GM Reports July Sales, Down 18.5%

[Perian]

Link: http://media.gm.com/servlet/GatewayS...=2&docid=38240

GM Reports 320,935 July Deliveries

GMC Acadia, Saturn OUTLOOK and Buick Enclave Lead Mid-Crossover Segment

GM Sells 239,192 Retail Vehicles

DETROIT - GM dealers in the United States delivered 320,935 vehicles in July, down 18.5 percent compared with exceptionally strong year-ago monthly sales. Of note, retail sales of 239,192 vehicles were up 14.5 percent compared with June 2007 with a substantial improvement in vehicle mix. Inventories were essentially flat compared with July 2006.

"We expected the month would provide a tough year-over-year comparison since in July 2006 industry sales were exceptionally strong and we were aggressively liquidating past model year inventories," said Mark LaNeve, vice president, GM North American Sales, Service and Marketing. "On the upside, we are pleased with the continuing success of our new products, especially the GMC Acadia, Saturn OUTLOOK and Buick Enclave, which pushed our mid-utility crossover segment growth up more than 300 percent. As with many of our vehicles, these all-new crossovers offer segment-leading fuel economy, terrific performance and outstanding value.

"We were encouraged by our improvement versus June and the marketing actions we have taken, including 0 percent for 60 months financing, have put us in a strong competitive position in a challenging industry," LaNeve added.

"With a strong retail sales month for Saturn AURA, as well as outstanding growth for the new mid-size crossovers GMC Acadia, Saturn OUTLOOK and Buick Enclave, GM has a strong position in the marketplace for fuel-efficient vehicles in a number of segments," LaNeve added. GM has 24 vehicles in the 2007 model lineup that achieve an EPA-estimated 30 mpg highway or better.

The GMC Acadia, Saturn OUTLOOK and Buick Enclave together had retail sales of more than 10,000 vehicles, pushing a significant retail increase in GM's mid-crossover segment. GM's retail sales in this segment pushed monthly performance up more than 319 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 - sold more than 59,200 vehicles in a very challenging industry environment. The Silverado and Sierra offer the best warranty coverage and residual values in segment, a winning combination for these products.

"We're seeing increased residual values for our products by staying true to our turnaround and market growth plans. For customers, this means providing industry-leading products in terms of design, fuel economy, quality and performance," LaNeve said.

"Interestingly, warranty coverage has increased substantially as a reason consumers cite when buying a new GM vehicle. Our 5 Year/100,000 Mile Powertrain Limited Warranty continues to be a better choice for customers. Our coverage focuses on the complete ownership experience and includes other provisions that our competitors do not offer, including transferability to the next owner, more complete coverage of parts, and coverage for new and certified used vehicles. In addition, GM offers superior complementary programs, like courtesy transportation and roadside assistance. In other words, GM takes care of the vehicle and the owner," LaNeve added.

[PrenupTB]

Man are GM and Ford getting crushed in this marketplace.

[Perian]

Originally Posted by PrenupTB

Man are GM and Ford getting crushed in this marketplace.

The declines in the rental prone vehicles are amazing.

If these declines continue, can more plant closings be far behind?

GM needs a new Cobalt/G5 right now.

Too bad the new Malibu is still months away.

And to make matters even worse...The new issue of Consumer Reports is on my desk.

This month, they review pickup trucks.

Care to guess which new Texas built Japanese vehicle beat the T900 Silverado?


UPDATE: Toyota Tundra July 2007 Sales Report:

Toyota Division light truck sales were up 4.2 percent, with a best-ever July total of 84,764 units. Light truck sales were led by the all-new Tundra full-size pickup with all-time best-ever sales of 23,150, an increase of 134.5 percent over the year-ago month.

[VCDJ]

Originally Posted by PrenupTB

Man are GM and Ford getting crushed in this marketplace.

yes they are and do you know why? It is because of people like lutz and rick. We get cobalt that get 32mpg. we get aveo that is outdated. we get new trucks with 4 speed. and they only focus on gmt 900. They advertise them so much. They ignored every other product development. So what happens then is you get sales decline. Who wants to buy a cobalt that get 32mpg. You can get altima with better mpg. GM made a big mistake by investing so much money in trucks. IF they spent that kind of money on aura and new malibu, cobalt. Now they would not have these numbers. As i said before gmt 900 and rick and lutz are cancer to gm. How about offering two mode on Aura and new malibu. Why offer it on trucks? Why make a car of delta platform and charge 22 000, like toyota is doing with corola. If that car that is of coblat platform achived 50 mpg. people would buy them like crazy. and gm would still make money like lutz said it will cost $10000 to put two mode in a car. well if you charge $22 000 for a cobalt you would make money and you would sell alot more they you will in a taho. GM is still truck company and if they do not change that very soon. Well gm could be history.

[PrenupTB]

Horrible month for the Acadia. I'm curious to see how GM sold over 5k Aura's. How many were retail and how many were rental.

[PrenupTB]

Originally Posted by VCDJ

yes they are and do you know why? It is because of people like lutz and rick. We get cobalt that get 32mpg. we get aveo that is outdated. we get new trucks with 4 speed. and they only focus on gmt 900. They advertise them so much. They ignored every other product development. So what happens then is you get sales decline. Who wants to buy a cobalt that get 32mpg. You can get altima with better mpg. GM made a big mistake by investing so much money in trucks. IF they spent that kind of money on aura and new malibu, cobalt. Now they would not have these numbers. As i said before gmt 900 and rick and lutz are cancer to gm. How about offering two mode on Aura and new malibu. Why offer it on trucks? GM is still truck company and if they do not change that very soon. Well gm could be history.

So true. Their pickup truck is getting slaughtered in the marketplace. The new Silverado is a total dud. Don't tell me that the housing market is hurting it because I'll bet the Tundra did phenominal this month. GM is finished. The lack of marketing and refinement in their key vehicles is laughable. Why did the XLR barely sell over 150? Why do they let their products wither away and die because they want to sell 4 speed trucks? These guys are clueless.

[Perian]

Originally Posted by VCDJ

GM is still truck company and if they do not change that very soon. Well gm could be history.

GM sold over 8,000 Suburbans last month at a profit of approx $10K each.

GM sold over 15,000 Cobalts last month and lost approx $2K on each one.

With the lineup they have, and knowing what's in the pipeline; What would you push?

[Mcmflow]

When is the bleeding going to end??

What kills me is cars like the Vibe is taking a hit in sales too. It's a great car! Is the Yaris really that much better than the Aveo??

[igor]

just to provide point of reference - GM always adjust for selling days ... (Toyota does when they want to - like this month).,

Unadjusted:
Ford - down 19%
GM - down 22%
Toyota - down 7%

Igor

[VCDJ]

Originally Posted by Perian

GM sold over 8,000 Suburbans last month at a profit of approx $10K each.

GM sold over 15,000 Cobalts last month and lost approx $2K on each one.

With the lineup they have, and knowing what's in the pipeline; What would you push?

I would make better coblat and then i would be able to charge more, then i would make maybe $3K on each car. And if i make a cobalt that can get 40mpg i would sell more then 15 000 per month. Maybe i would sell 30 000. And gm would make more money they they do on those 8k suburbans. See How gm is loosing sales. And if that new cobalt was a high quality car. then those customers would not go to toyota. They would buy malibu and malibu sales would go up. But gm keeps ignoring this imprtant market. Look how many sales they lost not just in cobalt but in malibu. How can anybody tell me that i am wrong on this. But since gm only likes to sell gmt 900. They do not have that many first time buyers.

[Mcmflow]

Originally Posted by Perian

The declines in the rental prone vehicles are amazing.

If these declines continue, can more plant closings be far behind?

GM needs a new Cobalt/G5 right now.

Too bad the new Malibu is still months away.

And to make matters even worse...The new issue of Consumer Reports is on my desk.

This month, they review pickup trucks.

Care to guess which new Texas built Japanese vehicle beat the T900 Silverado?

Yes a new Cobalt now, that gets the same or better MPG than the Civic/Corolla

Malibu should have been coming out by now.

Aveo should be getting Yaris/Civic/Corolla MPG numbers too.

[Tiger]

Saturn, Cadillac, and GMC are up!

Interesting that the vehicles still selling better (or as good as) than last year are Utilities!

Suburban, Yukon XL, Escalade ESV, Escalade EXT, Avalanche, SRX, Outlook, Enclave, Acadia, and (one car!) the Saturn Sky.

The HHR's strong sales rate 12,000+ (though lower than a year ago) is impressive IMHO.

[VCDJ]

Originally Posted by PrenupTB

So true. Their pickup truck is getting slaughtered in the marketplace. The new Silverado is a total dud. Don't tell me that the housing market is hurting it because I'll bet the Tundra did phenominal this month. GM is finished. The lack of marketing and refinement in their key vehicles is laughable. Why did the XLR barely sell over 150? Why do they let their products wither away and die because they want to sell 4 speed trucks? These guys are clueless.

I agree with you toyota sold 25k tundra. Up more then 100%. But dont tell that to people here on GMI. They will tell you that you are wrong and that lutz and rick are gods.

[TahoeMikeZ71]

Originally Posted by VCDJ

I would make better coblat and then i would be able to charge more, then i would make maybe $3K on each car. And if i make a cobalt that can get 40mpg i would sell more then 15 000 per month. Maybe i would sell 30 000. And gm would make more money they they do on those 8k suburbans. See How gm is loosing sales. And if that new cobalt was a high quality car. then those customers would not go to toyota. They would buy malibu and malibu sales would go up. But gm keeps ignoring this imprtant market. Look how many sales they lost not just in cobalt but in malibu. How can anybody tell me that i am wrong on this. But since gm only likes to sell gmt 900. They do not have that many first time buyers.

What the **** is wrong with you? GM had to replace the GMT800's because they were out for 7 years. Do you expect them to let them sit and starve? If people buy them and perfer them over other makes I don't know why people blame GM.

[VCDJ]

Originally Posted by TahoeMikeZ71

What the **** is wrong with you? GM had to replace the GMT800's because they were out for 7 years. Do you expect them to let them sit and starve? If people buy them and perfer them over other makes I don't know why people blame GM.

Prefer them over other makes. They are down 27% this month. Last month they were down Another 20%. And for the year they are down. Look at toyota up more then 100%. And people perfer gmt 900 over others. That explains why tundra is up more then 100% and it outsells siera.