01-03-2018, 04:15 PM | #1 |
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GM December 2017 Sales Down 3.3%, 308,539 Units Sold
Three-peat: Chevrolet’s Retail Share Grows for Third Consecutive Year – up 1 point since 2015
Buick and GMC Buck the Industry to Post Double-digit Retail Sales Gains in December General Motors January 3, 2017
DETROIT — General Motors (NYSE: GM) delivered 3,002,241 vehicles in the United States in 2017, including more than 1.3 million trucks and 965,090 crossovers. In the process, GM set new annual sales records for pickup and crossover deliveries, electric vehicles sales, average transaction prices and more. GM also reduced year-end inventories more than its target. Inventories were 752,554 units, down 90,000 from a year ago. Days supply was 63 days. Chevrolet Momentum
The Fastest Growing Crossover Company
The Industry’s Best-selling Trucks
The Leader in Affordable, Long-range EVs
Record ATPs
Best Commercial and Government Deliveries Since 2008
Total and Retail Sales
December Highlights (vs. a year ago) Corporate
Chevrolet
Buick
GMC
Cadillac
2018 Outlook Mustafa Mohatarem, GM’s chief economist, forecasts 2018 total vehicle sales (including medium and heavy trucks) to exceed 17 million units for the fourth year in a row. Light vehicle sales are forecasted to be in the high 16 million-unit range. “In 2017, we had solid GDP growth and good news on employment, wages and consumer sentiment, which helped deliver very strong retail sales for the auto industry,” he said. “This year, many consumers will see their take-home pay rise because of tax reform. That will keep the broad economy growing, and help keep sales at very healthy levels even as the Fed increases interest rates.” GM is well positioned heading into the new year because of its low inventories and multi-year strategy to redesign and expand its truck and crossover portfolio. On a retail basis, 78 percent of GM sales are now trucks and crossovers, compared with an industry average of 65 percent. “We are winning customers in the fastest-growing parts of the market, and our momentum continues to grow because we have strengthened our brands, grown our Commercial and Government business, sharply reduced rental sales and successfully transitioned to a crossover- and truck-focused business,” said Kurt McNeil, U.S. vice president of Sales Operations. “We are starting 2018 with very lean inventories for such a strong industry, and we see more room to grow because Chevrolet, Buick and GMC will have a full year of sales of their all-new crossovers, and we are going to launch the industry’s best full-size pickups.”
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01-03-2018, 04:22 PM | #2 |
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The competition:
Ford Motor Company: Up 0.9%, 242,049 units sold Toyota: Down 8.3%, 222,985 units sold FCA: Down 11%, 171,946 units sold Honda: Down 7%, 149,317 units sold Nissan: Down 9.5%, 138,226 units sold Hyundai-Kia: Down 8.6%; 106,633 units sold VW: Down 5.2%, 61,556 units sold
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
01-03-2018, 04:27 PM | #3 |
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2017 YTD:
General Motors Company: Down 1.3%; 3,002,241 units sold Ford Motor Company: Down 0.9%; 2,575,200 units sold Toyota: Down 0.6%; 2,434,515 units sold FCA: Down 8.2%; 2,059,376 units sold Honda: Up 0.2%; 1,641,429 units sold Nissan: Up 1.9%; 1,593,464 units sold Hyundai-Kia: Down 10.4%; 1,275,223 units sold VW: Up 5.8%; 625,068 units sold
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
01-08-2018, 01:00 PM | #4 | |
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Quote:
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01-08-2018, 01:41 PM | #5 | |
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Quote:
But with the impact of plentiful shale oil in the US and the current administration being in favor of (cheap)energy of all types whereas the previous administration was not, I think we will see this trend continue for the next several years. We should not see a return to $4 gas for a good long while unless a major/global crisis/event occurs. |
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01-08-2018, 02:04 PM | #6 |
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It's more of a gamble in Ford land, where they are supposedly going to ax some car models to better concentrate on trucks, suvs and crossovers
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01-08-2018, 02:50 PM | #7 |
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I'm sure GM is planning on doing something similar. Impala is a dead man walking, I doubt GM will bother importing Spark after this generation, Volt will probably become a crossover, and 2nd gen Sonic has been pushed back several times now.
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