April 2017 Sales; GM -5.8%

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Thread: April 2017 Sales; GM -5.8%

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    April 2017 Sales; GM -5.8%

    GM Crossover Sales Surge Driving Retail Share Higher


    Daily rental deliveries down 20 percent per plan

    2017-05-02

    DETROIT — General Motors (NYSE: GM) today reported April sales of 244,406 crossovers, trucks and cars, driven by exceptionally strong crossover sales at Chevrolet, Buick, GMC and Cadillac.

    GM expects to gain retail market share for the month, with industry volumes about equal to a year ago, adjusted for one fewer selling day.
    ◾In April, Chevrolet crossovers were up 27 percent on a retail basis; Buick’s were up 48 percent; GMC’s were up 20 percent; and Cadillac’s were up 46 percent.
    ◾Year to date, Chevrolet crossovers were up 24 percent on a retail basis; Buick’s were up 34 percent; GMC’s were up 15 percent; and Cadillac’s were up 23 percent.

    “We see crossovers becoming an even bigger part of the industry and GM sales over the next five years,” said Kurt McNeil, U.S. vice president of Sales Operations. “Just five years ago, about one in four GM sales were crossovers. Today, they account for almost one-third of our deliveries and we see more growth ahead.”

    During April, Chevrolet dealers delivered 4,500 all-new 2018 Equinox 1.5L compact crossovers, with a 2.0L model arriving this summer, followed by a diesel model. The all-new 2018 Traverse midsize crossover will arrive during the summer.

    GMC dealers will begin delivering the all-new Terrain compact crossover in late summer and Buick dealers will roll out the new Enclave midsize crossover in the fall.

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    Re: April 2017 Sales; GM -5.8%

    Sales Chart:

    Current: Hidden Content Hidden Content

    Past: '17 Cruze; '15 F150; '14 Volt; '13 MKX; '13 Silverado; '13 Fusion; '11 Ram; '10 Commander; '08 Sierra; '07 Rendezvous; '05 Ram; '04 Grand Cherokee; '03 F150; '01 Silverado; '00 Jimmy; '99 Sierra; '97 Ram; '96 Mustang GT; '96 Jimmy; '90 Escort GT; '89 Ranger; '84 Omni; '76 Malibu; '78 LeMans; '85 Escort; '82 Lynx; '75 Sierra

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    Re: April 2017 Sales; GM -5.8%

    Secondary Sales Detail Page:

    Current: Hidden Content Hidden Content

    Past: '17 Cruze; '15 F150; '14 Volt; '13 MKX; '13 Silverado; '13 Fusion; '11 Ram; '10 Commander; '08 Sierra; '07 Rendezvous; '05 Ram; '04 Grand Cherokee; '03 F150; '01 Silverado; '00 Jimmy; '99 Sierra; '97 Ram; '96 Mustang GT; '96 Jimmy; '90 Escort GT; '89 Ranger; '84 Omni; '76 Malibu; '78 LeMans; '85 Escort; '82 Lynx; '75 Sierra

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    Re: April 2017 Sales; GM -5.8%

    “We see crossovers becoming an even bigger part of the industry and GM sales over the next five years,” said Kurt McNeil, U.S. vice president of Sales Operations. “Just five years ago, about one in four GM sales were crossovers. Today, they account for almost one-third of our deliveries and we see more growth ahead.”
    Yay. /sarcasm

    The diesel Equinox better be delivered with a price that will keep them selling but not them lose profits. Be smart about it GM.

    Overall, this month is looking kinda bloody for everyone involved.
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    R2-D2 Astromech Droid Ed753's Avatar
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    Re: April 2017 Sales; GM -5.8%

    In Summary:

    Buick - Massive increase in Encore sales; Envision replaced all the lost car sales.

    Cadillac - XT5 sales over fubar transition from SRX to XT5 last April, made the month look OK.

    Chevrolet - Blowout pricing still working for Cruze, Trax is still dinky, but at least it is no longer ugly, everything else equal or down YOY, Silverado almost tanking.

    GMC - Acadia and Terrain both had a good month, everything else down, including Sierra which is down (on a % basis) almost as much as the Silverado.
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    Re: April 2017 Sales; GM -5.8%

    What the hell is going on with Silverado and Sierra? F-150 stayed nearly flat and these two drop 12,000 units? Were there ridiculous deals on the Ford that couldn't be gotten on the GM twins? I expected it to look like a slaughter on the cars, but the trucks has me surprised.
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    Re: April 2017 Sales; GM -5.8%

    Quote Originally Posted by Ed753 View Post
    Sales Chart:

    In terms of DSR, they're down -2.21%.

    Someone put a bullet in CTS already.



    WTF happened to XTS?

    Reading into GMC: I'm really curious to see TRUE Acadia sales, because it looks like (reading between the lines) GMC's fleet numbers are up quite a bit.

    I wonder how much of those Acadia numbers are NEW Acadia numbers.

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    Re: April 2017 Sales; GM -5.8%

    Few things...

    - Camaro has shown some life over the last 2 months. 8,700 units is pretty solid. Is that the best month the 6th gen has had so far?

    -Cruze up 46.4% for the year, Volt up 23.5% for the year. Pretty good considering the current car market.

    - Acadia is still rocking it

    - Envision had a pretty good month

    - BOF SUV sales continue to stay strong



    negatives


    - What is going on with Silverado and Sierra? its too early in their life cycle to be dropping like this.
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    Re: April 2017 Sales; GM -5.8%

    Quote Originally Posted by sfbreh View Post
    In terms of DSR, they're down -2.21%.

    Someone put a bullet in CTS already.



    WTF happened to XTS?

    Reading into GMC: I'm really curious to see TRUE Acadia sales, because it looks like (reading between the lines) GMC's fleet numbers are up quite a bit.

    I wonder how much of those Acadia numbers are NEW Acadia numbers.
    Dealership in my home town is pretty much all new Acadias now. Don't know if that is how it is across the country though.
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    Re: April 2017 Sales; GM -5.8%

    Quote Originally Posted by Al63240 View Post
    What the hell is going on with Silverado and Sierra? F-150 stayed nearly flat and these two drop 12,000 units? Were there ridiculous deals on the Ford that couldn't be gotten on the GM twins? I expected it to look like a slaughter on the cars, but the trucks has me surprised.

    10+ Years of basically the same look/design may be a reason. The 2019s can't get here soon enough. Hopefully they go Revolutionary with design instead of Evolutionary. Look if I'm going to pay 40k+ for a pick up, why would I get the same thing if nothing new really has happened? And no, I am not a Ford Fanboy.

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    Re: April 2017 Sales; GM -5.8%

    Quote Originally Posted by Jkujo View Post
    10+ Years of basically the same look/design may be a reason. The 2019s can't get here soon enough. Hopefully they go Revolutionary with design instead of Evolutionary. Look if I'm going to pay 40k+ for a pick up, why would I get the same thing if nothing new really has happened? And no, I am not a Ford Fanboy.
    Silverado should maintain an evolution of the classic pickup look, Sierra needs to go more advanced like F-150 or RAM.

    Different brands, different products, different styles.

    They also should just put their collective dong on the block and come out with a balls-to-the-wall Sierra for the suburban cowboy or rancher whose wife drives an S-Class or an Escalade.

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    Re: April 2017 Sales; GM -5.8%

    Ford had a much bigger dip in sales then GM.

    F-Series held up very well at 70,000 sales, but are Ford making so much money on a higher volumes maybe its the aluminium truck thats the big draw for new buyers. GM last quarterly profits announced last month were huge in comparison to Fords.

    Cruze had a great month it absolutely slaughted Ford Focus sales.
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    Re: April 2017 Sales; GM -5.8%

    Sonic and Spark are atrocious. I guess the insane deals on Cruzes are getting buyers to move up in size. Impala and Malibu, as they currently stand, cannot coexist. Impala has to move to RWD. Acadia keeps surprising me, the move down in size was a good move, but it doesn't hurt that the Lambdas were sooooo old. For Buick and Cadillac, I see a lot of bad results, but a few good ones: XT5 is doing very well and Encore continues to amaze. But killing the Verano does not seem like a good move. Never did, probably won't ever.

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    Re: April 2017 Sales; GM -5.8%

    Cash cow Escalades being down has to be hurting GM's margins for sure.

    Other thing on the larger level of auto sales being down in general tends to make me think that overdue recession is creeping into view on the horizon.
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    Re: April 2017 Sales; GM -5.8%

    Quote Originally Posted by NHRATA01 View Post
    Cash cow Escalades being down has to be hurting GM's margins for sure.

    Other thing on the larger level of auto sales being down in general tends to make me think that overdue recession is creeping into view on the horizon.
    Escalade ESV is actually still up 1% for the year...Tahoe, Suburban and Yukon are all up for the year as well (these are also huge cash cows)

    I wouldn't worry.
    Last edited by Cruzin Chicago; 05-02-2017 at 12:39 PM.
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