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