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General Motors September U.S. sales

  • General Motors' (GM) unit sales -11.0% to 187,195 vs. estimates for a 4.2% decline.
  • Retail sales rose 2% Y/Y during a month that had two less selling days than a year ago.
  • Brand sales: Chevrolet -14.7%; GMC -9.7%; Buick +6.5%; Cadillac +9.9%.
  • The automaker reports fleet sales declined 430 bps to 20.4% of total sales during the month.
  • (PR)
Comments (5)
  • mobyss
    , contributor
    Comments (1838) | Send Message
     
    "Government Motors" has lost a huge portion of their former customers to Ford, Toyota, Honda, and others.
    1 Oct 2013, 12:00 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (780) | Send Message
     
    It always take a buyer and a seller to make a market. Therefore, I'll happily take the other side of that trade.

     

    In a couple of years, I hope you'll remember your post and think back on all the money you could have made in GM. Because unless there is another major macro-economic event in the next two years, GM is one of the surest ways to make a buck in the current stock market. Especially, if Europe continues to improve.

     

    Personally, I absolutely LOVE companies trading for pennies on the dollar that continue demonstrate gathering momentum (this last sales report not withstanding).
    1 Oct 2013, 10:46 PM Reply Like
  • keentolearn
    , contributor
    Comments (128) | Send Message
     
    General Motors is still too big to fail. Nothing wrong with these numbers.
    1 Oct 2013, 12:08 PM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (3259) | Send Message
     
    General Miniscule is getting smaller every day. This month they cut the sales of the Cruze in half. Chevrolet is down 14.7%. GMC trucks almost 10%. Pretty soon GM will consist of just Buick and Cadillac. Then it won't be "too big to fail" any more and we can finally rid ourselves of this albatross.
    1 Oct 2013, 12:14 PM Reply Like
  • mobyss
    , contributor
    Comments (1838) | Send Message
     
    Aside from disagreeing about what GM will become (I think it will be Chevrolet/Cadillac in the US), I agree with the fact that GM will continue to shrink as a percentage of US market share.

     

    The government bailout of GM was probably more about preventing a complete collapse of GM where at least 50% of all operations and employees were permanently scuttled, to giving the company time to wind down some operations and reduce headcount more slowly.

     

    GM will continue to exist for a long while, but they will likely be a smaller company than Ford and Toyota in the not too distant future.
    1 Oct 2013, 12:50 PM Reply Like
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