11-03-2009, 01:02 PM | #1 |
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GM OCTOBER SALES UP 4%, 177,603 UNITS SOLD
GM Oct. Sales up 4%, Gains Market Share
GM sees first sales increase in 21 months! www.gminsidenews.com November 3, 2009 DETROIT – A strong performance by GM's four core brands -- Chevrolet, Buick, GMC, and Cadillac -- resulted in GM U.S. October sales of 177,603 vehicles, up 4 percent from last October, the company's first year-over-year gain since January 2008. Total sales increased 13 percent when compared with September. The four brands accounted for about 95 percent of GM's retail sales, an increase of 10 percentage points compared to the prior year. “We’re very pleased with consumer acceptance to our newest cars, crossovers and trucks,” said Susan Docherty, GM vice president, U.S. Sales. “While we have more work to do, we are making progress and will continue our focus on delivering vehicles and a sales and service experience that brings consumers to Chevrolet, Buick, GMC and Cadillac – and keeps them coming back.” October Facts:
Chevrolet Retail Sales Up 31 Percent Strong retail sales of Chevrolet’s launch vehicles – Camaro, Equinox, and Traverse – led to a year-over-year increase in total sales of 9 percent, and a 31 percent increase in retail sales for the same period. Chevrolet key facts:
Buick – GMC Total Sales Up 33 Percent Buick car and crossover sales showed improvement in October vs. a year ago, led by the all-new LaCrosse and Enclave. Sales of the all-new GMC Terrain and GMC’s “Truck Month” promotion helped lift GMC total sales 20 percent, and retail sales 35 percent for the month, compared with last year. Buick key facts:
“We like the momentum we’ve seen in the sales of new Buick and GMC models,” said Susan Docherty, Buick-GMC general manager, and GM Vice President of U.S. Sales. “In October, Buick and GMC both had their best sales months of 2009, and in fact, total sales for these two brands were up 33 percent over October 2008 for the combined total of Buick, Pontiac and GMC.” Cadillac Total Sales Up 22 Percent Led by the performance of the all-new SRX, Cadillac sales increased by 22 percent compared to a year ago, and were up 2 percent vs. September. Cadillac key facts:
"The interest customers are showing in the new SRX is exciting – we are seeing Lexus, BMW and Mercedes customers trading their vehicles for the SRX," said Bryan Nesbitt, Cadillac General Manager. Other brands Sold 15,089 Vehicles in October Total combined sales for Saturn, Pontiac, Saab and HUMMER were 15,089 for the month. As a percent of total GM sales, these brands represented 9 percent of sales, compared with 15 percent in October 2008. Management Discussion of October Sales Results The U.S. October 2009 SAAR of 10.6 million is a 13-percent improvement compared to last month, but is the second-lowest SAAR for October since the early 1980s. The U.S. economy and auto industry are showing signs of recovery: Economy
Auto Industry
GM Reports October Production; Fourth Quarter Production at 620,000 Vehicles In October, GM produced 228,000 vehicles (92,000 cars and 136,000 trucks). This is down 90,000 vehicles, or 28 percent compared with October 2008, when GM North America produced 318,000 vehicles (151,000 cars and 167,000 trucks). (Production totals include joint venture production of 15,000 vehicles in October 2009 and 11,000 vehicles in October 2008) GM third quarter production was 531,000 vehicles (205,000 cars and 326,000 trucks), which was down 42 percent compared to the same quarter in 2008. GM North America built 915,000 vehicles (436,000 cars and 479,000 trucks) in the third quarter of 2008. However, third quarter production was substantially higher than production volumes for Q1 and Q2 2009 of 371,000 (up 43 percent) and 395,000 (up 34 percent), respectively. GM’s 2009 fourth quarter forecast at 620,000 vehicles (239,000 cars and 381,000 trucks), which is down about 24 percent from a year ago. GM North America built 815,000 vehicles (365,000 cars and 450,000 trucks) in the fourth quarter of 2008. However, Q4 2009 production volumes represent a 17 percent increase compared to Q3 2009. At October month-end, inventories of vehicles for U.S. dealers increased to 444,000 (172,000 cars and 272,000 trucks) compared to September, 2009 (157,000 cars and 267,000 trucks), an increase of 5 percent. Compared to month-end inventories for October 2008 (336,000 cars and 464,000 trucks), inventories decreased by 356,000 (164.000 cars and 192,000 trucks), or 45 percent.
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11-03-2009, 01:10 PM | #2 |
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11-03-2009, 01:11 PM | #3 |
General Motors Aficionado
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The competition...
Toyota: Down 3.5%, 152,165 units sold Ford Motor Company: Up 3%, 132,483 units sold Honda: Down 4%, 85,502 units sold Chrysler: Down 32%, 65,803 units sold Nissan: Up 5.6%, 60,115 units sold
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) Last edited by FenwickHockey65; 11-03-2009 at 04:56 PM. |
11-03-2009, 01:39 PM | #4 |
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Chrysler was down 32% from last month? Or the same time from last year?
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11-03-2009, 01:43 PM | #5 | |
PWA Relapse
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Quote:
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11-03-2009, 04:46 PM | #6 |
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Good news. Thanks for the post.
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11-03-2009, 07:35 PM | #7 |
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It's going to be hard for them to keep on this road. Hope they can...
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11-03-2009, 07:43 PM | #8 |
I used to be Dragoneye...
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This is all very good news. I'm very happy to hear they speaking about the Camaro as a key vehicle, as opposed to a "oh by the way". The fact that 95% of their retails sales was from the four brands lends credence to their choices of brands to axe, and I'm glad they are continuing to increase in sales even with the halving of their fleet (almost).
And it's only going to get better as they release and update more products coupled with the recovery of the economy! BUT -- I want to hear more about cash-flow and profitability... |
11-03-2009, 07:48 PM | #9 |
Go Blue!!!!!
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The Equinox is flat out SWEET!! GM is getting off the mat fellas!!
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11-04-2009, 10:52 AM | #10 |
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I said it time and time again.. This BK was the absolute best thing GM could have done.. and thy actually waited 4 years past the time I said they should and did it at an even more PERFECT time.
Look at the actual situation.. as they are gaining market share with their CORE BRANDS being 95% of the sales that happened. Meaning on about 8500 sales were from Pontiac, Saturn, Saab, and Hummer |
11-05-2009, 07:39 AM | #11 |
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Great news for GM I helped with 1 sale in October a 2010 Camaro
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11-05-2009, 09:43 AM | #12 |
Moderator.ca
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Sales may have been up 4% but there were nearly 4% more selling days this year vs last. But GM still did better than all their biggest competitors. And couple this with the recent news about higher average transaction prices, GM looks to be on the road to recovery.
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
11-05-2009, 09:49 AM | #13 | |
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11-05-2009, 09:59 AM | #14 |
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I know that, sorry I didn't make it clear. I meant there were 28 selling days in October 2009 vs 27 October 2008
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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