GM July sales down 26.7%

[AMERICA 123]

Originally Posted by pontiacjs

only down 26% for July is going to be great news compared to how bad August will be.

Well..... who knows...... the trend line is heading south.

Again, way faster than predicted ( for this time period ) - by almost all - for the last 9 months.

http://www.reuters.com/article/marke...0080801?rpc=44

DETROIT, Aug 1 (Reuters) - U.S. auto sales were running at a seasonally adjusted annual rate of about 12.7 million units in July, based on a calculation by Reuters from sales data released on Friday by automakers representing over 80 percent of the market.

The seasonally adjusted annual rate, or SAAR, is a closely tracked indicator of auto industry demand.

Sales results included the top six automakers in the U.S. market:

Late add - its worse - more like 12.55 million for JULY 2008'S SAAR.

[WishIhadatruck]

This is pretty sad. Even if GM had a full line up of good cars they would be having issues. The economy and fuel costs are killing everyone. As was already stated, the Cruze can't get here soon enough, along with a more fuel efficient and safer Aveo.

[emh]

For comparison:

Nissan UP 8%
Honda DOWN 1.6%
Toyota DOWN 12%
Ford DOWN 15%
Chrysler DOWN 29%

http://money.cnn.com/2008/08/01/news...ion=2008080115

[AMERICA 123]

Originally Posted by pinyon

Trucks down 41.5%.

Light trucks are what matters most here.

GM Light Truck Total

128,005 - JULY 2008 SALES VOLUME

196,004 - JULY 2007 SALES VOLUME

-34.7% - RAW VOLUME DIFFERENCE JULY'08 vs. JULY'07

-39.7% - DSR ADJUSTED % VOLUME ..."......."......."


______________________________________________

1,027,733 - YTD TOTAL VOLUME JULY 2008

1,333,462 - YTD TOTAL VOLUME JULY 2007

-22.9% - RAW VOLUME DIFFERENCE YTD 2008 VS. 2007.

******************

Also worth noting, GM's dsr% change for JULY 2008 is - 32.4%.

To be clear, Toyota - 18.7% and GM - 32.4% on a dsr adjusted percentage basis.

On a non adjusted basis - Toyota - 11.9% and GM - 26.7%.

[AMERICA 123]

Originally Posted by emh

For comparison:

Nissan UP 8%
Honda DOWN 1.6%
Toyota DOWN 12%
Ford DOWN 15%
Chrysler DOWN 29%

http://money.cnn.com/2008/08/01/news...ion=2008080115

I guess this month the media is going to soften the blow by using raw volume numbers rather than first reporting dsr adjusted percentages and the raw volume numbers later.

Let the confusion begin.

***************

Wow, how the hell did Nissan 'outperform' Honda ?

[zete]

Originally Posted by emh

:
And the bad news is that outside of the Malibu and CTS, GM has no competitive cars.

But at least what's in the pipeline is cars, as opposed to trucks and SUVs.

I still maintain that moving up the GMT900s was a brilliant move by GM. They have fresh product that can age in an era that moves buyers back to cars. Had they not moved the GMT900s they'd have nothing competitive in that vital, though shrunken, market.

And when we look at spyshots pertaining to GM vehicles they're all cars and crossovers. That's good.

[tirediron]

So, uh, WTF do we do now?

Anyone else completely f.ing depressed today?
Is there anyone on this site that can provide me with something positive before I go home tonight? This is what I have so far, no more leasing, 26.7%, Cruze is 2 years away, bla bla bla.

Please- something positive? Even if you have to lie to me!

[pontiacjs]

I did the best thing I could think of. Two weeks vacation!

[pontiacjs]

I just talked to the guys at the Hummer dealer. All of the sales people quit today except 2.

[AMERICA 123]

Originally Posted by tirediron

So, uh, WTF do we do now?

Anyone else completely f.ing depressed today?
Is there anyone on this site that can provide me with something positive before I go home tonight? This is what I have so far, no more leasing, 26.7%, Cruze is 2 years away, bla bla bla.

Please- something positive? Even if you have to lie to me!

Go thru the entire sales report - there are many outstanding numbers.

There is also a group that although not outstanding certainly are usable and or good enough.

It's a very tough year - so look for the industrywide data numbers and compare.

Anything that's not down by more than 10 - 15% ? (approx.) is not a total loser.

Just remember, when surrounded in depth it does make things a little easier in one sense - no matter what.

If you continue 'taking action' you can't help but hit something that matters.

Keep doing that, and things will change.

Never give up - you are not truly defeated unless you do that first - or are no longer breathing.

[Buickman]

it's going to go from ugly to downright nasty in August. the new disincentives are out. funeral homes are more upbeat than showrooms today.

people thought me to be a fruitcake and disloyal years ago when I called for Wagoner's removal, nuts when I claimed they were going to sell GMAC, and crazy when I predicted $10 Billion loss when GMS for everyone was announced. being ahead of the curve can be a lonely place.

[Butz]

Originally Posted by zete

The bright side of all this is that the era of cars has definitely returned.

It's about time

[Chaz_23]

i thought that Honda was kicking everyone's behind. one would have thought that they sold more cars than everyone else combined- according to the mainstream media lies.

Originally Posted by emh

For comparison:

Nissan UP 8%
Honda DOWN 1.6%
Toyota DOWN 12%
Ford DOWN 15%
Chrysler DOWN 29%

http://money.cnn.com/2008/08/01/news...ion=2008080115

[TriShield]

Originally Posted by zete

The bright side of all this is that the era of cars has definitely returned.

Too bad GM has completely ignored cars for years now.

It seems like just yesterday they were putting Zeta on "hold" (GM spin for completely cancelled) to move trucks to the forefront.

Just another in a very long line of GM car bungles.

[TriShield]

Originally Posted by Buickman

it's going to go from ugly to downright nasty in August. the new disincentives are out. funeral homes are more upbeat than showrooms today.

people thought me to be a fruitcake and disloyal years ago when I called for Wagoner's removal, nuts when I claimed they were going to sell GMAC, and crazy when I predicted $10 Billion loss when GMS for everyone was announced. being ahead of the curve can be a lonely place.

It's weird seeing the things you knew were on the horizon but didn't really want to see finally happening.