Seeking Alpha

More on GM's U.S. auto sales report

  • General Motors (GM +0.3%) smashed estimates for May sales with the Buick and Chevrolet both seeing double-digit sales growth.
  • Sales by model: Cadillac SRX +27.2% to 4,762; Buick Encore +113% to 4,475; Chevrolet Cruze +41% to 32,393; Chevrolet Silverado/C/K Pickup +7.8% to 46,648; GMC Sierra +14.1% to 18,326.
  • The automaker ended the month with 77 days supply, compared to 85 days a month ago.
Comments (5)
  • funfun
    , contributor
    Comments (2017) | Send Message
    Point of curiosity: Does GM's chronically deceiving Management use Bank of America accounting to come up with their "sales" figures? …funfun..
    3 Jun, 02:29 PM Reply Like
  • cbmetcalfe
    , contributor
    Comments (85) | Send Message
    funfun... give up... you were wrong about GM. It's OK to admit being wrong and take your losses. Go on to trade another day. Most of us use this site as an investment platform to bounce ideas back and forth off each other; not to constantly bash GM and BAC. It's OK.......
    best of luck in future trades!
    4 Jun, 09:27 AM Reply Like
  • funfun
    , contributor
    Comments (2017) | Send Message
    General Motors is only in the third or fourth inning of this waxing scandal, and we will continue to opine and post data. cbmetcafe, who in the world are you to order another commentator where to post and what to say and on what subject corporations, in these Seeking Alpha forums?


    Folks. the very fact that zealous surrogates and supporters of GM Management cannot tolerate differing opinions, and even mild humor, shows you how intractably troubled this long mismanaged car conglomerate really is! What are they continuing to hide and cover up in Detroit? Ongoing investigations by states attorneys general, the Justice Department, SEC, as well as discovery in a flood of litigation, and the probing of business journalists will reveal some major messes and wrong-doing. Stay tuned.


    4 Jun, 09:42 AM Reply Like
  • wiseone123
    , contributor
    Comments (180) | Send Message
    Anyone know GM's incentives by make and model for the month of May? The devil is in the details. Vehicle sales soar when aggressive discounting is evident.
    3 Jun, 02:48 PM Reply Like
  • lemm
    , contributor
    Comments (285) | Send Message
    wiseone123,Poster J38765 on another SA article said transaction prices were up $2700.00 YTD for GM if that helps.
    4 Jun, 05:06 PM Reply Like
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