GM April 2011 Sales Up 27%, 232,538 Units Sold

[FenwickHockey65]

Fuel-Efficient Vehicles Propel General Motors April U.S. Sales Increase of 27 Percent
Link to Press Release

May 3, 2011

• Chevrolet Cruze posts best month since launch with 25,160 total sales
• GMC Terrain, Chevrolet Equinox set April sales records
• Retail sales rose 25 percent for April; up 35 percent year to date
• Incentives decline more than 10 percent while retail sales rise 4 percent from March
  
  DETROIT – General Motors dealers in the United States reported 232,538 total sales in April, a 27-percent increase versus April a year ago. Solid gains by GM’s lineup of fuel-efficient passenger cars and crossovers powered the gains, led by the best sales month for the Chevrolet Cruze and record sales for the Chevrolet Equinox and GMC Terrain compact crossovers.
  
  Retail sales, those to individual customers, rose 25 percent versus last April with cars and crossovers up 49 percent and 28 percent, respectively. Retail sales for the Cruze were 180 percent higher than the Chevrolet Cobalt it replaced. The Equinox and Terrain also posted retail sales records, up 53 and 61 percent respectively.
  
  With gasoline averaging almost $4 per gallon, consumers are beginning to trade in larger vehicles for smaller, more fuel efficient ones.
  
  “Recently, rising fuel prices have led many to re-think their vehicle choice,” said Don Johnson, vice president, U.S. Sales Operations. “Because of the investments we’ve made in fuel-efficiency and global product architectures, the company is well positioned to meet these needs.”
  
  During the first quarter of 2011, the company’s retail share of the small, compact and compact crossover segments improved by an estimated 3.4 full share points, compared to the first quarter of 2010. Much of this improvement is due to improved availability of the popular Equinox and Terrain and the launch of the all-new Cruze.
  
  Compared to March, retail sales rose 4 percent though incentive spending decreased more than 10 percent, Johnson said.
  
  April deliveries to commercial accounts rose 21 percent – the 13th consecutive month of commercial sales gains.
  
  GM’s Newest Vehicles Retail Sales Soar 76 Percent in April
  
  Combined retail sales for vehicles launched since June 2009 – Chevrolet Equinox, Silverado HD, Cruze, Camaro Convertible and Volt; Buick LaCrosse and Regal; GMC Sierra HD and Terrain; and Cadillac SRX, CTS Wagon and CTS Coupe – jumped 76 percent during April and are up 76 percent for the year through April.
  
  Passenger Cars
  
  Total sales of GM passenger cars improved 50 percent during April, led by the sale of 25,160 Cruzes and 24,701 Chevrolet Malibus. Retail sales of GM passenger cars climbed 49 percent for the month. The Cruze and Chevrolet Camaro Convertible recorded their highest retail sales since launch. For the year-to-date, retail sales of GM’s passenger cars were up 49 percent, also led by the Cruze, up 195 percent for the year compared to the Chevrolet Cobalt.
  
  Crossovers
  
  The Chevrolet, GMC and Cadillac brands each set April total and retail sales records for crossover sales, driven by a 49-percent increase in combined retail sales by the Equinox, Terrain and SRX. The three also set individual April records for retail sales. For the year-to-date, retail sales of GM’s industry-leading crossovers were up 29 percent.
  
  Pickups
  
  Total combined sales of Chevrolet Silverado and Avalanche, and GMC Sierra increased 2 percent; with retail sales down 2 percent versus a year ago. For the year-to-date, retail sales for GM’s full-size pickups are up 26 percent, while total sales of 172,070 units represent a 22-percent increase.
  
  Month-end dealer inventory in the United States stood at about 577,000 units, up about 3,000 units compared to March and about 149,000 higher than April 2010.
  
  Brand Key Facts:
  • Chevrolet: Chevrolet dealers delivered 169,794 total vehicles in April, a 25-percent increase versus last year. Retail sales for Chevrolet were up 25 percent. Cruze retail sales were 180 percent higher than the Chevrolet Cobalt. Equinox retail sales increased 53 percent (read more).
  • Buick: Buick reported 18,413 total sales, a 51-percent increase compared to April 2010. This includes a 35-percent rise in year-over-year retail sales, led by demand for the all-new Regal, which is attracting large numbers of non-GM owners to the brand. April was the 19th consecutive month of year-over-year sales gains for the brand (read more).
  • GMC: GMC reported total sales of 31,204, a 29-percent increase compared to the same month last year, also the 19th consecutive month of year-over-year sales increases. Retail sales were 23 percent higher than last year, driven by continued strong retail demand for the Terrain, with sales up 61 percent (read more).
  • Cadillac: Cadillac reported total sales of 13,127 for April – 16 percent higher than last April, with retail sales increasing 25 percent. April was the 15th consecutive month of year-over-year total and retail sales gains. CTS retail sales continued to set the pace, rising 52 percent, driven by strong demand for the CTS Coupe (read more).
  • Fleet sales for GM’s four brands were 75,868 for the month, a 31-percent increase for the month, with sales to commercial customers increasing 21 percent – the 13th consecutive month of commercial fleet sales gains. Fleet accounted for 33 percent of GM total sales during the month.

[camarowa]

I am sure people are going to disagree with this, but please let's keeps this in perspective.

GM Channel Stuffing Hits Record In April

Earlier today, GM posted better than expected April car sales, with total US sales up 26.4% on expectations of 14%. How much of this is due to a Toyota impairment is unclear. What is clear is that channel stuffing at Government Motors, whose Chinese sales are far more important than US sales these days, just hit a new all time record of 577,000, higher than the previous record of 574,000 from March, and 149,000 higher compared to a year ago. The good thing is that GM will never be able to complain about lack of inventory: it now has two and a half months worth of sales equivalent parked on warehouse financed dealer storefronts, in the form of rapidly depreciating autos.
"General Motors Co. reported a 26% surge in April vehicle sales... helping to push the company’s stock back above its initial public offering price."

[FenwickHockey65]

Any article that refers to GM as "Government Motors" isn't credible in the least bit and should be regarded with as much relevance as a pile of dog crap.

[Number 3]

Originally Posted by FenwickHockey65

Any article that refers to GM as "Government Motors" isn't credible in the least bit and should be regarded with as much relevance as a pile of dog crap.

That seems like too much relevance, Fen.

[Number 3]

Originally Posted by camarowa

I am sure people are going to disagree with this, but please let's keeps this in perspective.

GM Channel Stuffing Hits Record In April

Earlier today, GM posted better than expected April car sales, with total US sales up 26.4% on expectations of 14%. How much of this is due to a Toyota impairment is unclear. What is clear is that channel stuffing at Government Motors, whose Chinese sales are far more important than US sales these days, just hit a new all time record of 577,000, higher than the previous record of 574,000 from March, and 149,000 higher compared to a year ago. The good thing is that GM will never be able to complain about lack of inventory: it now has two and a half months worth of sales equivalent parked on warehouse financed dealer storefronts, in the form of rapidly depreciating autos.
"General Motors Co. reported a 26% surge in April vehicle sales... helping to push the company’s stock back above its initial public offering price."

BTW, a 60 to 70 day supply is about normal. Seems like that is 2 to 2 1/2 months. Even the hot selling cars are 15 to 20 days.

Tons of mis information there. Did you copy that? or is it your post?

[DGthe3]

Looks like the Cruze might clear a quarter million units on the year. Should easily surpass 200k.

[Epitaph]

Originally Posted by Number 3

BTW, a 60 to 70 day supply is about normal. Seems like that is 2 to 2 1/2 months. Even the hot selling cars are 15 to 20 days.

Tons of mis information there. Did you copy that? or is it your post?

LINK

[DGthe3]

Here is the summary of the major automakers via autoblog:


GM..................... + 27.01 % 232,538
Chrysler Group....+ 22.49 % 117,225
Ford Mo Co........ + 16.43 % 189,778
Nissan NA............+ 12.16 % ..71,526
American Honda.+ ..9.76 % 124,799
Toyota Mo Co......+...1.33 % 159,540


by the way, want me to change the title there for you Fen? GM's up 27% not 22%

[FenwickHockey65]

Originally Posted by DGthe3

Here is the summary of the major automakers via autoblog:


GM..................... + 27.01 % 232,538
Chrysler Group....+ 22.49 % 117,225
Ford Mo Co........ + 16.43 % 189,778
Nissan NA............+ 12.16 % ..71,526
American Honda.+ ..9.76 % 124,799
Toyota Mo Co......+...1.33 % 159,540


by the way, want me to change the title there for you Fen? GM's up 27% not 22%

Yeah, if you want. I just copied it off GMI's headline, not sure what the deal is with that one.

[DGthe3]

Originally Posted by FenwickHockey65

Yeah, if you want. I just copied it off GMI's headline, not sure what the deal is with that one.

I blame lazy mods on GMI for not fact checking ...

[BackinBlackSS/RS]

Originally Posted by FenwickHockey65

Any article that refers to GM as "Government Motors" isn't credible in the least bit and should be regarded with as much relevance as a pile of dog crap.

Exactly, they just lost ALL credibility by using that derogatory name. It's not even laughable, it's barely pathetic.

[FenwickHockey65]

Originally Posted by DGthe3

I blame lazy mods on GMI for not fact checking ...

It wasn't a mod who posted it. =P

Oh, and we were distracted since a certain someone made his first post on GMI today...

He goes by the title of "President - General Motors North America."

[DGthe3]

Originally Posted by FenwickHockey65

It wasn't a mod who posted it. =P

Oh, and we were distracted since a certain someone made his first post on GMI today...

He goes by the title of "President - General Motors North America."

psh, excuses excuses

[Number 3]

Originally Posted by FenwickHockey65

It wasn't a mod who posted it. =P

Oh, and we were distracted since a certain someone made his first post on GMI today...

He goes by the title of "President - General Motors North America."

Yeah, psshhhhhh.

He posted on Camaro5 first.