Seeking Alpha

General Motors June U.S. sales

  • General Motors (GM) unit sales +12.6% to 284,694 to eclipse estimates for a 6.4% rise.
  • Retail sales increased 10% in May, while fleet sales soared 21%.
  • The automaker anticipates it increased its market share in the U.S. during the month despite the negative headlines tied to the large ignition switch recall.
  • GM +1.5% in early action
Comments (15)
  • rozziePDX
    , contributor
    Comments (8) | Send Message
     
    Recall boosting store traffic as concerns on the safety of these cars brings people in showroom, providing opportunity for dealers to sell up. Just how much can they absorb in lower value for trades on suspect cars to push into new iron? Also, fleet sales up over 20% is not a positive, likely done at low margin and boasting about market share shows management is still in old mindset of past decades. Investors want profits, not market share and it still isn't clear that management gets it. Auto loans extending out - record number of 7 year loans, avg now exceeds 66 months. For a depreciating asset, this isn't the right direction.
    3 Jun, 09:49 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3311) | Send Message
     
    Rozzie,

     

    Any margins sacrificed on trades come from dealers, not GM.

     

    Banks holding the bag on loans, is that of the banks. (naturally, with the exception of an automaker's own finance arm)
    3 Jun, 11:38 AM Reply Like
  • rozziePDX
    , contributor
    Comments (8) | Send Message
     
    NOT if they are charged to the recall - that is exactly my point. Dealers seem happy about level of traffic, kind of like any notice in the press is good for business. They can wash their hands and point fingers at GM yet "get people into safer cars" by inflating the actual value of the trade in's with recall expenses they pass to GM the parent. That is not picked up by the dealer.
    9 Jun, 03:15 PM Reply Like
  • J38765
    , contributor
    Comments (87) | Send Message
     
    Rozzie if I were you I would take a huge short position here. I am sure your laser focused analysis will be amply rewarded.
    3 Jun, 09:57 AM Reply Like
  • cbmetcalfe
    , contributor
    Comments (85) | Send Message
     
    The CURRENT GM products are selling well because they are some of the best on the market. Regardless of what PAST issues are hurting bottom line. GM used to make mediocre cars. Now, they are producing cars in line with the quality of their pickups.
    3 Jun, 10:03 AM Reply Like
  • Me4buick
    , contributor
    Comments (15) | Send Message
     
    Fleet sales percentage not out of the norm....auto loan length is industry number...do not infer this is GM exclusive.....excellent point on quality of products...
    3 Jun, 11:59 AM Reply Like
  • ara1029
    , contributor
    Comments (126) | Send Message
     
    if you can't put the correct month in the title- how can one trust that information you provide is accurate going forward? A small typo can make a huge difference. Yes, it's an obvious mistake that is easy to catch, but that is my point... what about info that may be incorrect and ISN'T obvious- how can one trust it?
    3 Jun, 06:32 PM Reply Like
  • funfun
    , contributor
    Comments (2015) | Send Message
     
    General Motors Management must have spent a fortune in incentives, discounts, and any price-slashing trick imaginable in order to fabricate the PR IMAGE that their waxing scandal over deadly defective GM cars has done absolutely nothing damaging to the deeply stained GM brand and consumer sentiment! …funfun..
    3 Jun, 09:31 PM Reply Like
  • vick4717
    , contributor
    Comments (79) | Send Message
     
    Best sales for May in the last seven years. The new GM team is number one and showing it every month. When you build quality cars and trucks, they will sell and GM is proving that. I am long on GM and a proud owner of two GM vehicles.
    5 Jun, 12:26 AM Reply Like
  • J38765
    , contributor
    Comments (87) | Send Message
     
    GM knocked it out of the park! Total sales up 13%. Retail sales up 10%. Average transaction prices up $2,700.00 YTD. Incentive spending down and inventory day supply dropped from 87 days to 75.
    4 Jun, 08:03 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3311) | Send Message
     
    J38765,

     

    Yup,

     

    Blowout numbers

     

    Stormclouds lifting, Mary will be cleared for take-off

     

    http://nyti.ms/1hyGxCQ

     

    Even Cramer pumping the stock again.

     

    http://cnb.cx/1hyGxCS

     

    Shorts will be crushed.
    4 Jun, 08:11 AM Reply Like
  • rozziePDX
    , contributor
    Comments (8) | Send Message
     
    Wrong, fleet sales were up 21%. Pundits say volumes up big but remember they are comp numbers, that is why they look so good.
    9 Jun, 03:14 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3311) | Send Message
     
    Gee,

     

    Thanks for enlightening us, and explaining how only Zero-Hedge and yourself are capable of analyzing data, while the market with millions of smart people globally, rallied the stock for no reason.

     

    You must be very special indeed.

     

    Perhaps you should have used the word "Channel Stuffing as well?
    9 Jun, 03:19 PM Reply Like
  • funfun
    , contributor
    Comments (2015) | Send Message
     
    Folks, stay tuned this morning, June 5, 2014, for the filtered disclosure of the results of a secret internal GM investigation done by a long-time GM law firm which has reaped $millions in legal fees from General Motors in the past, and expects the same in the future.

     

    This "investigation" sick from the disease of conflict of interest at the get-go will to no one's surprise proclaim the complete innocence and ignorance of GM Chieftess Mary Barra. Never mind that in her executive capacity, the GM safety function reported to Ms. Barra for years! Yes, auto safety or non-safety was directly under her management. How do you spell "WHITE-WASH"? …funfun..
    5 Jun, 07:04 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3311) | Send Message
     
    How to you spell Short-squeeze.

     

    making money is fun!
    5 Jun, 08:24 AM Reply Like
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