GM's July Gov't sales up 100% after June increase of 79%

[andretti]

GM's July 2012 Gov't sales up 100%!

http://video.cnbc.com/gallery/?video=3000106415&__source=yahoo%7Cheadline%7Cquote%7Cvideo%7C&par=yahoo

meantime general motors out with its sales numbers. phil lebeau has the vice president of sales, curt mcneil. take it away. curt, i'm looking at the number, a declines of 6.4, but you seem to be fairly optimistic when you look at the overall sales for the month, correct? we said our fleet business was going to be down. it was down 15%. as you dig in, it's interesting, because our government business was actually up over 100%, and our commercial business was up 41%. so it was a very planned reduction in our rental business. when you have retail sales down 3%, there's a lot of speculation that perhaps the consumer is taking a pause, and we might see that reflegted with auto sales. when you look at transaction prices, traffic in the showroom, uses your pulse of the consumer? we definitely continue to see head winds, phil. however, housing has given you some positive signs both on starts and on pricing. we did see a recent positive blip in consumer confidence. fuel prices are in a pretty good place today, and automotive credit continues to be good. so while there are head winds, we do see some positives there that we think will continue to lead to some slow gradual growth for the industry. kurt, what are the head winds specifically? are we talking about overall lack of confidence in the economy? what concerns you the most right now? well, the jobs data is tough. manufacturing indexes are not positive, but there are other factors we do think is positive. we think the positives outweight the negatives. and transaction prices relative to may into june, trending higher? actually that's a real good story. as we maintain a disciplined approach, phil, our a telephone ps are up month over month and spend is down. and that's reflective of the entire industry, we should add. the volt, you sold just over 1800 for the month, just over 10,000 now for the year. do you hit 20,000 by the end of the year, or is that too optimistic? it's in the range, phil. like you said, we think we had a pretty good volt month. it was our second best ever since the launch, so we're optimistic, absolutely. kurt mcneil, vp of sales for general motors joining us from the headquarters in detroit. there you have it, melissa and i'ming. overall not that good, but for the industry, if they can trend over 14 million, i think most people will say they're moving in the right direction. hang on a minute, phil, isn't the expectation they will hold up 14 million light sales? i thought we had a powerful dynamic, the subprime borrowers have had access to credit that's not been available since the recession. i thought that was going to be the booming story here, not that they would asan antonio sales in negative. chrysler sales are up, what, 13% here? you're correct, but don't build too much into subprime. that is still overall a smaller xhuvg of the overall business. it helps, but it's not a huge factor. okay. phil, thank you very much for the latest. did you want to touch on the

[andretti]

This after a 79% increase in Gov't sales for June!

[63GrandSport001]

They moved 500 Caprice last month which was impressive, that might have been the increase in Government sales.

[impala02]

GM's July 2012 Gov't sales up 100%!

http://video.cnbc.com/gallery/?video=3000106415&__source=yahoo%7Cheadline%7Cquote%7Cvideo%7C&par=yahoo

Why did you post this same link on consecutive days? http://www.gminsidenews.com/forums/f...ml#post2557920

[Ed753]

Why did you post this same link on consecutive days? http://www.gminsidenews.com/forums/f...ml#post2557920

Because it’s a big enough topic/subject that it can stand on its own, and not buried in another thread?

It was in the headlines of their PR.

I thought it was odd that GM had always stated fleet sales in one bucket, up due to timing, down due to timing, etc. and this time they were pointing to rental.

[AMERICA 123]

There is a huge difference between local government - in all it's forms, Regional, State and Federal.


Or, given how you all want this to be spun, all other Government GM purchasing versus Federal Government GM purchasing.


Just because GM is gettin' back into the local thru State level - no need to panic - unless you're Ford.

[roy219]

Or, given how you all want this to be spun, all other Government GM purchasing versus Federal Government GM purchasing.

Excellent point. Any ideas what proportion of GM's government fleet sales were GSA (as opposed to municipal, state, and non GSA federal) last month?

Just because GM is gettin' back into the local thru State level - no need to panic - unless you're Ford.

Ford's dominance of the government fleet sector in general and muni & state specifically can't continue indefinitely. The fact that GM is really stepping up its game in this market is gratifying. If only for bragging rights, I'd love for GM to not only be #1 in U.S. fleet sales overall (a position it currently holds), but tops in all three sectors - commercial, rental, and government.

[Rick_VT]

They moved 500 Caprice last month which was impressive, that might have been the increase in Government sales.

Be interesting to see how widespread the Caprice sales are so far, are they spread all round the country or is it a certain few that are close by that are buying them.

Given the long delays from the initial order to them getting the actual car, hopefully the Dept's that are ordering them will be able to judge how long till they need a upgrade and order in advance and maybe order even more

[silvergoat2k6]

GM's July 2012 Gov't sales up 100%!

http://video.cnbc.com/gallery/?video=3000106415&__source=yahoo%7Cheadline%7Cquote%7Cvideo%7C&par=yahoo

meantime general motors out with its sales numbers. phil lebeau has the vice president of sales, curt mcneil. take it away. curt, i'm looking at the number, a declines of 6.4, but you seem to be fairly optimistic when you look at the overall sales for the month, correct? we said our fleet business was going to be down. it was down 15%. as you dig in, it's interesting, because our government business was actually up over 100%, and our commercial business was up 41%. so it was a very planned reduction in our rental business. when you have retail sales down 3%, there's a lot of speculation that perhaps the consumer is taking a pause, and we might see that reflegted with auto sales. when you look at transaction prices, traffic in the showroom, uses your pulse of the consumer? we definitely continue to see head winds, phil. however, housing has given you some positive signs both on starts and on pricing. we did see a recent positive blip in consumer confidence. fuel prices are in a pretty good place today, and automotive credit continues to be good. so while there are head winds, we do see some positives there that we think will continue to lead to some slow gradual growth for the industry. kurt, what are the head winds specifically? are we talking about overall lack of confidence in the economy? what concerns you the most right now? well, the jobs data is tough. manufacturing indexes are not positive, but there are other factors we do think is positive. we think the positives outweight the negatives. and transaction prices relative to may into june, trending higher? actually that's a real good story. as we maintain a disciplined approach, phil, our a telephone ps are up month over month and spend is down. and that's reflective of the entire industry, we should add. the volt, you sold just over 1800 for the month, just over 10,000 now for the year. do you hit 20,000 by the end of the year, or is that too optimistic? it's in the range, phil. like you said, we think we had a pretty good volt month. it was our second best ever since the launch, so we're optimistic, absolutely. kurt mcneil, vp of sales for general motors joining us from the headquarters in detroit. there you have it, melissa and i'ming. overall not that good, but for the industry, if they can trend over 14 million, i think most people will say they're moving in the right direction. hang on a minute, phil, isn't the expectation they will hold up 14 million light sales? i thought we had a powerful dynamic, the subprime borrowers have had access to credit that's not been available since the recession. i thought that was going to be the booming story here, not that they would asan antonio sales in negative. chrysler sales are up, what, 13% here? you're correct, but don't build too much into subprime. that is still overall a smaller xhuvg of the overall business. it helps, but it's not a huge factor. okay. phil, thank you very much for the latest. did you want to touch on the

Man, I hate to break out the "grammar hammer", but that was painful to read. Ever hear of paragraphs?