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Solid sales gains across brands for GM in April

  • General Motors (GM +1.5%) reports double-digit sales growth for the GMC and Buick brands in April. Chevrolet and Cadillac sales both rose close to 5%.
  • Sales by model: Buick Encore +48% to 4,317; Cadillac SRX +30.7% to 4,547; Chevrolet Corvette +261% to 3,514; Chevrolet Impala +27% to 13,915; Chevrolet Volt +18.5% to 1,548; GMC Sierra +21.4% to 17,246.
  • GM says it ended the month with 85 days supply of vehicles at 825,805 units. Last month, the mark stood at 83 days of supply.
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Comments (9)
  • funfun
    , contributor
    Comments (2650) | Send Message
     
    We are more than mildly curious: How much did GM Management have to jack up incentives and slash prices to move these vehicles off crowded lots to save face?

     

    …funfun..
    1 May, 10:37 AM Reply Like
  • Budavar
    , contributor
    Comments (1387) | Send Message
     
    A tiny hint as an answer to your funfun question:
    The dealer supply of vehicles increased to 85 from 83 days the previous month.

     

    GM will do almost anything to manipulate the numbers so it can come out with some statistics to gin up the price of GM stock.

     

    Which is a reminder of the Victorian PM Disraeli's wit = over 100 years old:

     

    There are iies, damn lies, and there are...statistics.
    1 May, 10:48 AM Reply Like
  • funfun
    , contributor
    Comments (2650) | Send Message
     
    Thanks, Budavar, another question:

     

    What constitutes "sales"? Does GM's PR-obsessed Management count April sales as the number of cars dumped on or sold to the dealers, or actual sales to purchasing or leasing customers? If the sales are really robust, why are dealer lots continuing to be jammed with increasing inventory? …funfun..
    1 May, 10:56 AM Reply Like
  • funfun
    , contributor
    Comments (2650) | Send Message
     
    And a final observation: Any corporation whose rabid fans and Management apologists have to resort to initiating hostile personal smears and off-topic insults against independently-speaking outside bloggers is one sick, unethical organisation. Investors beware and be wary! What are they hiding that a free flow of information and differing opinions cannot take place in a civil forum? ...funfun..
    1 May, 02:23 PM Reply Like
  • Bernie1018
    , contributor
    Comments (2) | Send Message
     
    Fun fun why do you not stop moaning and buy a lot of Gm stock! Maybe you will make some money which I doubt you are now. GM products are improving by leaps and bounds. I am a car guy which you are apparently not!
    1 May, 11:30 AM Reply Like
  • J38765
    , contributor
    Comments (222) | Send Message
     
    Really good numbers from GM across the board on top of great numbers in China. The ATPs continue to run well ahead of last year and inventories are actually in terrific shape. 85 days supply coming out of the typically slower 1st quarter sales heading into Spring and Summer selling season is right in the sweet spot. As the news cycle on the recall continues to wind down the headwinds for the stock should diminish. I think GM shareholders are about to reap near term and mid term rewards for their patience.
    1 May, 11:41 AM Reply Like
  • Rabbiy
    , contributor
    Comments (4) | Send Message
     
    Why not go for Nissan, lower p/e, Altima has outsold the Camry this year
    1 May, 02:18 PM Reply Like
  • DorkDude00
    , contributor
    Comments (17) | Send Message
     
    Japanese brands led in incentives this reporting period. Got anything to say Budvar or fun fun?
    1 May, 04:52 PM Reply Like
  • lemm
    , contributor
    Comments (441) | Send Message
     
    @DorkDude00,I just read the same thing about the incentives.I guess it is because of the devaluation of their currency,which allows them to give greater incentives and still make a good profit,it hurts our domestic companies,imo.By the way,you shouldn't make fun of funfun,it hurts his feelings.
    2 May, 10:48 AM Reply Like
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