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Yeah a "tax deduction" turns into a "subsidy" when it's something "they" don't like...... I'm sure in some weird way we will learn that ICE vehicle sales tax, registration and gasoline tax is a "subsidy". Is that "Gas Guzzler" tax still out there? Another "subsidy", I'm sure!
You are right on the money Ed. Can’t wait to see what I learn about this matter. I predict it will be right along the lines of what you stated.
 

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Mr. Reuss said in the CNBC interview (I am paraphrasing here, but talking about the Hummer EV)
"We said they were going to start deliveries in the Fall of 2021 and we did that"
Good catch. If Mr. Reuss was referring to just Hummer EV, he'll need to change the word "deliveries" (plural) to "a delivery" (singular).

Oh yes, Reuss should also validate that sole Hummer EV was delivered before December 20, the final day of Fall 2021. 😃
 

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It’s probably safe to say that GM prioritised sales of its most profitable vehicles in Q4 and therefore, any reductions in sales would come from vehicles that normally don’t add significant profit.

Overall, probably a satisfying result in spite of obvious limits.
 

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It’s probably safe to say that GM prioritised sales of its most profitable vehicles in Q4 and therefore, any reductions in sales would come from vehicles that normally don’t add significant profit.

Overall, probably a satisfying result in spite of obvious limits.
No need to speculate, we've got the numbers....
- I see a lot of profitable vehicles with big unit declines:

ModelQ4 2021Q4 2020% DeclineUnit Decline
Equinox 14,213 79,267
-82.1​
-65,054​
Silverado LD 84,429 125,688
-32.8​
-41,259​
Trax 1,284 26,106
-95.1​
-24,822​
Silverado HD 28,079 51,020
-45​
-22,941​
Malibu 7,221 29,252
-75.3​
-22,031​
Terrain 4,054 25,476
-84.1​
-21,422​
Traverse 22,052 41,534
-46.9​
-19,482​
Acadia 4,234 21,378
-80.2​
-17,144​
Sierra LD 41,812 53,176
-21.4​
-11,364​
Express 7,766 17,941
-56.7​
-10,175​
Sierra HD 15,926 25,195
-36.8​
-9,269​
Spark 1,452 10,442
-86.1​
-8,990​
XT5 3,528 10,950
-67.8​
-7,422​
Encore GX 10,068 16,965
-40.7​
-6,897​
Bolt EV / Bolt EUV 25 6,701
-99.6​
-6,676​
Colorado 21,453 27,709
-22.6​
-6,256​
Encore 805 6,338
-87.3​
-5,533​
XT6 2,940 7,155
-58.9​
-4,215​
XT4 3,046 6,988
-56.4​
-3,942​
Enclave 8,626 12,338
-30.1​
-3,712​
CT5 1,810 5,135
-64.8​
-3,325​
Blazer 19,986 23,243
-14​
-3,257​
Canyon 6,155 9,007
-31.7​
-2,852​
Sonic 18 2,208
-99.2​
-2,190​
CT4 1,396 2,721
-48.7​
-1,325​
Impala 9 1,028
-99.1​
-1,019​
Trailblazer 16,263 17,268
-5.8​
-1,005​
Camaro 6,809 7,549
-9.8​
-740​
Corvette 8,293 8,992
-7.8​
-699​
Yukon 24,499 24,759
-1.1​
-260​
CT6 1 145
-99.3​
-144​
Regal 4 59
-93.2​
-55​
-335,477​
 

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Bolt EUV = Future Collectible.
You read it here first.
Doubt it, they sold 2,700 in Q3 and they will get this back up and going again (I think)
 
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We know Ford's October and November numbers; Ford was down 4% in October, and up 5.9% in November, December is estimated at being down 6%.
(and through November; Ford is only down 5.6% YTD)

With Covid blowing-up, who knows what happens next, I think this will pass quickly, but in the meantime........ maybe buy an extra package of toilet paper, if ya know what I mean.........
EDITED:
Ford 173,740 in December
Ford 508,451 in Q4
Ford -17% in December.
Ford -6.3% in Q4
Ford -6.8% in 2021
 

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EDITED:
Ford 173,740 in December
Ford 508,451 in Q4
Ford -17% in December.
Ford -6.3% in Q4
Ford -6.8% in 2021
...We know Ford's October and November numbers; Ford was down 4% in October, and up 5.9% in November, December is estimated at being down 6%.
(and through November; Ford is only down 5.6% YTD)

With Covid blowing-up, who knows what happens next, I think this will pass quickly, but in the meantime........ maybe buy an extra package of toilet paper, if ya know what I mean.........
Meanwhile, Hyundai came in at -23% for 4Q but up +19% for the year so here's some numbers:

2021
Hyundai +19%
Toyota +10.4%
Ford -6.8%
GM -12.9%

Tesla is presumeably better but they don't release US numbers (only global).

Let's hope 2021 was the worst of the chip crisis...


EDIT: Here's the 4Q numbers using Ed's -6.3% for Ford:

4Q21

Ford -6.3%
Hyundai -23%
Toyota -30%
GM -42.9%
 

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Bolt EUV = Future Collectible.
You read it here first.
Bolt wasn’t in production in 4Q. Despite the fact that the Bolts were sidelined for the `4Q overall sales were 20% over 2020. Once GM fixes the Bolts issues, and it returns to production, there is bright future for the pair.

Also, the Cadillac CT4 and CT5 didn’t return to production until November if memory serves. I don’t know if they are still in production, because inventory on Autotrader has been shrinking a lot in the last few weeks.
 

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a
GM sold 26 EV's in the QUARTER!?

Zero-Zero-Twentry-Six ??? 🤓
Bolt production was non-existent in 4Q, and still Bolt finished the year up 20% despite being dormant for 4Q. It will recover fully after production is back up and running.

Hummer just getting started. Those sales will be strong.

Reminder:

Automotive tire Font Terrestrial plant Rectangle Automotive mirror
 
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Bolt wasn’t in production in 4Q. Despite the fact that the Bolts were sidelined for the `4Q overall sales were 20% over 2020. Once GM fixes the Bolts issues, and it returns to production, there is bright future for the pair.
In Q1 when they had inventory they were discounting in-excess of $14,000, but yeah sales were ripping.....

Also, the Cadillac CT4 and CT5 didn’t return to production until November if memory serves. I don’t know if they are still in production, because inventory on Autotrader has been shrinking a lot in the last few weeks.
Yes, we know - that's the problem, can't sell what you don't make..... so can they not make them or not sell them?
 

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a

Bolt production was non-existent in 4Q, and still Bolt finished the year up 20% despite being dormant for 4Q. It will recover fully after production is back up and running.

Hummer just getting started. Those sales will be strong.

Reminder:

View attachment 65134
Reuss said in mid-December that they had plans to make/sell 1,000 Edition 1 Hummer's in 2022.
 

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Ford claims Q4 sales title despite December drop | Fox Business

For the year, Toyota is #1, with GM in second and Ford in 3rd. We've seen several times throughout the year that the makes are holding onto chips until they have enough to make it worth producing. So, I don't think the sky is falling in light of the chip shortage. Carry on, things will go back to the normal pecking order once chip supplies return to normal. The only metric worth looking at this year is profits.
 

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Ford claims Q4 sales title despite December drop | Fox Business

For the year, Toyota is #1, with GM in second and Ford in 3rd. We've seen several times throughout the year that the makes are holding onto chips until they have enough to make it worth producing. So, I don't think the sky is falling in light of the chip shortage. Carry on, things will go back to the normal pecking order once chip supplies return to normal. The only metric worth looking at this year is profits.

2021 Q4 Sales:
Ford - 508,451
Toyota - 459,329
GM - 440,745
 

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Ford claims Q4 sales title despite December drop | Fox Business

For the year, Toyota is #1, with GM in second and Ford in 3rd. We've seen several times throughout the year that the makes are holding onto chips until they have enough to make it worth producing. So, I don't think the sky is falling in light of the chip shortage. Carry on, things will go back to the normal pecking order once chip supplies return to normal. The only metric worth looking at this year is profits.
Profits are important, no question, but you also need customers. I don't doubt they'll do better in 2022 but -43% in 4Q sales means way fewer customers. Some of them bought vehicles from other companies.
 

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Profits are important, no question, but you also need customers. I don't doubt they'll do better in 2022 but -43% in 4Q sales means way fewer customers. Some of them bought vehicles from other companies.
And the same thing happened to Toyota during the tsunami and it didn't hurt them in the long run. And GM has had several debilitating strikes over the decades and the sales returned. And, what about all those consumers GM picked up in other quarters when their results were better? I think it is a great, big wash.

I think of bigger concern is people buying used vs. new and possibly realizing used isn't so bad and never returning to new cars.

Bottom line is this smells of GMI "the sky is falling" over-reaction. The story I get from the full year results is GM is probably storing up chips for next quarter or something like that and we will swing the other way. Yes, Toyota is a shining star, but they are doing something no other make is really duplicating, so I'm not going to go nuts expecting GM to replicate something no other make is doing. GM's Q4 results suck big time, annual results look ok when compared to everyone else.
 

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And the same thing happened to Toyota during the tsunami and it didn't hurt them in the long run. And GM has had several debilitating strikes over the decades and the sales returned. And, what about all those consumers GM picked up in other quarters when their results were better? I think it is a great, big wash.

I think of bigger concern is people buying used vs. new and possibly realizing used isn't so bad and never returning to new cars.

Bottom line is this smells of GMI "the sky is falling" over-reaction. The story I get from the full year results is GM is probably storing up chips for next quarter or something like that and we will swing the other way. Yes, Toyota is a shining star, but they are doing something no other make is really duplicating, so I'm not going to go nuts expecting GM to replicate something no other make is doing. GM's Q4 results suck big time, annual results look ok when compared to everyone else.
"The story I get from the full year results is GM is probably storing up chips for next quarter or something like that and we will swing the other way."

Then why they are building most of their vehicles without heated/cooled seats or heated steering wheel for the next 6 months?
 
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"The story I get from the full year results is GM is probably storing up chips for next quarter or something like that and we will swing the other way."

Then why they are building most of their vehicles without heated/cooled seats or heated steering wheel for the next 6 months?
So they can build even more vehicles.
 
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