GM Reports June Sales; 70K Over Toyota; Truck Sales Down 17%; Mkt Share +2 Points

[Buick61]

Aveo is down 20%, while Trailblazer sales are up 30%. That's so inexcusable, I can't even speak reasonably right now about it.

Gas is $4.10/gallon, and Chevrolet can't sell a subcompact. GM deserves that failure, it's a miserable car. Consumers aren't stupid.

[Hotspur]

Originally Posted by jaywestfall

More proof that "gotta have" offerings will take care of the market share problem

Yeah, that and 0% financing and heavy discounts at the end of June. GM made no money and likely lost money on the June "market share" gimmick.

I would prefer GM follow Ford's approach and just take the hit in the numbers. In the long run it will benefit Ford.

[New_Mexico_Sunset_on_Rt66]

Originally Posted by I-Love-Pontiac

What does adjusted mean? Fox Business reported GM sales down 18.5% and making it sound horrible, while at the same time CNBC reported an 8% decline and made it sound amazingly good. They also pointed out that Lexus sales are down 20%. Hah!

CNN.Money.com reporting 18.5% as well. So what gives? Stock off $00.69 at $10.81.

I see pretty strong numbers for the smaller products in the lineup; G6, Malibu, Cobalt, Vibe and G5. And it is nice that the Tahoe and Silverado get better mpg than the Seqoia/Armada and Tundra/Titan, respectively.

What does "unadjusted" mean when they say "down 8%, 18.5% unadjusted". WTH?!!

[likearock00]

Watch those discounts and incentives to keep adding up on the hoods of those Silverados!! Just a little bit longer and I'll trade up!

[mobyss]

Did anyone notice the Trailblazer numbers????

UP 28%, while the identical GM Envoy was down 39%, as expected.

I thought the midsize SUV market was dead?!? Maybe a lot of wannabe-Tahoe buyers going for the I6 TB instead?

Someone explain this one to me...

On edit - also look at the GMC Acadia - DOWN 40% - WORSE than the Envoy????????

[erasmus]

Originally Posted by New_Mexico_Sunset_on_Rt66

CNN.Money.com reporting 18.5% as well. So what gives? Stock off $00.69 at $10.81.

I see pretty strong numbers for the smaller products in the lineup; G6, Malibu, Cobalt, Vibe and G5. And it is nice that the Tahoe and Silverado get better mpg than the Seqoia/Armada and Tundra/Titan, respectively.

What does "unadjusted" mean when they say "down 8%, 18.5% unadjusted". WTH?!!

adjusted is for selling days last year there were 27 selling day in June. This year there were only 24.

[ph39]

Originally Posted by New_Mexico_Sunset_on_Rt66

CNN.Money.com reporting 18.5% as well. So what gives? Stock off $00.69 at $10.81.

I see pretty strong numbers for the smaller products in the lineup; G6, Malibu, Cobalt, Vibe and G5. And it is nice that the Tahoe and Silverado get better mpg than the Seqoia/Armada and Tundra/Titan, respectively.

What does "unadjusted" mean when they say "down 8%, 18.5% unadjusted". WTH?!!

Unadjusted is the actual comparision of number of vehicles sold - June 2007 vs June 2008

Adjusted - Adjusts the numbers for the number of "selling days" - basically Monday - Friday less holidays. Last year there were 27 selling days and this year 24. So its an 18% drop in Monthy numbers (unadjusted) but an 8% drop in the daily numbers.

[VibenPontiac]

Not bad news relatively speaking. Better than 'Yota - saw a 21.4% decline in sales.

Could it be that Toyota is seeing the decision to do a patch job on the Corolla hurt sales - even their car sales were down for the month (9.4%). Truck sales dropped a whopping 38.9%.

[ph39]

Originally Posted by Buick61

Aveo is down 20%, while Trailblazer sales are up 30%. That's so inexcusable, I can't even speak reasonably right now about it.

Gas is $4.10/gallon, and Chevrolet can't sell a subcompact. GM deserves that failure, it's a miserable car. Consumers aren't stupid.

Not definding the Aveo - but the cobalt had better incentives and ended up cheaper "out the door" both for purchases and leases last month. Plus - Its a better vehicle - so I sure the Cobalt is stealing some of the Aveo sales.

[Rocket 88]

Originally Posted by mobyss

Did anyone notice the Trailblazer numbers????

UP 28%, while the identical GM Envoy was down 39%, as expected.

I thought the midsize SUV market was dead?!? Maybe a lot of wannabe-Tahoe buyers going for the I6 TB instead?

Someone explain this one to me...

On edit - also look at the GMC Acadia - DOWN 40% - WORSE than the Envoy????????

Can't explain it... but to add to the confustion:

Pontiac Torrent Sales were up almost 6%. WTF?

For everyone who always screams to kill Saturn, please notice it is outselling Buick, Cadillac, Hummer, and Saab... with NO Haggle pricing and a limited dealership network. And this after moving away from their traditional buyers. I'm not saying its doing great, but not bad either.

[civilzues]

Originally Posted by mobyss

Did anyone notice the Trailblazer numbers????

UP 28%, while the identical GM Envoy was down 39%, as expected.

I thought the midsize SUV market was dead?!? Maybe a lot of wannabe-Tahoe buyers going for the I6 TB instead?

Someone explain this one to me...

On edit - also look at the GMC Acadia - DOWN 40% - WORSE than the Envoy????????

outlook was down 60%

[Perian]

Originally Posted by Buick61

Aveo is down 20%, while Trailblazer sales are up 30%. That's so inexcusable, I can't even speak reasonably right now about it.

Gas is $4.10/gallon, and Chevrolet can't sell a subcompact. GM deserves that failure, it's a miserable car. Consumers aren't stupid.

The Aveo hatchback in still in change-over transition thus supplies are limited.

You are lucky at $4.10. I paid $ 4.39 for regular this morning.

[xyagentguy]

Does anyone know how the G 8 is selling??

Seems like Saturn had a fairly strong performance, as well. Hopefully that may put to rest some of the Saturn axing nonsense!!

Overall, considering everything, I think this showing was fairly solid. Can you imagine if the economy was doing well and gas was reasonable? I bet it would be a strong showing for GM, indeed!

[BigThreeForever]

Having had a chance to briefly scrutinize GM's June figures, the following stand out . . .

Winners

Malibu +73.4
Equinox +45.9
Sky +44.1
G6 +34.2
Trailblazer +28.2
Aura +25.6
HHR +23.6
Vibe +23.0
Cobalt +21.6
CTS +16.0
STS +12.1

Losers

H3 -60.1
Outlook -58.0
9-5 -56.2
H2 -55.9
9-3 -54.7
DTS -54.1
Impala -53.5
Lucerne -44.5
Acadia -40.1
Envoy -38.9
Avalanche -38.8
LaCrosse -30.5
Silverado -23.7
Aveo -19.7
Enclave -18.4
Sierra -18.3

Bizarrely, the Aveo did far worse than June '07. Envoy was down, but by less than Acadia . . . whilst Trailblazer was substantially up. Some cars did predictably well, others suffered massive falls. Impala was a surprise, being down by a staggering 53.5 per cent.

A weird month, in some ways.

[hotrod1949]

Originally Posted by ph39

Not definding the Aveo - but the cobalt had better incentives and ended up cheaper "out the door" both for purchases and leases last month. Plus - Its a better vehicle - so I sure the Cobalt is stealing some of the Aveo sales.

Local Chevy dealer has an Aveo and a Cobalt out front,Aveo has in big numbers on the door 46 mpg hiway, Cobalt has 44 mpg hiway, not a great incentive to buy the smaller Aveo.