GM Reports Second-Quarter U.S. Sales

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Thread: GM Reports Second-Quarter U.S. Sales

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    GM Reports Second-Quarter U.S. Sales

    "Demand for full-size pickup trucks was resilient."

    More at the link...

    https://media.gm.com/media/us/en/gm/...1-gmsales.html

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    Re: GM Reports Second-Quarter U.S. Sales

    Man, the Blazer is basically the lone bright spot.

    Retail sales were off by about 24 percent in the quarter, roughly in line with the industry. Retail sales in April were down the most in the quarter, off by about 35 percent compared to last year, but recovered significantly in May and June with year-over-year declines of around 20 percent or less.
    I thought they went to quarterly reports so that they dont run into the issue of monthly changes being to cylindrical.
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    Re: GM Reports Second-Quarter U.S. Sales

    PU held steady, which is better than I expected. Suburban, Tahoe, Yukon all took a dump - not surprising since I have seen zero deals/sales on them (odd, especially with the new Gen starting production). Cadillac down 41%. Ouch.
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    Quote Originally Posted by CJH View Post
    PU held steady, which is better than I expected. Suburban, Tahoe, Yukon all took a dump - not surprising since I have seen zero deals/sales on them (odd, especially with the new Gen starting production). Cadillac down 41%. Ouch.
    2020 CT5 outsold 2019 CTS for both quarters. Not exactly an easy comparison given ramp up and Covid for CT5 and ramp down of CTS last year. Altho I think CTS stopped production in July last year.

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    Re: GM Reports Second-Quarter U.S. Sales

    Ouch, but expected.

    Interesting that the CT5/4 were able to come in with similar sales volumes to Q2, 2019 ATS/CTS volumes. Not saying much as the ATS/CTS 2019 sales volumes were poor, but it is good sign that the CT4/5 were at least able to match those poor volume levels, even being inventory restricted as I assume the pipleline wasn't full going into the Covid shutdowns.

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    Re: GM Reports Second-Quarter U.S. Sales

    Quote Originally Posted by Sneakers View Post
    2020 CT5 outsold 2019 CTS for both quarters. Not exactly an easy comparison given ramp up and Covid for CT5 and ramp down of CTS last year. Altho I think CTS stopped production in July last year.
    Quote Originally Posted by BlackGTP View Post
    Ouch, but expected.

    Interesting that the CT5/4 were able to come in with similar sales volumes to Q2, 2019 ATS/CTS volumes. Not saying much as the ATS/CTS 2019 sales volumes were poor, but it is good sign that the CT4/5 were at least able to match those poor volume levels, even being inventory restricted as I assume the pipleline wasn't full going into the Covid shutdowns.
    Meh, their volumes are so low I didn't even bother commenting.
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    Re: GM Reports Second-Quarter U.S. Sales

    Quote Originally Posted by bballr4567 View Post
    Man, the Blazer is basically the lone bright spot.


    I thought they went to quarterly reports so that they dont run into the issue of monthly changes being to cylindrical.
    The Blazer was just ramping-up in Q2 2019, that was an easy YOY beat.

    Comical huh; "Law of unintended consequences".

    Post sales in quarters, to hide monthly anomalies, to only, call out those monthly anomalies in the new quarterly numbers!




    Quote Originally Posted by CJH View Post
    PU held steady, which is better than I expected. Suburban, Tahoe, Yukon all took a dump - not surprising since I have seen zero deals/sales on them (odd, especially with the new Gen starting production). Cadillac down 41%. Ouch.
    I wonder if Covid shut-down and change-over inventory played a factor?

    We know, from the data I shared previously, there has been a significant amount of fleet (rental) sales in those full-size Ute numbers, how many did Hertz & Co. buy in April-June?




    Quote Originally Posted by CJH View Post
    Meh, their volumes are so low I didn't even bother commenting.
    Notable, but a sad day when ~800/month is cheered about!

    Neighbor's wife works at the M-B Dealer, she says they have been busy and have lot of "holes" in their inventory.



    Regardless - Lots of "noise" in all these numbers and the world is still upside-down, and will continue to be, right now every sale is a sale, (positive) revenue/cash-flow is king.
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    Re: GM Reports Second-Quarter U.S. Sales

    Quote Originally Posted by Ed753 View Post
    The Blazer was just ramping-up in Q2 2019, that was an easy YOY beat.

    Comical huh; "Law of unintended consequences".

    Post sales in quarters, to hide monthly anomalies, to only, call out those monthly anomalies in the new quarterly numbers!






    I wonder if Covid shut-down and change-over inventory played a factor?

    We know, from the data I shared previously, there has been a significant amount of fleet (rental) sales in those full-size Ute numbers, how many did Hertz & Co. buy in April-June?






    Notable, but a sad day when ~800/month is cheered about!

    Neighbor's wife works at the M-B Dealer, she says they have been busy and have lot of "holes" in their inventory.



    Regardless - Lots of "noise" in all these numbers and the world is still upside-down, and will continue to be, right now every sale is a sale, (positive) revenue/cash-flow is king.
    I didn't even think about that with the Blazer. 6575 per monthish. Figure that's gonna be on the low end of the 2 row SUV market.
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    Re: GM Reports Second-Quarter U.S. Sales

    I think numbers for this quarter are meaningless. In other news, retail was down, dining out was down, travel was down. Shocking huh?

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    Re: GM Reports Second-Quarter U.S. Sales

    Quote Originally Posted by bballr4567 View Post
    Man, the Blazer is basically the lone bright spot...
    The little Trax is the only other vehicle that isn't a pickup that was actually up for the quarter. This despite selling +6K Trailblazers. Some sort of fleet sales??
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    Re: GM Reports Second-Quarter U.S. Sales

    That Trax did slightly better than last year. I consider that great news since it's been in production for a few years and given the industry slowdown this year.

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    Re: GM Reports Second-Quarter U.S. Sales

    Looks like Chevy/Buick/GMC have released new July sales offers at the websites including things like "Employee Pricing for Everyone":

    https://www.chevrolet.com/sales
    https://www.buick.com/current-offers
    https://www.gmc.com/current-offers

    At a glance it looks like Caddy offers are similar to June's:

    https://www.cadillac.com/current-offers
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    Re: GM Reports Second-Quarter U.S. Sales

    My brother did his part and just bought a 3500 HD Silverado. But inventory is really thin on trucks. There were no trucks in the entire country with the options he wanted. Had to settle for cloth but wanted vinyl. Even with cloth there were less than 5 in the country. We live in Florida and we're going to Illinois tomorrow to drive it back. The local dealers basically said there was no light or heavy duty Silverado inventory for us to even test drive a different HD trim. 3rd quarter is going to suck if they don't get production going.
    Last edited by BahamaTodd; 07-01-2020 at 02:35 PM.

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    Re: GM Reports Second-Quarter U.S. Sales

    Quote Originally Posted by BlackGTP View Post
    Ouch, but expected.

    Interesting that the CT5/4 were able to come in with similar sales volumes to Q2, 2019 ATS/CTS volumes. Not saying much as the ATS/CTS 2019 sales volumes were poor, but it is good sign that the CT4/5 were at least able to match those poor volume levels, even being inventory restricted as I assume the pipleline wasn't full going into the Covid shutdowns.
    Right. These numbers are better than I thought they would be. Especially, since I have seen so little advertising campaigns for the two cars.

    However, there are only 821 CT4s on Autotrader. And just over 1800:CT5s.
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    Re: GM Reports Second-Quarter U.S. Sales

    Caddy's incentives are awful right now.

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