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Post Info TOPIC: GM's Sales for April


GMPenguin

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GM's Sales for April


 

  • Cadillac Sales Up 19 Percent; Led by Best-Ever STS Sales and Record CTS Sales
  • Pontiac G6, Chevrolet Cobalt and Buick LaCrosse Again Post Best Sales
  • GM Combined Launch Car Deliveries Up 9.5 Percent Compared to Year-Ago Levels


DETROIT - General Motors dealers sold 385,939 new cars and trucks in April. Overall, GM sales were down 7 percent on a selling days adjusted basis. GM's truck sales (215,321) were down 17 percent, due in part to a difficult year-ago comparison when GM set an industry sales record. Car sales (170,618) were up 7.5 percent, paced by solid sales of key launch vehicles.

"We are pleased with the momentum and enthusiasm for our new models," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "High volume sedans such as the Pontiac G6, Chevrolet Cobalt and Buick LaCrosse are vital to our success in the marketplace. We are beginning to show significant year-over-year gains with our launch cars compared to the models they replaced. Of note, Cobalt achieved a new sales benchmark with nearly 23,000 deliveries this month. Also, our newest trucks, Chevrolet Equinox and Colorado and GMC Canyon all posted record sales in April."

Cadillac delivered strong sales results in April, achieving a 19 percent increase over year-ago levels. The improvement was driven by a 45 percent increase in car sales. STS, Cadillac's latest entry into the luxury car segment, recorded its third consecutive month of sales increases, with a 20 percent improvement over March. The exceptional sales performance of CTS continues well into its fourth year on the market, with April sales 26 percent greater than last year, establishing a new monthly record.

Chevrolet car sales increased 20 percent in April, driven by the new Cobalt, which had its best-ever monthly sales. Cobalt deliveries jumped an impressive 59 percent compared to March levels, which was its previous high. Economy segment-leading Aveo also contributed to the increase in Chevrolet car sales, achieving record monthly sales that were up 43 percent compared to year-ago levels. On the truck side, Equinox sales were up 76 percent, surpassing the 10,000 unit-sales mark for the sixth time in the last eight months. Colorado achieved record sales in April, with deliveries that were 17 percent above year-ago levels. Chevrolet's product barrage continues throughout 2005 with launches scheduled for the Cobalt SS coupe and Cobalt SS sedan, HHR, and the new Impala and Monte Carlo.

Pontiac G6 sales continued to strengthen, with its best monthly sales to date. Deliveries were 23 percent greater than March levels. Sales of the G6 are expected to continue to grow with the scheduled addition of a coupe and a 4-cylinder sedan this summer and a retractable hardtop convertible anticipated in early 2006. Solstice, Pontiac's exciting new roadster is scheduled to begin production this summer. Canyon, GMC's new entry in the mid-size pickup segment also posted record deliveries, up 41 percent compared to last year.

Sales of Buick's new midsize car, LaCrosse, continue to gain traction. LaCrosse had its best-ever monthly sales, with deliveries 5 percent higher than March levels. LaCrosse retail sales for the third consecutive month outpaced year-ago combined Century and Regal retail sales achieving a noteworthy 74 percent improvement. Lucerne, Buick's new entry-luxury sedan, is scheduled to arrive in dealers' showrooms later this year.


Sales Link

-- Edited by ifcar at 17:53, 2005-05-03

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V-12

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Well, that's good. Now they just need to start making money.

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-Matt


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quote:
Originally posted by: thewizard16

"Well, that's good. Now they just need to start making money."


Their car lines are starting to do well, and when they redesign their trucks, GM should be in a strong position.

-- Edited by ifcar at 06:21, 2005-05-04

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GMPenguin

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quote:

Originally posted by: ifcar

" Their car lines are starting to do well, and when they redesign their trucks, GM should be in a strong position. "

I sure hope so.  But I'm afraid it's going to take much more to get GM back to how they used to be, especially since there aren't many trucks in Pontiac and Buick's lineup.

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.


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quote:
Originally posted by: Kevin

"I sure hope so.  But I'm afraid it's going to take much more to get GM back to how they used to be, especially since there aren't many trucks in Pontiac and Buick's lineup."


Not at all. It used to be that all of GMs cars were aging and/or mediocre, requiring substantial rebates to sell even reasonably well, while their pickups and SUVs kept GM from losing too much money.

Now, GM is having some serious successes with their cars, and its trucks are the old rebate-requirerers. And when the new versions of those trucks go on sale soon, their sales and profitability should go up, and GM should be in much better shape (the entire reasoning behind rushing the GMT900s to production).

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GMPenguin

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quote:

Originally posted by: ifcar

" Not at all. It used to be that all of GMs cars were aging and/or mediocre, requiring substantial rebates to sell even reasonably well, while their pickups and SUVs kept GM from losing too much money. Now, GM is having some serious successes with their cars, and its trucks are the old rebate-requirerers. And when the new versions of those trucks go on sale soon, their sales and profitability should go up, and GM should be in much better shape (the entire reasoning behind rushing the GMT900s to production)."

You make a very good point, and while their new cars are good, they need great cars that can be superior to their competitors.  If they are going to have a very good and steady chance of being #1 then I think they will have to work on their cars quite a bit afterwards.  I say quite a bit because they worked hard on their new cars (I assume) and so it should take even more to make better ones.

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.


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quote:
Originally posted by: Kevin

"You make a very good point, and while their new cars are good, they need great cars that can be superior to their competitors.  If they are going to have a very good and steady chance of being #1 then I think they will have to work on their cars quite a bit afterwards.  I say quite a bit because they worked hard on their new cars (I assume) and so it should take even more to make better ones."


#1 at what? They're already the best-selling, and there is little chance that they will pass Toyota's profitability anytime soon.

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GMPenguin

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quote:

Originally posted by: ifcar

" #1 at what? They're already the best-selling, and there is little chance that they will pass Toyota's profitability anytime soon."

But Toyota is gaining and there's a good chance they will lose their spot.

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.


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RE: RE: RE: RE: RE: RE: RE: RE: GM's Sales for Apr


quote:
Originally posted by: Kevin

"But Toyota is gaining and there's a good chance they will lose their spot."


That's not how you phrased it.

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GMPenguin

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quote:

Originally posted by: ifcar

" That's not how you phrased it."

My first or 2nd post?

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.


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RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: GM's Sales


quote:
Originally posted by: Kevin

"My first or 2nd post?"


Where you said "they are going to have a very good and steady chance of being #1", speaking about GM in the future tense, as if they weren't already "#1" (at least in sales).

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GMPenguin

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quote:

Originally posted by: ifcar

" Where you said "they are going to have a very good and steady chance of being #1", speaking about GM in the future tense, as if they weren't already "#1" (at least in sales)."

Well, I meant to keep their spot.

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.


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RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: GM


quote:
Originally posted by: Kevin

"Well, I meant to keep their spot."


What you mean and what you say are often unrelated.

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GMPenguin

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quote:

Originally posted by: ifcar

" What you mean and what you say are often unrelated. "

KPGM

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.


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RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE


quote:
Originally posted by: Kevin

"KPGM"


IPGM helping to keep this alive.

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V-12

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RE: RE: RE: GM's Sales for April


quote:

Originally posted by: ifcar

" Their car lines are starting to do well, and when they redesign their trucks, GM should be in a strong position. -- Edited by ifcar at 06:21, 2005-05-04"

I think GM will be in a strong position sales wise no matter what. The real trick is going to be making enough profit to put them in a more stable financial position, at least in the eyes of the investor. I think they'll do it, but I think it'll take a couple of years to do. I don't expect Toyota profit out of them, that's basically impossible, or even Honda profit, that's still very unlikely, but it would be nice to see them making some money.

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quote:
Originally posted by: thewizard16

"I think GM will be in a strong position sales wise no matter what. The real trick is going to be making enough profit to put them in a more stable financial position, at least in the eyes of the investor. I think they'll do it, but I think it'll take a couple of years to do. I don't expect Toyota profit out of them, that's basically impossible, or even Honda profit, that's still very unlikely, but it would be nice to see them making some money."


GM's products are improving. That's the easy part. The hard part is convincing consumers that the products are worth much closer to sticker price, and convincing investors that the company is back on track. And that'll take much longer.

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