 Percent Year-to-Date

DETROIT – For the fifth straight month, Chevrolet, Buick, GMC and Cadillac together posted a double digit sales gain, with combined sales increasing 32 percent over last May. Year-to-date sales for GM’s four brands have risen 31 percent to 874,749 units – an increase of 206,994 units compared to last year, which is almost twice the volume lost from brands the company has discontinued.

According to Steve Carlisle, vice president, U.S. Sales Operations, GM’s brands have outperformed the market this year on the strength of the company’s newest products. Year-to-date, combined sales of the Chevrolet Equinox, Chevrolet Camaro, Buick LaCrosse and Regal, GMC Terrain and Cadillac SRX and CTS Wagon are up 323 percent.

“Each of our brands has new products that are being received well by customers. In fact, these new vehicles now account for about one in every four retail sales in the U.S.,” said Carlisle. “With each brand launching new vehicles in the next few months, we are optimistic about the remainder of the year.”

Since 2005, crossover sales as a percentage of industry sales have almost doubled. During the same time, sales of GM’s crossovers as a percentage of the company’s sales have more than tripled. May sales of GM’s crossovers – Chevrolet Equinox, HHR and Traverse; Buick Enclave, GMC Terrain and Acadia; and Cadillac SRX – were up 83 percent compared to May 2009, and are up 81 percent year-to-date. Through May, GM leads all automakers in total crossover sales.

According to Carlisle, the company’s crossover growth is an example of its ability to quickly adapt to shifts in the marketplace. “We’re a much leaner and more agile company today and can take advantage of movements in consumer tastes,” said Carlisle.

Chevrolet dealers reported sales of 167,235 – 31 percent higher than May, 2009. Retail sales for the brand were 19 percent higher for the month. Retail sales for Chevrolet’s popular full-size pickups, Silverado and Avalanche, increased 14 percent, while retail sales for the Suburban rose 73 percent. The Chevrolet Silverado, Equinox, Traverse, Avalanche, Malibu and Camaro all posted year-over-year retail sales increases of 10 percent or more (read more).

Buick sales rose 37 percent for the month to 12,582 – the eighth consecutive month of double digit year-over-year sales increases led by the LaCrosse and Enclave. Retail sales for Buick rose 46 percent during May. Buick LaCrosse retail sales increased 191 percent for the month. Year-to-date sales of the LaCrosse have increased 162 percent (read more).

GMC sales of 30,160 were 26 percent higher than last year, while retail sales for the brand were up 37 percent. Retail sales of the GMC Terrain continued to gain momentum, with sales increasing 350 percent for the year-to-date (read more).

Cadillac sales increased 54 percent to 12,328, while retail sales improved 43 percent for the month. CTS retail sales improved 7 percent for the month, and year-to-date sales of the SRX are 439 percent higher than a year ago (read more).

Month-end dealer inventory in the U.S. stood at about 408,000 units, which is about 22,000 lower compared to April 2010, and about 267,000 lower than May 2009.

May Key Facts:

* Eighth Consecutive Month of Combined Sales Gains for GM’s Four Brands
* Chevrolet: Total sales up 31 percent compared to a year ago; retail sales up 19 percent; Chevrolet Equinox retail sales increased 228 percent; Camaro retail sales continued to set the pace for the sport segment with 8,402 deliveries; Chevrolet Traverse retail sales were up 11 percent for the month, and are up 10 percent for the year; Silverado retail sales were up 11 percent for the month.
* Buick: Total sales up 37 percent; retail sales up 46 percent; Buick LaCrosse retail sales rose 191 percent and are up 162 percent for the year; Buick Enclave retail sales rose 14 percent in May and are up 12 percent for the year.
* GMC: Total sales up 26 percent; retail sales up 37 percent; GMC Terrain retail sales were up 569 percent for the month and 350 percent for the year; GMC Acadia retail sales increased 18 percent for the month and are up 24 percent year-to-date
* Cadillac: Total sales up 54 percent; retail sales up 43 percent; Cadillac SRX retail sales were up 605 percent for the month and 439 percent for the year; Cadillac CTS had its best month of the year, with retail sales up 7 percent.
* GM Full-Size Pickups, Full-Size Utilities and Full-Size Luxury Utilities sales rose 17 percent for the month and are up 9 percent year-to-date
* Fleet sales for GM’s four brands were 83,305 for the month.
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Old 06-02-2010, 11:27 AM   #2
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The competition...

Ford Motor Company: Up 23%, 192,253 units sold
Toyota Motor Sales: Up 6.7%, 162,813 units sold
Honda: Up 18.6%, 117,173 units sold
Chrysler Group LLC: Up 33%, 104,819 units sold
Nissan North America: Up 24.1%, 83,764 units sold
BMW: Down 3.9%, 22,092 units sold
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Old 06-02-2010, 02:12 PM   #3
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Wonder if the Camaro made a dent?

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Old 06-02-2010, 02:34 PM   #4
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chrysler up there as well, it is looking good.
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Old 06-02-2010, 03:36 PM   #5
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Chevrolet is kickin azz.
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Old 06-02-2010, 03:43 PM   #6
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The Chevrolet brand alone outsold the entire Toyota lineup. That includes the Toyota brand, Scion brand, and Lexus brand.
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Old 06-02-2010, 04:30 PM   #7
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Good to hear. Chrysler corp and GM's core brands had the biggest sales gain.

Whats even more significant is that in May 2009 GM had a better than average month as well. And Toyota was worse than average.
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Old 06-02-2010, 05:35 PM   #8
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I'm glad to see Toyota falling down the list. Perhaps perceptions have changed?
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Old 06-02-2010, 05:52 PM   #9
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It would seem as though "old habits die hard..."

GM continues to lead in Incentives, up by over $400/unit from April/10, even though the Overall Industry Average dropped:

http://www.autoobserver.com/2010/06/...ates.html#more

3 of every 8 units are Fleet Sales...
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Old 06-02-2010, 08:36 PM   #10
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Quote:
Originally Posted by FenwickHockey65 View Post
The Chevrolet brand alone outsold the entire Toyota lineup. That includes the Toyota brand, Scion brand, and Lexus brand.
THAT'S what I like to here!!!

Dare I ask...how are hyundai sales?

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Originally Posted by LOWDOWN View Post
It would seem as though "old habits die hard..."

GM continues to lead in Incentives, up by over $400/unit from April/10, even though the Overall Industry Average dropped:

http://www.autoobserver.com/2010/06/...ates.html#more

3 of every 8 units are Fleet Sales...
And Ford only surpassed GM in sales earlier this year due to fleet sales as well...but when that was brought up...it was okay....sales are sales, right?
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Old 06-02-2010, 08:52 PM   #11
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Quote:
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THAT'S what I like to here!!!

Dare I ask...how are hyundai sales?
Up 33%, 49,045 units sold.
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Old 06-02-2010, 08:56 PM   #12
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Up 33%, 49,045 units sold.
Ahhh....all is right with the world. Thanks, as always Fen!
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Old 06-03-2010, 04:58 AM   #13
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Originally Posted by FenwickHockey65 View Post
Chevrolet-Buick-GMC-Cadillac Post 32 Percent Sales Increase in May
Link to Press Release
didn't GM have more than 4 brands at this time last year? They should be comparing GM May '09 vs. GM May '10, not just the "Four Core brands." Im sure they retained many of their customers from their other defunkt brands that they are failing to compare to.
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Old 06-03-2010, 07:32 AM   #14
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Sales of "the other Four" were less than 2,000 units, and those would have been heavily bonused and discounted at clear-out price$.

As you know, Fleet Sales are tallied at reduced margins for both Manufacturer and Dealer. At one time, they were considered as "filler" but, with 3/8 of Sales now slanted that way along with chart-topping incentives on Retail units, it would indicate that even with as much capacity as has been reduced, more may need to be "rationalized". Certainly, they're building considerably more than they can "retail" which, after all, is where the "real" money is.

No/low margin product does not guarantee a bright shiny future. That's supposedly what cost Pontiac it's future...

There's still quite a few Douglas Firs to pass through before they're outta the forest...
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Old 06-03-2010, 08:04 AM   #15
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Originally Posted by Dragoneye View Post
THAT'S what I like to here!!!

Dare I ask...how are hyundai sales?


And Ford only surpassed GM in sales earlier this year due to fleet sales as well...but when that was brought up...it was okay....sales are sales, right?
And BMW was down
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Old 06-03-2010, 08:32 AM   #16
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what did hummer sale. I read recently that hummer is on life support. . .for the time being. . .
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Old 06-03-2010, 08:39 AM   #17
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what did hummer sale. I read recently that hummer is on life support. . .for the time being. . .
Sale didn't go through. Hummer's shut down, Shreveport Operations built the last H3s a few days ago.
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Old 06-03-2010, 02:02 PM   #18
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Autoblog has been posting monthly numbers for years now. They list brand sales and total corporate sales, and include things like the daily sales rate.

Here's the link:
http://www.autoblog.com/category/by-the-numbers
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Old 06-03-2010, 04:21 PM   #19
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...and Edmund's AutoObserver includes the very pertinent "incentives" data which, as always, proves you CAN buy "share"...

http://www.autoobserver.com/2010/06/...ates.html#more

Reminds me of an old joke: "They had to tie a porkchop around his neck to get the dog to play with him..."
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Old 06-03-2010, 04:30 PM   #20
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...and Edmund's AutoObserver includes the very pertinent "incentives" data which, as always, proves you CAN buy "share"...

http://www.autoobserver.com/2010/06/...ates.html#more

Reminds me of an old joke: "They had to tie a porkchop around his neck to get the dog to play with him..."
Link broken.
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Old 06-03-2010, 06:42 PM   #21
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Quote:
Originally Posted by LOWDOWN View Post
...and Edmund's AutoObserver includes the very pertinent "incentives" data which, as always, proves you CAN buy "share"...

http://www.autoobserver.com/2010/06/...ates.html#more

Reminds me of an old joke: "They had to tie a porkchop around his neck to get the dog to play with him..."
how are their incentives now vs a year ago?
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Old 06-03-2010, 09:01 PM   #22
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how are their incentives now vs a year ago?
Quote:
Compared with three years ago, the Japanese automakers have increased their incentives spending by 62 percent while domestic automakers are spending a mere seven percent more..
However, Domestics still spend a much larger amount of money on incentives than their foreign competition.
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Old 06-04-2010, 10:53 AM   #23
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Quote:
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Link broken.
Restored:

http://www.autoobserver.com/2010/06/...ates.html#more

Don't get me wrong...GM has truly done a fantastic job in the past 12 months. Much of that "operational modification" has come at a heavy price for us all. And there IS some more much-needed new product close at hand.

The REAL test will be met when incentives diminish to a level at/below Industry Average. At that point, profits/unit will dramatically improve as the perceived image of the product improves. Until then, with Industry-leading incentives, GM is still paddling against the current...and "public opinion"...

223,000 units X $1600 ($3700+[GM] - $2100+[Toyota]) is closing in on a BILLION DOLLARS...per MONTH...to buy an extra 60,000 units..."Top Domestic" vs. "Top Import"...

Higher oil prices, alone, would narrow that Sales gap...it always has, in the past...

Frankly, the dramatic numbers in Fleet, in some ways, shines a good light on GM. The economy, in many circles, shows signs of improvement, so Business is reinvesting...in new vehicles...and are once again considering GM... Is GM being too generous? To Fleets AND the general public?
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Old 06-04-2010, 12:36 PM   #24
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Quote:
Originally Posted by LOWDOWN View Post
Restored:

http://www.autoobserver.com/2010/06/...ates.html#more

Don't get me wrong...GM has truly done a fantastic job in the past 12 months. Much of that "operational modification" has come at a heavy price for us all. And there IS some more much-needed new product close at hand.

The REAL test will be met when incentives diminish to a level at/below Industry Average. At that point, profits/unit will dramatically improve as the perceived image of the product improves. Until then, with Industry-leading incentives, GM is still paddling against the current...and "public opinion"...

223,000 units X $1600 ($3700+[GM] - $2100+[Toyota]) is closing in on a BILLION DOLLARS...per MONTH...to buy an extra 60,000 units..."Top Domestic" vs. "Top Import"...

Higher oil prices, alone, would narrow that Sales gap...it always has, in the past...

Frankly, the dramatic numbers in Fleet, in some ways, shines a good light on GM. The economy, in many circles, shows signs of improvement, so Business is reinvesting...in new vehicles...and are once again considering GM... Is GM being too generous? To Fleets AND the general public?
Assuming consumers don't smarten up and realize that many GM products get superior fuel economy to Toyotas.
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Old 06-04-2010, 01:26 PM   #25
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Gibby, on another thread recently, someone with tongue in cheek suggested Toyota has/had the "greatest Marketing in the World" (I'm paraphrasing...).

Whether fact or fiction, GM MUST improve "image"...and MARKETING is definitely part of that. "Perception IS truth", goes the axiom. In '08, with gas @ $4.00+/gallon, where did people rush to? They dumped their Avalanches, in "avalanches", for Priuses, spending thou$and$ to save a few bucks on gas.

Pray that doesn't happen the "next time"...
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