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Found 4 results

  1. We're now into the third week of the strike at GM's CAMI Assembly in Ontario and neither side appears to be budging. There are rising concerns that GM could be running out of the stockpile of the Chevrolet Equinox. GM's second-best selling nameplate. According to data from Automotive News, GM had 43,453 Equinoxes (about a 41-day supply) at the beginning of this month. Chevrolet dealers sold 27,512 Equinox models last month. If this trend continues, there could be some serious problems towards the end of the year. "That's going to be hard on Equinox to compete on such a limited quantity in such a hot segment. We would expect sales to pick up in the last quarter of the year," said Jessica Caldwell, senior analyst and director of pricing and industry analysis for Edmunds.com. GM has been downplaying this issue since the strike started. "We believe we have sufficient inventory and production to meet demand while negotiations continue and we continue to work closely with dealers to ensure customers continue to be well served," the company said in a statement. A small number of dealers that spoke with Automotive News said their inventory of the Equinox models hasn't been directly affected, but that could change if the strike continues. GM is ramping up Equinox production at two plants in Mexico - San Luis Potosi and Ramos Arizpe. The company declined to provide production capacity or change in plans due to the strike. But neither plant can compete with the output of CAMI. Through August, the two Mexican plants produced 40,017 Equinox models since production began in April. Compared to CAMI which produced an estimated 132,388 models in the same timeframe. "We don't know the ramp-up at the other production facilities in Mexico. That's the X factor," said Caldwell. Source: Automotive News (Subscription Required)
  2. General Motors is dialing back on production as it currently has too many vehicles in inventory. The Detroit News reports that General Motors at the end of November had 874,000 vehicles sitting around - a number that hasn't been seen since the 2008 financial crisis. Compared to the same time last year, the number of vehicles has increased by 182,000 units. More worrying is that compared to October, the number of unsold vehicles rose by 40,000. Despite strong sales, more consumers are going with crossovers, SUVs, and pickup trucks. GM even increased incentives on a number of models to help relieve this glut, all to no avail. According to Autodata, this is amount of passenger vehicles GM had sitting, 110 day-supply of the Cadillac CT6 119 day-supply of the Cadillac ATS 121 day-supply of the Chevrolet Cruze 132 day-supply of the Cadillac CTS 168 day supply of the Buick LaCrosse 170 day-supply of the Chevrolet Corvette and Spark 177 day-supply of the Chevrolet Camaro Because of this, General Motors is cutting back on production at some of their plants. As we reported last month , GM is cutting a shift at their Lansing Grand River plant in Michigan (home to Cadillac ATS, CTS, and Chevrolet Camaro) and a shift at Lordstown, Ohio plant (home to the Chevrolet Cruze). General Motors will also be shutting down five plants according to Reuters in January. The plants include, Detroit-Hamtramck (Three weeks) Fairfax, KS (Three weeks) Lansing Grand River (Two weeks) Lordstown, OH (One week) Bowling Green, KY (One week) Source: The Detroit News, Reuters
  3. We're now into the third week of the strike at GM's CAMI Assembly in Ontario and neither side appears to be budging. There are rising concerns that GM could be running out of the stockpile of the Chevrolet Equinox. GM's second-best selling nameplate. According to data from Automotive News, GM had 43,453 Equinoxes (about a 41-day supply) at the beginning of this month. Chevrolet dealers sold 27,512 Equinox models last month. If this trend continues, there could be some serious problems towards the end of the year. "That's going to be hard on Equinox to compete on such a limited quantity in such a hot segment. We would expect sales to pick up in the last quarter of the year," said Jessica Caldwell, senior analyst and director of pricing and industry analysis for Edmunds.com. GM has been downplaying this issue since the strike started. "We believe we have sufficient inventory and production to meet demand while negotiations continue and we continue to work closely with dealers to ensure customers continue to be well served," the company said in a statement. A small number of dealers that spoke with Automotive News said their inventory of the Equinox models hasn't been directly affected, but that could change if the strike continues. GM is ramping up Equinox production at two plants in Mexico - San Luis Potosi and Ramos Arizpe. The company declined to provide production capacity or change in plans due to the strike. But neither plant can compete with the output of CAMI. Through August, the two Mexican plants produced 40,017 Equinox models since production began in April. Compared to CAMI which produced an estimated 132,388 models in the same timeframe. "We don't know the ramp-up at the other production facilities in Mexico. That's the X factor," said Caldwell. Source: Automotive News (Subscription Required) View full article
  4. General Motors is dialing back on production as it currently has too many vehicles in inventory. The Detroit News reports that General Motors at the end of November had 874,000 vehicles sitting around - a number that hasn't been seen since the 2008 financial crisis. Compared to the same time last year, the number of vehicles has increased by 182,000 units. More worrying is that compared to October, the number of unsold vehicles rose by 40,000. Despite strong sales, more consumers are going with crossovers, SUVs, and pickup trucks. GM even increased incentives on a number of models to help relieve this glut, all to no avail. According to Autodata, this is amount of passenger vehicles GM had sitting, 110 day-supply of the Cadillac CT6 119 day-supply of the Cadillac ATS 121 day-supply of the Chevrolet Cruze 132 day-supply of the Cadillac CTS 168 day supply of the Buick LaCrosse 170 day-supply of the Chevrolet Corvette and Spark 177 day-supply of the Chevrolet Camaro Because of this, General Motors is cutting back on production at some of their plants. As we reported last month , GM is cutting a shift at their Lansing Grand River plant in Michigan (home to Cadillac ATS, CTS, and Chevrolet Camaro) and a shift at Lordstown, Ohio plant (home to the Chevrolet Cruze). General Motors will also be shutting down five plants according to Reuters in January. The plants include, Detroit-Hamtramck (Three weeks) Fairfax, KS (Three weeks) Lansing Grand River (Two weeks) Lordstown, OH (One week) Bowling Green, KY (One week) Source: The Detroit News, Reuters View full article
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