GM September 2008 sales

**T-Type** · 10-01-2008, 01:50 PM

FOR RELEASE: 2008-10-01

GM Reports 284,300 Deliveries in September; Highest Monthly Market Share of 2008

* Chevrolet Malibu retail sales up 192 percent; Pontiac Vibe up 61 percent compared with last September
* Buick Enclave, GMC Acadia and Saturn Outlook crossover total sales up 10 percent; first 226 Chevrolet Traverse sales recorded
* 72,500 Chevrolet Silverado, Avalanche and GMC Sierra pickups sold; beats industry trend as segment-leading vehicles grab market share
* GM's market share estimated at 27 percent, marks second consecutive month of market share gains
* Total Q3 sales up 4 percent compared with Q2, with market share improving by more than 3 percentage points

http://media.gm.com/servlet/GatewayS...74&docid=49175

silvergoat2k6 · 10-01-2008, 01:52 PM

More spin after another crappy month...even with employee pricing. October is going to be ugly now that GM has had 2 straight months of employee pricing deals...they probably pulled ahead a lot of buyers.

windvale · 10-01-2008, 01:54 PM

Just curious...Did Chevy sell 19K Malibus last month because of the market, or because that's all they can manufacture right now ?

Bokl · 10-01-2008, 01:55 PM

down 16% with employee discount. So even when they are giving away cars they are still down. And they are proud of this. WOW. Just wait until next month when there is no employee discount and all people that needed cars purchased them what will happen with gm sales. They are killing them self with this employee discount.

boblutzfan · 10-01-2008, 01:56 PM

Quote:

Originally Posted by Bokl

down 16% with employee discount. So even when they are giving away cars they are still down. And they are proud of this. WOW.

Down 16% is much better than Ford's down 34%...but yes, this is still terrible.

t-rex · 10-01-2008, 01:57 PM

GM fared better than Ford this month...

At least GM's loss is par with overall market decline.

Seems luxury and specialty cars are being the hardest hit. Evaporating lease offers are no doubt contributing to this.

Things look bleak.

packardlust · 10-01-2008, 01:58 PM

Quote:

Originally Posted by Bokl

down 16% with employee discount. So even when they are giving away cars they are still down. And they are proud of this. WOW.

It looks to be better than the industry as a whole, way better than Ford. We will need to see how the others manufacturers will do, but I suspect GM will be one of the automotive bright spots for September....

vetmst · 10-01-2008, 01:58 PM

Well considering that we are in a recession, this is not that bad. I was surprised GM sold like 50K silverados.

Perian · 10-01-2008, 01:59 PM

Congrats to GM - But they really worked to get these sales.

Case in point:

My Dad purchased a 2008 Chevy Impala LT last week.

List Price: $ 25,595.00

GM Employee Price For Everyone Price: $ 23,383.63

GM Lease-2-Buy Incentive: $ 2,000.00

GM Card Exemption: Granted under bonus program.

GM Card Redemption: $ 3,000.00

GM Card Loyalty Bonus: $ 500.00

GM Impala Rebate: $ 2,750.00

GM Dealer Incentive: $ 1,000.00 (Four coupons @ $250 each).

Net price (not including tax, registration or fees): $ 14,133.63

But wait, there's more:

GMAC Pull-Ahead Program: 2 Payments @ $ 473.60 each = $ 947.20.

Note: He purchased before lease end due to the Employee Discount Plan and the GM Card Redemption Exemption/Bonus program, plus the fact that he had maxed out on his allowed mileage.

What a deal.

.

silvergoat2k6 · 10-01-2008, 01:59 PM

Was there a supply problem with the CTS for September, or did everyone who wanted one get theirs in August? Down 32%...did not expect that.

EDIT: someone just mentioned it...leasing problems might have something to do with it.

mp11477 · 10-01-2008, 02:02 PM

The press release sounded pretty promising....until you viewed the actual data. I wonder how many more people tried to buy, but were rejected financing?

Michael_S · 10-01-2008, 02:03 PM

At the Chevy website, the interest rates with employee pricing are above 5%.

Employee pricing with 0% loans is very bad.
Employee pricing with 5% or 7% loans isn't a problem.

osv_alero · 10-01-2008, 02:03 PM

I don't think it is fair to comment on GM's poor performance until other companies are available for comparison. Yes, we all wish GM would have done better. Considering the current economic state, the best GM can hope for is to hold or gain on their share of the market.

silvergoat2k6 · 10-01-2008, 02:05 PM

Quote:

Originally Posted by Michael_S

Employee pricing with 0% loans is very bad.

I'll disagree with that...employee pricing plus 0-percent financing was able to get me into a new GTO 2 years ago and kept me out of a Rustang.

AMERICA 123 · 10-01-2008, 02:06 PM

The sale worked.

In an absolute sense .... while the results are bound to be disappointing - doubly so when profit margins are added in, this is a great job of GM making the best of a very bad situation

The market share improvement is an almost unbelievable accomplishment compared to the last 4 months or so - and is highly significant.

10-01-2008, 01:50 PM	#1 (permalink)
T-Type GMI Staff Member Join Date: Mar 2004 Location: Chicago, IL. Posts: 3,255	GM September 2008 sales FOR RELEASE: 2008-10-01 GM Reports 284,300 Deliveries in September; Highest Monthly Market Share of 2008 * Chevrolet Malibu retail sales up 192 percent; Pontiac Vibe up 61 percent compared with last September * Buick Enclave, GMC Acadia and Saturn Outlook crossover total sales up 10 percent; first 226 Chevrolet Traverse sales recorded * 72,500 Chevrolet Silverado, Avalanche and GMC Sierra pickups sold; beats industry trend as segment-leading vehicles grab market share * GM's market share estimated at 27 percent, marks second consecutive month of market share gains * Total Q3 sales up 4 percent compared with Q2, with market share improving by more than 3 percentage points http://media.gm.com/servlet/GatewayS...74&docid=49175

10-01-2008, 01:52 PM	#2 (permalink)
silvergoat2k6 3.8 Liter V6 Join Date: Jul 2007 Drives: '06 Pontiac GTO Posts: 370	Re: GM September 2008 sales More spin after another crappy month...even with employee pricing. October is going to be ugly now that GM has had 2 straight months of employee pricing deals...they probably pulled ahead a lot of buyers. Last edited by silvergoat2k6 : 10-01-2008 at 01:58 PM.

10-01-2008, 01:54 PM	#3 (permalink)
windvale 3.9 Liter V6 Join Date: Feb 2007 Location: Cary, NC Drives: 2002 Trailblazer Posts: 813	Re: GM September 2008 sales Just curious...Did Chevy sell 19K Malibus last month because of the market, or because that's all they can manufacture right now ?

10-01-2008, 01:55 PM	#4 (permalink)
Bokl 2.0 Liter Supercharged ECOTEC Join Date: Jul 2008 Posts: 135	Re: GM September 2008 sales down 16% with employee discount. So even when they are giving away cars they are still down. And they are proud of this. WOW. Just wait until next month when there is no employee discount and all people that needed cars purchased them what will happen with gm sales. They are killing them self with this employee discount.

10-01-2008, 01:57 PM	#6 (permalink)
t-rex 7.0 Liter LS7 V8 Join Date: Jul 2006 Location: New Orleans, Louisiana Drives: 1997 BMW 328i S Posts: 5,361	Re: GM September 2008 sales GM fared better than Ford this month... At least GM's loss is par with overall market decline. Seems luxury and specialty cars are being the hardest hit. Evaporating lease offers are no doubt contributing to this. Things look bleak.

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10-01-2008, 01:58 PM	#8 (permalink)
vetmst 1.8 Liter ECOTEC Join Date: Oct 2004 Posts: 49	Re: GM September 2008 sales Well considering that we are in a recession, this is not that bad. I was surprised GM sold like 50K silverados.

10-01-2008, 01:59 PM	#9 (permalink)
Perian News Contributor Join Date: Nov 2004 Location: New York Drives: 2008 Saab 9-5 Sedan Posts: 4,069	Re: GM September 2008 sales Congrats to GM - But they really worked to get these sales. Case in point: My Dad purchased a 2008 Chevy Impala LT last week. List Price: $ 25,595.00 GM Employee Price For Everyone Price: $ 23,383.63 GM Lease-2-Buy Incentive: $ 2,000.00 GM Card Exemption: Granted under bonus program. GM Card Redemption: $ 3,000.00 GM Card Loyalty Bonus: $ 500.00 GM Impala Rebate: $ 2,750.00 GM Dealer Incentive: $ 1,000.00 (Four coupons @ $250 each). Net price (not including tax, registration or fees): $ 14,133.63 But wait, there's more: GMAC Pull-Ahead Program: 2 Payments @ $ 473.60 each = $ 947.20. Note: He purchased before lease end due to the Employee Discount Plan and the GM Card Redemption Exemption/Bonus program, plus the fact that he had maxed out on his allowed mileage. What a deal. .

10-01-2008, 01:59 PM	#10 (permalink)
silvergoat2k6 3.8 Liter V6 Join Date: Jul 2007 Drives: '06 Pontiac GTO Posts: 370	Re: GM September 2008 sales Was there a supply problem with the CTS for September, or did everyone who wanted one get theirs in August? Down 32%...did not expect that. EDIT: someone just mentioned it...leasing problems might have something to do with it.

10-01-2008, 02:02 PM	#11 (permalink)
mp11477 1.8 Liter ECOTEC Join Date: May 2005 Drives: 2006 Pontiac G6 3.5 2007 Chevy Trailblazer 4.2 Posts: 45	Re: GM September 2008 sales The press release sounded pretty promising....until you viewed the actual data. I wonder how many more people tried to buy, but were rejected financing?

10-01-2008, 02:03 PM	#12 (permalink)
Michael_S 6.0 Liter LS2 V8 Join Date: Jul 2004 Posts: 4,922	Re: GM September 2008 sales At the Chevy website, the interest rates with employee pricing are above 5%. Employee pricing with 0% loans is very bad. Employee pricing with 5% or 7% loans isn't a problem.

10-01-2008, 02:03 PM	#13 (permalink)
osv_alero 3.9 Liter V6 Join Date: Jan 2003 Location: Dundee, Oregon Drives: 2006 HHR 2LT Posts: 928	Re: GM September 2008 sales I don't think it is fair to comment on GM's poor performance until other companies are available for comparison. Yes, we all wish GM would have done better. Considering the current economic state, the best GM can hope for is to hold or gain on their share of the market. __________________ The U.S. trade deficit with China increases by $1 billion a day The U.S. trade deficit for automobiles alone is $11 billion per month http://americaneconomicalert.org/ For every one transplant job added in the US, nearly five jobs are eliminated

10-01-2008, 02:06 PM	#15 (permalink)
AMERICA 123 4.4 Liter Supercharged Northstar Join Date: Aug 2007 Drives: The bailout pkg Posts: 2,397	Re: GM September 2008 sales The sale worked. In an absolute sense .... while the results are bound to be disappointing - doubly so when profit margins are added in, this is a great job of GM making the best of a very bad situation The market share improvement is an almost unbelievable accomplishment compared to the last 4 months or so - and is highly significant. __________________ " 123" " 1-2-3, oh, that's how elementary it's gonna be -" "There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning." --Warren Buffet, June 2008

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