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Old 07-01-2010, 11:18 AM   #1
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GM JUNE 2010 SALES UP 36%, 194,828 UNITS SOLD

Chevrolet-Buick-GMC-Cadillac Sales Increase 36 Percent in June
Link to article

July 1, 2010


Quote:
* Sixth straight month that GM’s four brand’s sales increased by more than 20 percent
* Calendar-year-to-date sales for GM’s four brands are up 32 percent
* GM full-size pickup sales increase 27 percent; up 12 percent year-to-date
* GM crossover sales are up 81 percent year-to-date

DETROIT – June sales for Chevrolet, Buick, GMC and Cadillac increased by a combined 36 percent to 194,828 units in the United States. This is the sixth straight month in which sales for GM’s brands increased year-over-year by more than 20 percent. Year-to-date sales for the four brands also have risen 32 percent to 1,069,577 units – an increase of 258,368 units compared to last year.

The increase was fueled by the continuing success of the company’s launch vehicles, its growing sales of compact, midsize and luxury crossovers, and some recovery in the markets for pickups and full-size SUVs.

The resurgence in large pickup truck sales was a key factor behind June’s results, according to Don Johnson, vice president, U.S. Sales Operations. Combined sales of the Chevrolet Silverado, Chevrolet Avalanche, and GMC Sierra were up 27 percent for the month, compared to June 2009 and are up 12 percent year-to-date.

“As companies continue to invest in their businesses, we expect this segment to continue to recover,” said Johnson. “We think the release of some pent up demand in the pickup market is an indication that a fundamental part of the U.S. economy is gradually strengthening.”

GM’s launch vehicles continue to be a driving factor behind the company’s sales increases. Retail sales of the Chevrolet Equinox and Camaro, Buick LaCrosse and Regal, GMC Terrain, and Cadillac SRX and CTS Wagon have increased 222 percent year-to-date through June and totaled 172,083. This represents about one out of every four retail sales for GM.

June Crossover Performance Keeps GM the Industry Crossover Leader


Chevrolet and GMC dealers reported 16,093 deliveries of the Chevrolet Equinox and GMC Terrain – a 208 percent improvement from June 2009. For the year, sales of these vehicles are up almost 193 percent, to 94,105 sales through June.

Mid-size crossovers Chevrolet Traverse, Buick Enclave and GMC Acadia continued to show improvement. During June, their combined sales increased 39 percent. Year-to-date, they are up 28 percent.

The Cadillac SRX luxury crossover maintained its impressive run with an increase of 462 percent during the month. Year-to-date, SRX sales are up 488 percent.

Month-end dealer inventory in the U.S. stood at about 438,000 units, which is about 30,000 higher compared to May 2010, and about 144,000 lower than June 2009.

June Key Facts and Brand Results:


* Sixth consecutive month that sales for Chevrolet, Buick, GMC, and Cadillac have increased by 20 percent or more.
* Ninth consecutive month of total and retail sales gains for GM’s four brands.
* Fifth month in a row of total sales improvement for GM’s full-size pickups.
* Fourth consecutive month of double-digit retail sales increases for GM’s brands.
* Chevrolet:
Chevrolet delivered 141,381 vehicles in June, a 32 percent gain year-over-year. This includes an 11 percent increase in retail sales, marking the ninth consecutive month of year-over-year retail sales gains. The largest sales increases were from Chevrolet line of full-size trucks. Silverado registered 30,994 total sales in June – a year-over-year increase of 25 percent, and posted the best retail sales month of the year.
* Buick:

Buick posted a 53 percent sales increase in June compared to the same month last year. Year-to-date total sales for Buick are up 48 percent. Driven by the momentum around the LaCrosse and Enclave, retail sales saw a 28 percent increase for the ninth consecutive month of year-over-year retail sales increases, making June the best total sales month for Buick in 2010.
* GMC:
GMC reported a 45 percent increase in total sales and 34 percent increase in retail sales in the month of June, compared to the same month last year. This is the ninth consecutive month of year-over-year sales increases for GMC, and for the calendar year GMC total sales were up 29 percent over last year.
* Cadillac:
Total sales for June were up 39 percent versus the same month last year. Retail sales were up 35 percent. SRX total sales rose 462 percent for its 10th straight month of triple-digit percentage increases. CTS posted its best retail month of the year. CTS total sales were up 31 percent and retail sales were up 23 percent.
* GM’s Full-Size Utilities Chevrolet Suburban and Tahoe, and GMC Yukon and Yukon XL increased 69 percent during the month, totaling 15,192 deliveries. Year-to-date, sales of these vehicles are up 19 percent.
* Fleet sales for GM’s four brands were 59,571 for the month.
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Old 07-01-2010, 11:46 AM   #2
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Darn good rebates had absolutely NOTHING to do with this did it? They'd have only sold 11,440 Sierras if we didn't buy ours a few weeks ago. Glad we could help out.

Any sales number increase is good, but when you're comparing it to LAST year for GM, anything better than 0 seems to be positive. Let's wait until June '11 numbers come out before we throw on all those party hats.
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Old 07-01-2010, 11:56 AM   #3
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Old 07-01-2010, 12:30 PM   #4
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Originally Posted by el ess X View Post
Darn good rebates had absolutely NOTHING to do with this did it? They'd have only sold 11,440 Sierras if we didn't buy ours a few weeks ago. Glad we could help out.

Any sales number increase is good, but when you're comparing it to LAST year for GM, anything better than 0 seems to be positive. Let's wait until June '11 numbers come out before we throw on all those party hats.
Last June was a bad month, GM was down a bit relative to most of the competetion but . But what matters isn't how they do next month or next year. Its how they do compared to the competition that matters the most. If they can gain market share, good job.

Incentives, GM has been offering less incentives this year than last year. So attributing the gain to incentives is a hollow argument in my mind.
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Old 07-01-2010, 12:44 PM   #5
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The competition...

Ford Motor Company: Up 15%, 170,900 units sold
Toyota: Up 6.8%, 140,604 units sold
Honda: Up 6.2%, 106,627 units sold
Chrysler: Up 35%, 92,482 units sold
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Old 07-01-2010, 03:35 PM   #6
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Quote:
Originally Posted by GM News
GM’s launch vehicles continue to be a driving factor behind the company’s sales increases. Retail sales of the Chevrolet Equinox and Camaro, Buick LaCrosse and Regal, GMC Terrain, and Cadillac SRX and CTS Wagon have increased 222 percent year-to-date through June and totaled 172,083. This represents about one out of every four retail sales for GM.
Oh yea.
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Old 07-01-2010, 03:47 PM   #7
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It should be noted that the Chevrolet brand alone outsold the entire Toyota/Lexus/Scion lineup. AGAIN.
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Old 07-01-2010, 05:15 PM   #8
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Old 07-01-2010, 05:21 PM   #9
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Old 07-01-2010, 09:15 PM   #10
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Alright, autoblog posted the rest of the results. Here's how the rest of the major automakers did and their June sales for 2009 and 2008

Company 2010 2009 2008 . 2010 vs 2008 sales change

GM........ 195k 177k 266k ....-27%
Ford ......176k 155k 174k.......+1%
Toyota ..141k 132k 193k......-27%
Honda ....107k 100k 143k.....-25%
Chrysler ...92k.. 68k 117k.....-21%

The only major automaker to be above their June 2008 sales levels is Ford. Everyone else is still down significantly. I can't figure out why Honda's sales are so low relative to the other guys. GM lost 4 bands, Toyota's image was shattered. Chrysler ... need I say more? But Honda doesn't really have anything going against it yet they're in a worse position (relatively) than Chrysler is. Doesn't make sense.
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Old 07-01-2010, 09:19 PM   #11
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Yes it does, they dont sell trucks and large suv type vehicles. Which is alot of what has been selling with the "low" fuel prices and businesses renewing their fleet pickups.
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Old 07-01-2010, 09:23 PM   #12
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Yes it does, they dont sell trucks and large suv type vehicles. Which is alot of what has been selling with the "low" fuel prices and businesses renewing their fleet pickups.
And, checking back to 2008 vs 2007, Honda had posted a pretty big gain for June '08 and that was right when fuel prices were going through the roof.
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Old 07-02-2010, 01:18 AM   #13
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Originally Posted by DGthe3 View Post
Last June was a bad month, GM was down a bit relative to most of the competetion but . But what matters isn't how they do next month or next year. Its how they do compared to the competition that matters the most. If they can gain market share, good job.

Incentives, GM has been offering less incentives this year than last year. So attributing the gain to incentives is a hollow argument in my mind.

Quote:
Originally Posted by FenwickHockey65 View Post
The competition...

Ford Motor Company: Up 15%, 170,900 units sold
Toyota: Up 6.8%, 140,604 units sold
Honda: Up 6.2%, 106,627 units sold
Chrysler: Up 35%, 92,482 units sold
You know what...I'm not only going to say kudos to GM, but kudos to all the manufacturers. People are spending more...and that's what's needed. The fact that GM is doing better than before is all that matter.

And Fenwick, have I mentioned I like reading your posts?

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Old 07-02-2010, 04:26 AM   #14
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It should be noted that the Chevrolet brand alone outsold the entire Toyota/Lexus/Scion lineup. AGAIN.
Lol. Two months in a row!
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Old 07-02-2010, 04:28 AM   #15
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Alright, autoblog posted the rest of the results. Here's how the rest of the major automakers did and their June sales for 2009 and 2008

Company 2010 2009 2008 . 2010 vs 2008 sales change

GM........ 195k 177k 266k ....-27%
Ford ......176k 155k 174k.......+1%
Toyota ..141k 132k 193k......-27%
Honda ....107k 100k 143k.....-25%
Chrysler ...92k.. 68k 117k.....-21%

The only major automaker to be above their June 2008 sales levels is Ford. Everyone else is still down significantly. I can't figure out why Honda's sales are so low relative to the other guys. GM lost 4 bands, Toyota's image was shattered. Chrysler ... need I say more? But Honda doesn't really have anything going against it yet they're in a worse position (relatively) than Chrysler is. Doesn't make sense.
All automakers were effected by the recession during these times. Almost no one benefits from recession.
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Old 07-02-2010, 05:00 AM   #16
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Alright, autoblog posted the rest of the results. Here's how the rest of the major automakers did and their June sales for 2009 and 2008

Company 2010 2009 2008 . 2010 vs 2008 sales change

GM........ 195k 177k 266k ....-27%
Ford ......176k 155k 174k.......+1%
Toyota ..141k 132k 193k......-27%
Honda ....107k 100k 143k.....-25%
Chrysler ...92k.. 68k 117k.....-21%

The only major automaker to be above their June 2008 sales levels is Ford. Everyone else is still down significantly. I can't figure out why Honda's sales are so low relative to the other guys. GM lost 4 bands, Toyota's image was shattered. Chrysler ... need I say more? But Honda doesn't really have anything going against it yet they're in a worse position (relatively) than Chrysler is. Doesn't make sense.
I think Honda's problem is a combination of two issues. First, a general lack of variety in offerings in terms of cars has got to hurt. If you want a Honda by and large you either get a Fit, Civic, or an Accord....and the fit is a niche offering at best. That's the whole shebang.

In the early 1990's you had the Civic, the Civic CRX (which was arguably different enough that it acted as a uniwue offering), the Prelude, and the Accord and you had greater variety within every model. there are no wagons now, not many hatchbacks either.

Honda just doesn't build that many cars anymore, and that is saying something because they weren't exactly flooding the market in the first place..

The other issue is, IMO, their offerings have lost their way a bit. My wife loves the Accord historically, thinks the thing is almost a philosophy on how to build a mainstream sedan as much as it is an actual sedan. She hates the current model....too large and it doesn't look like a Honda. Throw in the surprisingly disappointing interior on my nephew's current gen Civic Si and it isn't hard to figure out what is going wrong.

Shame too, once upon a time Honda was arguably the most respected small engine manufacturer in the world and now all of the poor choices overshadow that.
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Old 07-02-2010, 01:15 PM   #17
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An "undisputed" post, from www.gminsidenews.com , posted by SierraGS:

Some great numbers from Cadillac and GMC with very strong retail/fleet sales gain ratios (90%) and (76%) respectively and Buick had good increases but a more troubling 53% ratio of the gain from retail sales.

Then there are the poor numbers from Chevrolet with nearly 70% of the sales gain from fleet sales, not to mention hgh rebates on more of its car line than competitors. The Malibu continues to be a disappointment with sales continuing to depend upon heavy fleet sales and unacceptably high rebates, the only car in the segment with a higher rebate than the Mailbu is the Galant which is also a "rental car queen".

When will GM correct the Malibu's difficiencies in content so that it can sell without $3,000 rebates and match the high percentage retail rates that the segment leading Accord and Camry do with NO REBATES?

The lack of action on GM's part with the current Malibu does not bode well for it's successor that will have to contend with the new Sonata which is a sellout for Hyundai with NO REBATE, a new Kia Optima that will be a much better seller than the current model along with the Fusion and Altima that have outsold the Malibu YTD with rebates that are 1/3 of the Malibu - then there is the two most formidible competitors, the next generation Accord and Camry which little has been said but going by past history will be much more competitive than the current offerings. Along with these contenders, the next gen Malibu will have to compete with an all new VW mid-size car that will have the proper price/content ratios and a strong marketing campaign. GM had better get the next Malibu right in every detail or the Mailbu will continue to be "Fleet car of the Year" when it should be the best selling car in the mid-size segment without the crutches of rebates and fleet sales.

GM needs to do some homework and look at the Fusion and Sonata's highly successful price/feature strategy and implement it on the next generation Malibu - it has worked for both of them and it is 100% guaranteed to work for the current Malibu and the next generation one, and it will increase profit per sale along with the Malibu's residual values. Both the 2010 Fusion and 2011 Sonata have already passed the 2008-2010 Malibu in the number of "cars on the road" I see here in SoCal and that is an embarassment to the entire Chevrolet lineup, how can cars that have been on the market for 1 year (Fusion) and 3 months (Sonata) outsell one that has been on the market for nearly 4 years!!!??

The other thing that is 100% guaranteed is if the Malibu continues with it's current trim level/feature offerings, the only buyers it will attract are those from the rental car companies.

The only way Chevy is going to become Chevrolet is to start building cars that are worthy of the extra letters


Interesting perspective...
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