June looking very ugly for GM

[jrockb4]

http://detnews.com/apps/pbcs.dll/article?A.../606280376/1148

[Matt276]

But last year, sales were up 41%. Down 36% for this year. Does it mean +5% from 2004?????

[aaaantoine]

Just remember that last years sales inflation was as the result of the "Employee Discount for Everyone" event, which created one of the most impressive months of GM sales in recent history.

[the_yellow_dart]

Yep. The employee discount sold me my Cobalt (in August, mind you).

[rueben44]

See those reports can be so misleading. How could they match the sales of last June when it was a blow out sale? Looking at the big picture they did really well. If they get the new products out faster they can keep their market share from falling. Also if they do some updates to the Chevy and Pontiac models they can also help the sale trends.

[sciguy_0504]

We talked about this when the GMS pricing program began. The numbers for this year are going to look horrible and the media will have a field day. We'll see how well GM can spin things.

[espo19047]

We talked about this when the GMS pricing program began.  The numbers for this year are going to look horrible and the media will have a field day.  We'll see how well GM can spin things.

When September October and November are much better then 2005 Gm can say "we told you so." Edited June 29, 2006 by espo19047

[goblue1999]

But last year, sales were up 41%.  Down 36% for this year. Does it mean +5% from 2004?????

uhhhh..............no!

simple math

pretend: 2004 = 1000 sales

2005 = 41% increase => 1410 sales

2006 = 36% decrease => 508 less vehicles = 902 = 10% decline from 2004

another good example:

one year, your stock loses 50% of it's value, how much do you need to make the next year, to break even??

start with stock at $10/share, lose 50%, stock is worth $5

to get back to even you need to return 100%!! good luck.

[buickguy]

GM needs to expedite the Buick Enclave and Saturn Outlook to market.

Speed up the Camaro project.

Speed up the Cadillac CTS update.

Bring the Buick Velite to market.

[goblue1999]

GM needs to expedite the Buick Enclave and Saturn Outlook to market.

Speed up the Camaro project.

Speed up the Cadillac CTS update.

Bring the Buick Velite to market.

How right you are!!

then, redo the malibu, get rid of the LaCrosse, stop building the minivans!!

[CaddyXLR-V]

GM needs to expedite the Buick Enclave and Saturn Outlook to market.

Speed up the Camaro project.

Speed up the Cadillac CTS update.

Bring the Buick Velite to market.

The last 3 will do next to nothing in terms of volume. GM's growth needs to come from the Lambda's(X-overs and minivans) NG Malibu/Aura, and gmt-900 pickups. Zeta as a whole will help, but not the Camaro by itself.

[Matt276]

GM needs high volume midsized cars. A Malibu that sells 30K units a month would help a lot, along with 20K G6 and 10K Aura.

[VenSeattle]

GM sold 558,092 vehicles in June 2005... but

GM only sold 380,267 in June 2004...

Let's see how bad it turns out. Due to the extreme circumstances surrounding last year's sales numbers, I'm more so inclined to compare 2004 with 2006.

[walc]

GM Dealers, in my area, are staying open through July 5th, as GM is allowing all sales through that date to be reported as June sales. The 0% for 72 months and the long month should boost the June numbers. Of course, the short July numbers will, probably, suffer.

[Chicagoland]

Don't get rid of LaCrosse, just get an Epsilon body replacement asap. And upgrade the Delta cars. Make the G5 more Pontiac

RWD V8 cars will get attention, but then most people end up buying fwd or an SUV.

[Matt276]

Down 25%. Can someone post it?

[Igor2]

Down 25%. Can someone post it?

http://media.gm.com/servlet/GatewayServlet...n=2&docid=27076

I have to say 30k for impala is pretty impressive ...

Igor

[Igor2]

GM needs high volume midsized cars. A Malibu that sells 30K units a month would help a lot, along with 20K G6 and 10K Aura.

very true .. as much as Solstice/corvette and sky are hits and make gm look good again, the sell less than 3k each a month .. that will not save GM .. look at Ford .. one single product line - the Fusion trio - is singlehandidly saving their asses right now, as it is managing increase in car marketshare and each month offests at least half of the truck sales decline ....

Ford has been lucky this first half of the year....

Igor

[Matt276]

http://media.gm.com/servlet/GatewayServlet...n=2&docid=27076

I have to say 30k for impala is pretty impressive ...

Igor

yes but I hope those were not dumped to fleet.

[Igor2]

yes but I hope those were not dumped to fleet.

Me too.. but w will have to wait and see untill about november to know for sure though....

Igor

[VenSeattle]

GM sold 558,092 vehicles in June 2005... but

GM only sold 380,267 in June 2004...

Let's see how bad it turns out. Due to the extreme circumstances surrounding last year's sales numbers, I'm more so inclined to compare 2004 with 2006.

June 2006 vehicle total: 413,473

Haven't looked at the release but that's higher than their 2004 total.