5 posts in this topic

William Maley    405

GM Announces January U.S. Sales, Affirms Positive Outlook
DETROIT — General Motors (NYSE: GM) U.S. dealers delivered 195,909 cars, trucks and crossovers in January, down 3.8 percent year over year. Retail sales totaled 155,010 units, down 4.9 percent, and the company set a new January record for average transaction prices.

“In early January, we focused on profitability while key competitors sold down their large stocks of deeply discounted, old-model-year pickups,” said Kurt McNeil, U.S. vice president of Sales Operations. “We gained considerable sales momentum as we rebuilt our mid-size pickup, SUV and compact crossover inventories from very low levels following record-setting December sales.”

Inventories of most of these products were in the 30 – 50 days’ supply range at the beginning of January.

January Highlights (vs. Jan. 2016)

  • GM estimates that the seasonally adjusted annual selling rate (SAAR) for light vehicles was approximately 17.6 million units.
  • GM’s ATPs, which reflect retail transaction prices after incentives, rose $1,200 per unit to $34,500, a new January record. 
  • GM was the only domestic automaker and one of only two full-line automakers to reduce incentives as a percentage of ATP. GM spending was 12.7 percent, down 0.3 points, and the industry average was 12.3 percent, up 1.3 points.
  • Rental deliveries were down 1 percent. Total fleet sales were up 1 percent on a 12 percent increase in Government deliveries and a 1 percent increase in Commercial sales. GM’s fleet mix was 21 percent of total sales.
  • Small business deliveries were up 4 percent.

Chevrolet Retail Sales

  • The Cruze, up 22 percent, the Volt, up 56 percent, and the Trax, up 40 percent, had their best-ever January retail sales. Total sales were also January records.
  • Spark deliveries were up 40 percent.
  • Bolt EVs, which were available in California and Oregon during the month, had the fastest days to turn in the industry at 7 days.
  • The Tahoe, up 8 percent, and Suburban, up 11 percent, had their best January retail sales since 2008.
  • The Equinox was up 4 percent.
  • The Colorado was up 9 percent for its best January retail sales since 2005. Total sales were also the highest January since 2005.
  • Sales of the Silverado HD pickup were up 32 percent for the truck’s best January retail sales since 2008. Total HD sales were also the best since 2008.

Buick Retail Sales

  • Crossover deliveries were up 20 percent, driven by higher Encore sales and the first-ever Envision.
  • Average transaction prices were up 9 percent, four times better than the industry average growth.

GMC Retail Sales

  • Deliveries of the Acadia were up 15 percent.
  • Sierra deliveries were up 2 percent, for the truck’s best retail January sales since 2002.
  • Average transaction prices were up 7 percent, more than three times better than the industry average growth.

Cadillac Retail Sales

  • Cadillac sales were up more than 1 percent.
  • Crossover deliveries were up 11 percent, on the strength of the new XT5.
  • Total Escalade deliveries were up 10 percent, driven by 7 percent increase in Escalade ESV retail sales.
  • Average transaction prices were the highest in the brand’s history at $55,300, up about $1,000 year over year.

GM Momentum Continues to Grow
In 2016, GM was the industry’s fastest-growing full-line automaker on a retail sales basis, and Chevrolet has been the fastest-growing full-line brand for two consecutive years on a retail basis. Chevrolet grew retail market share in 2015-2016 by almost one full percentage point, which translates to more than 120,000 incremental sales.

“Our go-to-market strategy in 2017 is the same as 2016,” McNeil said. “We are focused on strengthening our brands, growing retail sales and share, reducing daily rental deliveries and maintaining our operating discipline.”

GM is optimistic about the year ahead because the economy is strong and the company’s four brands are dramatically expanding their product offerings in fast-growing crossover segments.

  • Industry sales are expected to remain at or near record levels, with higher GM retail sales and market share on a year-over-year basis.
  • GM’s deliveries to daily rental companies are expected to decline as a percentage of total sales for the third year in a row.
  • GM will continue to match production with customer demand. Previously announced plans to reduce passenger car production at plants in Lordstown, Ohio and Lansing, Michigan were implemented at the end of January.
  • GM’s operating discipline will help drive continued improvements in brand health and resale values. During January, IHS Markit said GM had the highest overall loyalty to a manufacturer for the second year in a row. Also, Kelley Blue Book gave seven Chevrolet and GMC vehicles awards for outstanding resale value, more than any other manufacturer.
  • Ten all-new or recently redesigned crossovers are expected to drive GM’s 2017 sales results, including two new compact models, which will compete in the industry’s largest segment.

Crossover Launches by Brand

  • Chevrolet will have the industry’s broadest and freshest lineup of utility vehicles behind the 238-mile range Bolt EV; the 2018 Equinox, which arrives in showrooms soon; and the all-new Traverse, which arrives this summer.
  • At Buick, crossovers are expected to account for as much as 75 percent of retail deliveries, up from 66 percent in 2016, driven by the Encore, Envision and Enclave.
  • GMC, which has the highest average transaction prices of any non-luxury brand, will launch the all-new 2018 Terrain in late summer. It will complement the redesigned Acadia, which went on sale in late summer 2016.
  • Cadillac will benefit from a full year of production of the new XT5 crossover, which is now the second best-selling vehicle in its segment.

General Motors Jan 2017.jpg

Share this post


Link to post
Share on other sites
cp-the-nerd    441

Absolutely brutal month for sedan sales, holy sh!t.

Also, can we get a new sales sheet attachment? This one is very hard to read even at full res.

  • Upvote 1

Share this post


Link to post
Share on other sites
dfelt    1,861

I am shocked by the Buick sales drop off! Anyone have any ideas what happened? That is ugly!

Share this post


Link to post
Share on other sites
smk4565    350

No Verano anymore, Regal sales were never strong to begin with and are bottoming out, Lacrosse operates in a dying segment.  Impala was way down too, full size sedans just don't sell anymore.  

What is sort of shocking is Malibu down 43% because that segment isn't small or going away.  Cadillac sedans had a brutal month, but people want crossovers.  

  • Upvote 1

Share this post


Link to post
Share on other sites
Stew    350
On 2/1/2017 at 4:46 PM, smk4565 said:

No Verano anymore, Regal sales were never strong to begin with and are bottoming out, Lacrosse operates in a dying segment.  Impala was way down too, full size sedans just don't sell anymore.  

What is sort of shocking is Malibu down 43% because that segment isn't small or going away.  Cadillac sedans had a brutal month, but people want crossovers.  

You may want to look through the sales reports  Midsize sedans took a MAJOR hit.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now




  • Similar Content

    • By William Maley
      Last night, workers at General Motors' CAMI Assembly plant in Ingersoll, Ontario went on strike. GM and Unifor Local 88 - the group that represents about 2,750 workers at the plant - were unable to reach a tentative contract before a deadline of 10:59 P.M. last night. This is the first time since 1996 that Canadian autoworkers went on strike against an automaker.
      "While General Motors of Canada and our Unifor partners have made very positive progress on several issues over the past weeks, the Company is disappointed that we were not able to complete a new agreement. We encourage Unifor to resume negotiations and to continue working together to secure a competitive agreement," GM said in a statement on Sunday.
      You might be wondering why a strike is taking place in the first place as GM already worked out a deal with Unifor back in September. That's because Unifor members at CAMI are under a different contract than workers at other plants, meaning they were not involved in the negotiations.
      CAMI is home to the Chevrolet Equinox and used to build the GMC Terrain, before being sent down to Mexico. The loss of the Terrain meant 400 workers were laid off, while another 200 workers took early retirement.
      Unifor Local 88 President Dan Borthwick said the two sides are very much apart on “language issues, economic issues that are still outstanding, and, most importantly, job security.” Borthwick also said GM wouldn't budge on Unifor's demand by making a long-term commit through new products and investments.
      "We put our best foot forward, and we don’t believe the company is serious about our membership’s demands,” he said to Automotive News.
      Stalling production at CAMI raises some headaches. As The Truth About Cars note, various operations such as the engine and transmission plant in St. Catharines, Ontario and numerous suppliers will be hampered by this strike.
      There are concerns if the strike goes long-term. The popularity of the Equinox and Terrain has been booming thanks to the large increase in crossovers. Data from Automotive News shows that Chevrolet dealers in U.S. had about a 53 day supply of Equinoxes at the start of the month, well below the 74-day supply last month. While GM also builds the Equinox in two plants in Mexico, CAMI is where the majority of the models are built. Through August, the San Luis Potosi and Ramos Arizpe plants in Mexico built a combined total of 40,017 units. Meanwhile at CAMI, 132,288 Equinox models rolled off the line. Losing CAMI for a time could mean a tighter supply of Equinox models.
      Source: Automotive News (Subscription Required), The Truth About Cars

      View full article
    • By William Maley
      Last night, workers at General Motors' CAMI Assembly plant in Ingersoll, Ontario went on strike. GM and Unifor Local 88 - the group that represents about 2,750 workers at the plant - were unable to reach a tentative contract before a deadline of 10:59 P.M. last night. This is the first time since 1996 that Canadian autoworkers went on strike against an automaker.
      "While General Motors of Canada and our Unifor partners have made very positive progress on several issues over the past weeks, the Company is disappointed that we were not able to complete a new agreement. We encourage Unifor to resume negotiations and to continue working together to secure a competitive agreement," GM said in a statement on Sunday.
      You might be wondering why a strike is taking place in the first place as GM already worked out a deal with Unifor back in September. That's because Unifor members at CAMI are under a different contract than workers at other plants, meaning they were not involved in the negotiations.
      CAMI is home to the Chevrolet Equinox and used to build the GMC Terrain, before being sent down to Mexico. The loss of the Terrain meant 400 workers were laid off, while another 200 workers took early retirement.
      Unifor Local 88 President Dan Borthwick said the two sides are very much apart on “language issues, economic issues that are still outstanding, and, most importantly, job security.” Borthwick also said GM wouldn't budge on Unifor's demand by making a long-term commit through new products and investments.
      "We put our best foot forward, and we don’t believe the company is serious about our membership’s demands,” he said to Automotive News.
      Stalling production at CAMI raises some headaches. As The Truth About Cars note, various operations such as the engine and transmission plant in St. Catharines, Ontario and numerous suppliers will be hampered by this strike.
      There are concerns if the strike goes long-term. The popularity of the Equinox and Terrain has been booming thanks to the large increase in crossovers. Data from Automotive News shows that Chevrolet dealers in U.S. had about a 53 day supply of Equinoxes at the start of the month, well below the 74-day supply last month. While GM also builds the Equinox in two plants in Mexico, CAMI is where the majority of the models are built. Through August, the San Luis Potosi and Ramos Arizpe plants in Mexico built a combined total of 40,017 units. Meanwhile at CAMI, 132,288 Equinox models rolled off the line. Losing CAMI for a time could mean a tighter supply of Equinox models.
      Source: Automotive News (Subscription Required), The Truth About Cars
    • By William Maley
      Volvo Reports Four Percent Growth in August
      ROCKLEIGH, N.J. (September 1, 2017) - Volvo Car USA, LLC, (VCUSA) reported U.S. sales of 7,994 vehicles for the month of August, a 4.1 percent increase versus August 2016. The month was led by the XC90 with 2,869 sales, followed by the XC60 with 2,218 current generation and 303 of the first arriving all-new vehicles.
       
      “August brought the increased availability of carlines we have been anticipating and the arrivals of the first all-new XC60 vehicles,” said Lex Kerssemakers, President and CEO, Volvo Car USA. “This, coupled with strong programs in place, will allow us to carry the positive momentum for the remainder of the year, resulting in growth for 2017.”
      Models August 2017 August 2016 % Year To Date 2017 Year To Date 2016 % S60 1,125 1,110 1.4 % 7,978 8,755 -8.9 % S60 CC 37 40 -7.5 % 176 400 -56.0 % S80 1 99 -99.0 % 6 500 -98.8 % S90 918 194 373.2 % 4,727 451 948.1 % V60 111 342 -67.5 % 1,801 2,459 -26.8 % V60 CC 127 412 -69.2 % 1,731 1,878 -7.8 % V90 32 0 100.0 % 93 0 100.0 % V90 CC 253 0 100.0 % 1,320 0 100.0 % XC60 2,218 1,847 20.1 % 12,458 12,770 -2.4 % XC60 II 303 0 100.0 % 1,282 0 100.0 % XC70 0 778 - 73 3,919 -98.1 % All-New XC90 2,869 2,859 0.3 % 17,421 21,760 -19.9 % Total 7,994 7,681 4.1 % 49,066 52,892 -7.2 % * I, II, III etc shows which generation the car model belongs to.
    • By William Maley
      Hyundai Motor America Reports August Sales
      Tucson Has its Best August Ever, Up 28 Percent Year-Over-Year Genesis Sales Up 10 Percent Compared with Last Month FOUNTAIN VALLEY, Calif., Sept. 1, 2017 /PRNewswire/ -- Hyundai Motor America today reported August sales of Hyundai and Genesis branded vehicles of 54,310 units, a 25 percent decline compared with the company's best all-time August in 2016. The monthly sales decline continues to be attributed to a substantial reduction in fleet sales that were down 53 percent compared with August 2016.
      SALES BY BRAND
        Aug-17
      Aug-16
      2017 YTD
      2016 YTD
      Hyundai
      52,507
      70,518
      441,367
      519,581
      Genesis
      1,803
      1,497
      13,366
      1,497
      TOTAL
      54,310
      72,015
      454,733
      521,078
      HYUNDAI BRAND HIGHLIGHTS
      "The Hyundai Tucson had another record breaking month. Its combination of bold design and advanced technology is resonating with customers looking for a versatile CUV," said Sam Brnovich, executive director, National Sales, Hyundai Motor America. "The 2018 Sonata is gaining momentum as well and just earned the 2017 TOP SAFETY PICK+ designation from the Insurance Institute of Highway Safety, it highest accolade."
      In the Houston area, Hyundai is focused on helping its customers and dealers recover from the devastation of Hurricane Harvey. Both Hyundai and Genesis have launched disaster relief programs that provide an offer to anyone with a damaged vehicle. This incentive is effective in all states as some impacted people may have been in Houston on business or vacation. Hyundai Capital America (captive finance for Hyundai and Genesis) is also offering payment relief solutions, including payment extensions, redirection of billing statements and arranging for phone or on-line payments free of charge. In addition, Hyundai's non-profit organization, Hyundai Hope On Wheels, is making donations to five Texas-area children's hospitals to assist with patient needs, resulting from the super storm.
      HYUNDAI MODELS
      Vehicle
      Aug-17
      Aug-16
      2017 YTD
      2016 YTD
      Accent
      2,632
      8,329
      37,262
      54,705
      Azera
      349
      398
      2,374
      3,356
      Elantra
      15,127
      20,733
      128,666
      137,668
      Equus
      0
      83
      19
      1,237
      Genesis
      125
      1,317
      1,128
      20,818
      Santa Fe
      11,474
      15,176
      84,235
      86,948
      Sonata
      10,866
      14,888
      97,829
      139,932
      Tucson
      9,757
      7,608
      72,721
      58,000
      Veloster
      1,018
      1,986
      9,841
      16,917
      Ioniq
      1,159
      0
      7,292
      0
      GENESIS BRAND HIGHLIGHTS
      August Genesis sales totaled 1,803, a 10 percent increase over last month and a 20 percent increase compared with August 2016.
      “Genesis continues to grow in sales, and make strides in awareness,” said Erwin Raphael, general manager of Genesis in the U.S. market. “Last month alone, the Genesis G90 won ‘best in class’ in AutoPacific’s ‘Ideal Vehicle Award,’ and we announced new connected-car capabilities using Google Home and Assistant technology. Genesis’ commitment to ‘raising the bar’ for customers is being validated by industry analysts and our technology partners alike.”
      GENESIS MODELS
      Vehicle
      Aug-17
      Aug-16
      2017 YTD
      2016 YTD
      G80
      1,484
      1,497
      10,489
      1,497
      G90
      319
      0
      2,877
      0
    • By William Maley
      MITSUBISHI MOTORS REPORTS 11.3 PERCENT SALES INCREASE
      Total reported August sales of 8,164 are up 11.3 percent over last August Outlander posts its best sales month since 2003 with 2,730 units sold Outlander Sports sales soar to a 12.7 percent increase over last August CYPRESS, Calif. – Mitsubishi Motors North America, Inc. (MMNA) reported August 2017 sales of 8,164, up 11.3 percent over August 2016. Mitsubishi’s CUV sales sizzled in the month with total CUV sales up 20.2 percent versus last year. Outlander closed the month with its best sales month in 14 years with 2,730 units sold, up 29 percent over last August. Outlander Sport sales were 2,898, an increase of 12.7 percent over August 2016.
      Total 2017 calendar-year sales are up 5.4 percent compared to last year at this time with 70,765 units sold.
       
      August
      YTD
       
      2017
      2016
      2017
      2016
      i‐MiEV
      0
      25
      6
      65
      Mirage
      1557
      1541
      16804
      15994
      Lancer
      979
      1089
      9821
      10616
      Outlander Sport
      2898
      2572
      20874
      22948
      Outlander
      2730
      2109
      23260
      17537
      Total
      8164
      7336
      70765
      67160
       
  • My Clubs

  • Who's Online (See full list)

    There are no registered users currently online