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DETROIT — General Motors Co. (NYSE: GM) delivered 746,659 vehicles in the United States in the second quarter of 2019. Crossover sales set a new second quarter record after sales grew year over year by 17 percent. Sales of the Chevrolet Silverado 1500 crew cab and GMC Sierra 1500 crew cab were both up 12 percent year over year. The Chevrolet Equinox and Traverse and GMC Canyon all delivered record second quarter sales. Sales of every Buick crossover were up year over year, with the Envision posting a 28 percent sales increase. The Enclave was up 21 percent and the Encore was up 5 percent. Buick deliveries were up 5 percent and GMC deliveries were up 10 percent. The all-new Cadillac XT4 continues to lead its segment and the all-new Cadillac XT6 has begun shipping to dealers. Cadillac crossover deliveries were up 19 percent in total year over year, helping the brand grow both total and retail sales. The Chevrolet Suburban, Tahoe and GMC Yukon XL were each up more than 20 percent compared to a year ago. Overall, GM deliveries during the second quarter were down 1.5 percent versus a year ago, in line with third-party estimates for industry sales. The company estimates that its retail market share was even with a year ago, with truck and crossover deliveries offsetting lower passenger car sales. QUARTER 2 (CALENDAR YEAR-TO-DATE) JANUARY - JUNE 2019 2018 %Change Volume 2019 2018 %Change Volume Cascada 1,312 1,374 -4.5 2,058 2,292 -10.2 Enclave 15,159 12,551 20.8 27,739 22,420 23.7 Encore 24,291 23,167 4.9 48,897 48,635 0.5 Envision 9,138 7,118 28.4 16,761 16,814 -0.3 LaCrosse 2,487 4,053 -38.6 5,389 11,119 -51.5 Regal 2,985 4,507 -33.8 6,393 8,215 -22.2 Buick Total 55,373 52,891 4.7 107,240 109,695 -2.2 ATS 371 3,785 -90.2 893 7,747 -88.5 CT6 1,862 2,427 -23.3 4,050 4,894 -17.2 CTS 2,443 2,640 -7.5 4,871 5,082 -4.2 Escalade 9,432 9,655 -2.3 16,251 17,766 -8.5 XT4 7,080 0 ***.* 14,106 0 ***.* XT5 13,118 17,045 -23.0 26,396 31,890 -17.2 XT6 74 0 ***.* 74 0 ***.* XTS 5,359 3,665 46.2 9,093 8,563 6.2 Cadillac Total 39,739 39,222 1.3 75,734 75,949 -0.3 Blazer 11,772 0 ***.* 14,795 0 ***.* Bolt EV 3,965 3,483 13.8 8,281 7,858 5.4 Camaro 12,433 13,588 -8.5 24,516 25,380 -3.4 Colorado 31,669 41,016 -22.8 65,163 69,875 -6.7 Corvette 5,788 5,785 0.1 9,731 10,242 -5.0 Cruze 16,166 37,836 -57.3 39,477 77,691 -49.2 Equinox 85,657 73,967 15.8 174,157 156,365 11.4 Express 21,528 21,413 0.5 38,743 41,187 -5.9 Impala 12,536 13,595 -7.8 25,795 27,662 -6.7 LCF 1,305 756 72.6 1,864 1,286 44.9 Malibu 30,974 42,267 -26.7 65,171 76,417 -14.7 Silverado HD 31,496 37,452 -15.9 61,037 76,471 -20.2 Silverado LD 109,930 118,077 -6.9 194,426 214,603 -9.4 Silverado MD 1,038 0 ***.* 1,314 0 ***.* Sonic 4,024 4,582 -12.2 8,484 10,565 -19.7 Spark 7,226 4,454 62.2 13,649 11,399 19.7 Suburban 18,266 15,136 20.7 29,295 29,861 -1.9 Tahoe 32,942 26,880 22.6 53,795 50,523 6.5 Traverse 38,152 35,892 6.3 72,375 74,090 -2.3 Trax 21,790 26,507 -17.8 46,370 46,989 -1.3 Volt 1,146 4,336 -73.6 3,666 7,814 -53.1 Chevrolet Total 499,847 528,100 -5.3 952,248 1,019,019 -6.6 Acadia 28,420 20,108 41.3 59,620 50,008 19.2 Canyon 11,909 9,635 23.6 18,863 16,848 12.0 Savana 9,503 7,167 32.6 16,069 11,964 34.3 Sierra HD 13,946 14,364 -2.9 23,188 27,022 -14.2 Sierra LD 42,911 45,042 -4.7 74,215 73,852 0.5 Terrain 24,988 22,327 11.9 50,352 55,291 -8.9 Yukon 20,023 19,520 2.6 34,970 34,522 1.3 GMC Total 151,700 138,163 9.8 277,277 269,507 2.9 GM Vehicle Total 746,659 758,376 -1.5 1,412,499 1,474,170 -4.2
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Tesla announced their second quarter results yesterday and the news wasn't great. The electric automaker posted a net loss of $293 million for the quarter. It also looks like Tesla might fall short of delivering 80,000 vehicles goal for this year. The quarter saw Tesla move 14,402 vehicles (9,764 Model S and 4,638 Model Xs). Add in the first quarter deliveries of 11,507 vehicles, and Tesla is very short of meeting this goal. "We are clearly disappointed with our delivery numbers," said Tesla CFO Jason Wheeler. It should be noted that 'almost half' of Q2's deliveries took place within the last four weeks of the quarter. "We were in production hell for the first six months of the year. Man, it was hell. And we managed to climb out of hell partway through June and now the production line is humming and our suppliers mostly have their $h! together," said Tesla CEO Elon Musk during a conference call with analysts. There was some good news for Tesla in the second quarter. The company posted $1.6 billion in revenue for the quarter. Source: Tesla, Reuters View full article
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Tesla announced their second quarter results yesterday and the news wasn't great. The electric automaker posted a net loss of $293 million for the quarter. It also looks like Tesla might fall short of delivering 80,000 vehicles goal for this year. The quarter saw Tesla move 14,402 vehicles (9,764 Model S and 4,638 Model Xs). Add in the first quarter deliveries of 11,507 vehicles, and Tesla is very short of meeting this goal. "We are clearly disappointed with our delivery numbers," said Tesla CFO Jason Wheeler. It should be noted that 'almost half' of Q2's deliveries took place within the last four weeks of the quarter. "We were in production hell for the first six months of the year. Man, it was hell. And we managed to climb out of hell partway through June and now the production line is humming and our suppliers mostly have their $h! together," said Tesla CEO Elon Musk during a conference call with analysts. There was some good news for Tesla in the second quarter. The company posted $1.6 billion in revenue for the quarter. Source: Tesla, Reuters
