OUCH! GM sales plummet 21%
 

GM sales plummet 21%

Big Three automakers continue to lose ground to imports as all U.S. car makers report lower sales, and most overseas automakers post strong gains.

http://money.cnn.com/2007/07/03/news...ex.htm?cnn=yes

Re: OUCH! GM sales plummet 21%
 

Yea I saw that. And Toyota seems willing to "buy" market share (discounting and cutting margins) on it's trucks which just adds to their market share growth.

Re: OUCH! GM sales plummet 21%
 

What about Hummer's earnings? Last I knew, I thought they were doing pretty good...:confused:

Re: OUCH! GM sales plummet 21%
 

Hummer earnings are not disclosed separately. But I'd like to see the sales statistics (units) too.

Re: OUCH! GM sales plummet 21%
 

Maybe the V8 in the H3 will help boost sales too?

Toyota is offering 0% on the new Tundra so they must not be selling as well as the hoped for or are doing to sway fullsize buyers to Tundra?

Jeep can't build the 4-door JK Wranglers fast enough and now they are having a big recall for stalling.

Re: OUCH! GM sales plummet 21%
 

"In a sign of Toyota's new-found muscle, the Japanese automaker rattled Detroit by offering zero-percent financing and cash rebates on its all-new Tundra pickup truck in June.
That aggressive discounting caused sales of Toyota's new full-size truck to more than double in June, stealing share in the last U.S. market segment dominated by the Detroit Three."

Looks like Tundra sales were boosted by the incentives.

Re: OUCH! GM sales plummet 21%
 

But Tundra has a way to go:

Chicago, July 3 (Reuters) - The following are the 20
top-selling vehicles in the United States through June of 2007
as reported by the automakers.
Total sales of the top 20 vehicles rose 4 percent or116,756 units to 3,003,179. Following is a list of the top-20 selling vehicles, rankedby total units.RANK VEHICLE 2007 2006 '06 RANK % Chng 1 Ford F-Series P/U 355,438 400,177 1 -11.2 2 Chevy Silverado-C/K P/U 310,896 317,169 2 -2.0 3 Toyota Camry 240,530 218,517 3 +10.1 4 Toyota Corolla 202,221 197,303 6 +2.5 5 Dodge Ram P/U 185,257 183,174 4 +1.1 6 Honda Accord 182,346 178,116 5 +2.4 7 Chevrolet Impala 180,390 144,730 13 +24.6 8 Honda Civic 173,800 165,056 7 +5.3 9 Nissan Altima 140,253 116,959 9 +19.9 10 Honda CR-V 104,179 72,054 +44.6 11 Dodge Caravan 103,562 125,813 12 -17.7 12 GMC Sierra P/U 99,293 101,618 10 -2.3 13 Ford Focus 96,732 96,396 17 +0.3 14 Chevrolet Cobalt 96,437 119,952 15 -19.6 15 Ford Econoline/Club Wagon 94,835 90,928 21 +4.3 16 Toyota Prius 94,503 48,156 33 +96.2 17 Ford Escape 92,205 89,339 22 +3.2 18 Toyota-RAV4 87,124 75,015 35 +16.1 19 Toyota Tundra 82,840 57,458 16 +44.2 20 Honda Odyssey 80,338 88,493 20 -9.2

Re: OUCH! GM sales plummet 21%
 

It's plain to see that if it wasn't for "rednecks" and their main mode of transportation,the "pickup"truck,Toyota would rule.Way to control the auto industry all you good ole boys.

Re: OUCH! GM sales plummet 21%
 

man seriously, i saw that earlier today, totaly sucks. This dont look ood now, but i got a feeling they will pick up in the upcoming years. i just hope my feelings are rite, otherwise we mite all be driving FJs.:(

Re: OUCH! GM sales plummet 21%
 

LOL....:perfect10s: :jump:

Re: OUCH! GM sales plummet 21%
 

I wouldn't call myself a redneck, but I have owned all GM:
92 Camaro
99 Firebird
07 H3

Next might be a caddy.

Re: OUCH! GM sales plummet 21%
 

With gas prices rocking the consumer confidence noone is setting the world on fire. GM is tring to make more money over sales, something they have not done in a very long time. Fleet sales will in the end hurt so let toy have it.

Re: OUCH! GM sales plummet 21%
 

Her is some of what was put out by GM:

DETROIT ? GM dealers in the United States delivered 326,300 vehicles in June, down 24 percent, compared with year-ago monthly sales. The decline was partly attributed to a planned reduction of an additional 13,487 daily rental sale vehicles in the month. GM now has taken more than 92,000 daily rental vehicles out of the sales totals in 2007.
?Given the planned reduction in daily rental sales, we expected June would be a tough comparison to a year ago. Our retail performance for the month was also below the solid running rate we?ve experienced for the first half of the year which we attribute to a soft industry and lower incentive spending than our competitors. However, we continue to believe that maintaining a disciplined approach to both incentives and daily rental car sales is key to making our marketing strategy work in the long run,? said Mark LaNeve, vice president, GM North American Sales, Service and Marketing.
?We continue our focus on the retail side of the equation and first-half results were solid,? LaNeve added. ?We are delighted with the continuing success of new products, especially the GMC Acadia, Saturn OUTLOOK and Buick Enclave. As with many of our vehicles, these all-new crossovers offer great fuel economy, terrific performance and outstanding value. For example, a year ago we were selling only about 3,000 mid-utility crossover vehicles. This June we blew the doors off the segment with deliveries in excess of 15,000.?
Increased sales of the Saturn AURA, as well as the new mid-size crossovers GMC Acadia, Saturn OUTLOOK and Buick Enclave, demonstrate GM?s strong positioning in the marketplace for fuel-efficient vehicles. The GMC Acadia, Saturn OUTLOOK and Buick Enclave had retail sales of more than 12,000 vehicles, pushing a significant retail increase in GM?s mid-crossover segment. GM?s total sales of more than 15,000 vehicles in this segment pushed monthly performance up more than 377 percent, compared with the same month last year.
The all-new Chevrolet Silverado and GMC Sierra full-size pickup trucks ? fuel efficiency leaders in their class ? helped the GM full-size pickup segment post a first half 2007 sales increase, compared with the same period a year ago, in a challenging industry environment. The Silverado and Sierra also offer the best warranty coverage and residual values in segment, a winning combination for these products.


Sales for Hummer were:
H1 - 5 verses 57 for 2006 -57.9%
H2 - 945 verses 1365 for 2006 -33.3%
H3 - 4143 verses 4239 for 2006 -5.9%

Hummer Total 5093 verses 5661 for 2006 -13.4%

So H3 wasn't all that far off. The V-8 should help pick up sales.

Re: OUCH! GM sales plummet 21%
 

H3 sales are holding up. H2 sales slide continues.

Re: OUCH! GM sales plummet 21%
 

H3 sales are holding pretty steady. H2 sales slide continues.

Re: OUCH! GM sales plummet 21%
 

You may be right but you know it will never happen...

Re: OUCH! GM sales plummet 21%
 

Now guys....

Imagine the unthinkable>>>

GM fails and goes out of business. Toyota and Nissan totally dominate the market with Ford as a distant third.

Now... here's the rub:

Can you imagine demand for, and what our "used" Hummers would be worth in that scenario???!!!

Ahhhh... the dreams of a vehicle to match the rise in value of a Shelby Cobra!

Happy 4th!

Re: OUCH! GM sales plummet 21%
 

I would have gladly bought an H2, but couldn't come up with another $30,000. It was hard enough to convince my wife to let me spend $40,000...

Re: OUCH! GM sales plummet 21%
 

I belive builders post supports my statement. Fleet sales were killing retail. Why spend 20 k on a G6 or other product when you can get the fleet dump of same model year for 6 k less. I still belive now is the time to buy GM stock. I don't have the cash but they will come back. World markets are going to make GM grow.

Re: OUCH! GM sales plummet 21%
 

GM and Ford have been spewing crap about fleet sales for 10 years. And the numbers fluctuate but they are still huge. Fleet sales/rental cars kill the resale values which increases the cost of ownership to the average retail buyer.

I prefer Apple stock personally, got in cheap during the last market slump. But GM does look like it might be worth taking a position, but still very risky.