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04-10-2006, 02:10 PM
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#1 (permalink) |
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News Contributor
Join Date: Nov 2004
Location: New York
Drives: 2008 Saab 9-5 Sedan
Posts: 4,069
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GM: April Sales Are "Off To A Decent Start"
Link: http://biz.yahoo.com/rb/060410/autos_gm_sales.html?.v=2
LOS ANGELES (Reuters) - General Motors has posted stronger vehicle sales in early April than the automaker recorded in March, Paul Ballew, GM's market analyst told investors on Monday. "April is off to a decent start," Ballew said at a conference sponsored by Morgan Stanley and monitored by Webcast. "I caution everyone that it is early, very early, but we like the start." Ballew said GM's sales results to date for April showed some improvement from March, when overall vehicle sales dropped almost 15 percent. |
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04-10-2006, 02:26 PM
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#4 (permalink) | |
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News Contributor
Join Date: Nov 2004
Location: New York
Drives: 2008 Saab 9-5 Sedan
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Re: GM: April Sales Are "Off To A Decent Start"
Quote:
Two reasons - -Fleet sales are usually reported at the end of each month. -GM told Wall Street last month that they would try to decrease fleet sales. I doubt they would go back on their word so very soon. |
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04-10-2006, 02:35 PM
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#5 (permalink) |
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GMI Staff Member
Join Date: Jul 2004
Location: The Good Ol United States of America
Posts: 8,863
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Re: GM: April Sales Are "Off To A Decent Start"
Great news!
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04-10-2006, 02:37 PM
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#6 (permalink) |
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7.0 Liter LS7 V8
Join Date: Dec 2003
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Re: GM: April Sales Are "Off To A Decent Start"
Oh, "DECENT." You can take that kind of sales result right to the bank.
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Used to own: 1959 Cadillac Series 62, 1960 AMC Rambler Six, 1998 Chevrolet Malibu, 2000 Saturn LS2, 2005 Chrysler 300C, 2006 Pontiac G6 GTP |
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04-10-2006, 02:38 PM
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#7 (permalink) |
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3.9 Liter V6
Join Date: Oct 2004
Location: SoCal
Posts: 994
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Re: GM: April Sales Are "Off To A Decent Start"
I like that he specified that sales were improved from last month. I really don't like it when they make YOY comparisons because it doesn't show current momentum of sales.
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04-10-2006, 02:44 PM
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#8 (permalink) | |
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3.6 Liter V6
Join Date: Jan 2005
Location: Atlanta
Posts: 1,109
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Re: GM: April Sales Are "Off To A Decent Start"
Quote:
Ah yes but how else will the short sellers of GM stock get their negaitve stories!!  In all seriousness, I think both types of comparisions should be used. Month to month tracking (i.e. March - April) does indicate short term trends, but YOY comparisons also account for seasonality in sales, and longer term trends which are just as important (if not more so) than short term trends.
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"Whenever I’m suffering from Insomnia, I just look at a picture of a Toyota Camry and I’m straight off.." "This is a Renault Espace, probably the best of the people carriers. Not that that's much to shout about. That's like saying 'Oh good, I've got syphilis, the best of the sexually transmitted diseases!" www.dickipedia.org |
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04-10-2006, 03:27 PM
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#9 (permalink) | |
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Banned
Join Date: Nov 2005
Location: England
Drives: honda civic 2 liter type-R 3 door hatchback
Posts: 174
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Re: GM: April Sales Are "Off To A Decent Start"
Quote:
"the sales are better than last month's but not better than last april's; so brace yourself for a year on year decline" the industry always compares sales with the corresponding month of the previous year. if the sales were really better than april 2005 he would have mentioned exactly that! |
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04-10-2006, 03:35 PM
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#10 (permalink) |
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6.2 Liter Vortec V8
Join Date: Feb 2005
Drives: 2009 Acura TSX
Posts: 2,632
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Re: GM: April Sales Are "Off To A Decent Start"
I hope the trend continues.
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Current: 2009 Acura TSX Gone but not forgotten: 2001 Saturn L300 1993 Saturn SL2 1986 Nissan Sentra |
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04-10-2006, 03:36 PM
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#11 (permalink) |
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7.0 Liter LS7 V8
Join Date: Aug 2004
Location: New York
Posts: 7,501
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Re: GM: April Sales Are "Off To A Decent Start"
I'll say the same thing I say when NYT or some other publication says that the domestics are off to a rough start for a month: Wait till the month is over.
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 God Bless the Blue Bullet. |
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04-10-2006, 03:48 PM
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#13 (permalink) |
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3.6 Liter V6
Join Date: Jan 2003
Posts: 1,078
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Re: GM: April Sales Are "Off To A Decent Start"
YOY comparisons are important because there are some months that people prefer to buy cars in, so comparing a winter month to a summer month wouldn't really give you an accurate picture. Now, as far as new models a MOM comparison is much better showing whether the model is gaining traction in the market or not.
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04-10-2006, 04:04 PM
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#14 (permalink) |
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3.9 Liter V6
Join Date: Apr 2005
Location: NY
Drives: 2005 Pontiac G6
2005 Jeep Grand Cherokee
Posts: 912
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Re: GM: April Sales Are "Off To A Decent Start"
I have 2 words for you before everyone gets all excited..... TAX RETURNS.
That is the only reason, why else would the first week in April be going any better than March? Because people who filed between the mid-February and mid March and now getting their checks or deposits. I'll be excited if May has the same start as April, because I don't see April holding on strong.
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God, I still can't believe that the GTO is getting yet another chance while the Firebird has to sit out yet again.... How many times is the b@st@rd child going to get at bat before the venerated veteran gets to return to the game??? Lutz, Wagoner.... time to go to the retirement home.... You've left your keys in the fridge one too many times. |
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04-10-2006, 04:08 PM
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#15 (permalink) |
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3.5 Liter V6
Join Date: Oct 2004
Posts: 240
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Re: GM: April Sales Are "Off To A Decent Start"
I think it will be an increase over April of last year.
I am finally seeing more cobalts, impalas, new tahoes/escalades, HHR, G6 and Lucernes. The new GM vehicles really stand out than what they used to. On the negative side, I have only seen 2 G6 coupes, no malibu or cobalts SS, no solstice yet, only 2 impala SS and it seems the newer malibu (updated grill) has not made a big impact yet where I live. I live in jersey so I see plenty of cars everyday, its actually depressing. |
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