Skip to comments.GM Reports 558,092 Deliveries in June, Up 41 Percent
Posted on 07/02/2005 2:21:58 PM PDT by pure_capitalist
Click on the link and scroll down to see model-by-model sales stats.
(Excerpt) Read more at media.gm.com ...
I guess that Employee Discount program is helping!
What percent do employees get for a discount?
only 2 days left
Naive question: is this a typical season gain, or more than typical?
What happens to sales when this program goes away?
Slightly misleading there. From the presser:
"Calendar year-to-date sales are up 2.5 percent, with truck deliveries up 6 percent and car sales down 3 percent. Second-quarter sales increased 9 percent, with truck deliveries up 12 percent and car sales up 3 percent."
They're only up 2.5% year to date, even with continued 0% *and* the Employee Discount program? That's not real impressive.
Most of these sales "improvements" are for models that didn't exist a year ago, too. When those new models replace an old model, the sales numbers usually aren't equalling the old model's numbers. Most of the sales improvements are because they have more models to sell.
Another telling line: "Chevrolet had its best sales since ***1986***, driven by record truck sales that were up 66 percent. "
Even with the Employee Discount, this little bump isn't sustainable. Another telling question - where's the earnings forecast that hasn't been updated since April? Why isn't GM crowing about the profits that all these cars should be bringing in.
More spin from GM.
It's within typical tolerances. The real, important number to look at here is 2.5%, not 41%.
That giant flushing sound starts up again.
Will there be beer and hot dogs to accompany the fireworks?
roughly 11-12 % off MSRP is common
I suspect there will be, yes. But they'll be served by non-union workers, and the event will be the collapse or takeover of GM and the destruction of the UAW/GM alliance/organization as we know it.
The biggest upside to this is all the showroom traffic that it brings. 150,000 new customers could bring Friends and family into the GM ranks if the cars are good enough, or bring back folks who had previously written off owning a GM product. It has stirred up intrest in the products again, and when was the last time that happened?
GM made the same money as they always do. Dealers made less, as dealers buy the car or truck for the same price every time. This is the smartest thing GM has ever done.
This would be a good time for GM to sell itself. If they wait the trend appears to be down with the step at 31 being temporary. I don't know if GM has anything by way of assets that is worth the price and they have a couple of red ink items. Who knows why anybody would buy the red ink unless they are making a horizontal integration.
People are buying these cars because they are now stupidly cheap, not because they're particularly good. Colleagues who have bought cars during this marketing campaign have told me that they really didn't like the vehicles, but the low price made up for the many shortcomings. Also, notice that GM didn't break them down into leases (which are often counted as "sales") and outright sales. I suspect a large proportion of these "sales" are actually leases, which will come back to haunt GM in two to three years, at least if what I've seen is any indication.
You might want to go ask a dealership about that. GM's doing price protection for dealers, so dealers are getting protected - GM's eating the difference.
The only thing GM has that's worth buying is GMAC and their interests in many foreign car companies, that's about it. Their interest in Delphi is also worth something.
Hummer sales up 198%. ROFL!!!
The H3 is the reason for the Hummer sales boost.
"Wow, you bought an "H3" and got a rebodied Trailblazer!"
YTD car sales by production region:
GM North America: down 5%
GM Import (outside of North America): Up 41.4%
Yup, GM still can't make a decent car with their US plants.
Hey, hey, ho, ho, UAW's gotta go!
The sales go away too.
Though I predict they extend it.
Keep reading down the charts and you will see GM truck in North America are way up.
It's obvious they are producing trucks here and cars overseas.
Agreed, although an awful lot of those trucks are made in Canada and Mexico.
That said, the truck sales boost is understandable. They took the biggest cuts there (since the trucks were where GM was making money - and had the highest profit margins). But still, GM's not talking about any profits from these sales...
For whatever it's worth ... I got my brand-new red BUICK LaSabre CENTENNIAL EDITION this week. Love it!!! Employee discount + rebate was worth it.
Hope you got the extended warranty with that. If my client's fleet of LeSabres (don't look at me, I didn't pick them) is any example, you're going to need it.
robbing peter to pay paul.
One of the two 1st Cavalry SkyTroopers seen off-loading a Chevrolet Corvair-engined Mule Vehicle from a CH-47 Chinook Helicopter on the top of a Vietnam hill...
...is seen in the 2nd Photo of this link:
He is Sp/4 JOHN HIGGINS of Detroit, employed by General Motors prior to his being drafted into the U.S. Army.
After Vietnam HIGGINS returned to General Motors, after which he was to eventually become platform engineer for Chevrolet's new SSR Sport Truck.
Now who woulda thunk..?
This sounds a lot better than it is. My friend sells tools to auto workers in the Detroit area and she has never seen it so slow.
Regarding the H3
I'd like to see one. Are they worth the price? What about the mileage?
I have narrowed my fall choices between that, the GMC Envoy, and the mid size Toyota SUV..which I can't remember the name of right now.
H3's are Trailblazers/Envoys with a less aerodynamic bodykit and a slight body lift. IIRC, the mileage with the same engine is worse.
No, they're not worth the premium. If you want an Envoy with a V8 (and you must have a GM SUV) save your money and get a Tahoe. More truck, V8 engines, less cost.
You might want to look at the Nissan lineup, as well as the Infiniti FX series, depending on what you want to do with your SUV.
All honor to his service, but he's a schmuck when it comes to designing a car. The SSR is a sick joke that's not selling. Sorry. :(
It's already underway, but we, the taxpayers, will have to pick up all those retirements that GM won't be able to pay for.
Except that the GM execs will probably be getting a free trip to jail when all this is over... too many shenanigans in the post-Enron era.
GM's not hurting the dealers since they're rebating the difference in price to the dealers at this point (I asked the local Pontiac dealer about that). So that's more money out of GM's pocket.
As for who might pick up the pieces? Nissan's not interested, Mitsu has troubles of its own. Toyota is the front-runner, with Honda a distant second. Both have current alliances with GM as well as substantial investments in US plants.
When JD Powers stopped their disclosure of who was funding what studies and stopped making all their studies available to the press, they stopped being a reliable instrument and instead became an organ for whoever was paying.
What I want is, a 4WD with four doors (not a pickup), with enough power to get up my mountain in the winter and as good a gas mileage as I can get.
It also has to have the room to accomodate my 6 foot, 275 LB frame. Yep, I'm a big boy.
I am not wed to a V-8, by the way..I'd like to have something that gets 25mpg highway at least..
This program is not something nice done by GM. Except for the marketing they are contributing not one penny to the implementation of the program. It is all coming from the dealers buy forcing them to cut their margins."
It's not as if that is unfair... in the internet age, customers are trying to get the best deal, and you don't need much markup on cars, and that overhead of dealer profit cuts into maufacturer bottom line. We've always known the invoice price of cars we were buying and worked from there NOT sticker in negotiations. Felt pretty good 2 years back to get an Acura MDX for about $500 over invoice at a time when supply was limited. ... now, in GM you have a company that needs sales just to keep moving forward, they'd take below invoice if they good - hence why not just give em the employee discount and be done with it. They have huge sunk costs and cannot afford sales drops.
Squeezing costs and prices is the way to go.
Actually, the ground clearance is the result of the body lift and large tires more than anything else. It shares a *lot* more parts than you think, especially since a lot of the "HUMMER" parts are really renumbered standard GM parts. That's how they get away with saying that "part X is different - see, the numbers don't match!"
Of course, anyone that's looked at an H2 and a Tahoe Z71 4x4 up on racks next to each other knows that GM's lying about that.
"I am sure it will bring the shares up before it is taken over."
Is a takeover in the cards?
Why would anyone want GM, with all that medical liability?
OK, I've got some ideas... You just use it for on road winter driving, not offroading, right?
i've owned nothing but gmc trucks and they have been very reliable. What adds to the fun is knowing that I can smoke any rice grinding toyota out there and laugh all the way down the road. You can have your toyotas.
The dealership owner. He's in the same Jag club I'm in.
Remove any profit from the item you are selling and, gee whiz, a lot of people will swoop in and get it at virtual cost.
"Who'd want GM with their medical liability..."
Maybe that is Ford's idea with being so pro-gay.
Everyone knows that gays live about 30 years less...
Therefore less medical bills to pay!
Um... you haven't seen a Land Cruiser lately, have you?
As for smoking, I believe that the GM C/K 1500s are slower than the Toyota Tundras.
Nope, no mudding..just getting up a slick and icy mountain in the snow...occasionally crossing a muddy creek. But I am not big on bouncing around in the backwoods.
Bad for my back...you know?
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