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.
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?
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.
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.
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.
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.
Trax up 676 while the Cruze was 'only' down 15,889 is a HUGE win! :fall:
Yeah it's not even worth doing ANY YOY comparisions, between Covid lock-downs, plants being idled, inventory imbalances and vehicle model/mix changes, everything is noise.
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.
I’m shocked the encore gx sold 9300 nearly matching encore...good for Buick. And I’m happy w CT5/4...I think they’ll do well, particularly CT5, and I’m happy that Cadillac isn’t turning into an suv only carmaker
I’m shocked the encore gx sold 9300 nearly matching encore...good for Buick. And I’m happy w CT5/4...I think they’ll do well, particularly CT5, and I’m happy that Cadillac isn’t turning into an suv only carmaker
Yes "Times are Strange" (Rental Industry in Shambles, Consumer Confidence Dwindling, Social Distancing) but 34% decrease is a 3 month Average, not just April, it even contains June's Numbers in the Average.
The Trax's #'s, are looking good, but take away the Cruze's figures, they should be Outstanding. Many "Workers" had to continue to "Work" without the benefit of Mass Transit in many cases. "Entry Level, This will do" vehicles should have been off the Charts.
The 3rd and 4th Quarters Rebound Sales numbers, will be the True Strength of any Product's Merits, provided Supply is Available and COVID, slows down some.
Ford's new Ranger seem to have gone from nowhere zero to hero, it's a practical traditional handsome very capable truck, always predicted it would do well on here, not so sure on the 2022 Ranger though it's started to look a bit odd and gone a bit weird. Jeeps new Gladiator is off to a great start as well.
Q2 RWD/4WD Ranger 25,008 sales up +19.77%
Q2 RWD/4WD Colorado 19,873 sale down -37.34%
Q2 RWD/4WD Gladiator 19,568 sales up +174%
What caused the big drop-off in Colorado sales in Q2?
USA Top 3 best sellers Silverado drop is not so bad eats RAM great news.
Q2 RWD/4WD F-Series 180,825 sales down -22%
Q2 RWD/4WD Silverado 122,432 sales down -14.06%
Q2 RWD/4WD Ram 117,448 sales down 35%
Ranger had big inventory just as covid shutdown hit, that worked in Ford's favor
but in think the one engine strategy is working in terms of product clarity.
Perhaps GM leasing terms for Silverado are a lot closer to Colorado these days,
there are also other distractions from utilities as well, maybe good leasing deals?
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