More on General Motors' U.S. sales


General Motors (GM +1.5%) cruised past estimates for June sales despite two fewer selling days during the month and a barrage of negative press tied to the company's broad ignition switch recall.

Sales by brand: Chevrolet -2.5% to 188,567; GMC +10.6% to 43,550; Buick +18.4% to 21,403; Cadillac +0.1% to 13,941.

Sales by model: Cadillac ATS -31.8% to 2,358; Buick Enclave +4.7% to 6,202; Chevrolet Cruze -20.9% to 26,008; Chevrolet Silverado/C/K Pickup +0.6% to 43,519; Chevrolet Equinox -8.0% to 21,748; GMC Sierra -7.0% to 15,406.

The automaker ended the month with 72 days supply at 798,532 units, compared to 77 days a month ago.

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Comments (13)
  • funfundvierzig
    , contributor
    Comments (4904) | Send Message
     
    While these June U. S. sales numbers for GM look relatively healthy given the massive scandal which continues to ensue, has not General Motors lost market share?

     

    Inquiring investor minds want to know.

     

    …funfun..
    1 Jul 2014, 10:22 AM Reply Like
  • Chuck--Z
    , contributor
    Comments (15) | Send Message
     
    Trailing stop in order?
    1 Jul 2014, 10:31 AM Reply Like
  • mikeRetirement
    , contributor
    Comments (1120) | Send Message
     
    Sales way above forecast, New high margin introductions doing well (Tahoe, Yukon, Escalade), getting past recalls.

     

    For you, show some conviction, increase that short position!
    1 Jul 2014, 11:28 AM Reply Like
  • Budavar
    , contributor
    Comments (1412) | Send Message
     
    Two questions arise in my mind.

     

    1. What proportion of sales are due to sub-prime lending by GM?

     

    2. What proportion of GM stock trading these days go into retirement + similar funds which have no business investing in GM stock which currently is a highly speculative investment?

     

    All secrets eventually see the light of day = causing at least on more GM scandal?
    1 Jul 2014, 10:34 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Price = truth.

     

    Stock keeps going higher despite the paid bashers/shortsellers.

     

    Now they are stuck short, after the ability to cover under $32 only weeks ago.

     

    so sadsad for the shorts
    1 Jul 2014, 12:13 PM Reply Like
  • jakedanders
    , contributor
    Comments (12) | Send Message
     
    Do the number of recalls amount to a new approach or change in direction at GM regarding safety and an interest in correcting problems, or is it just a public relations stunt? Or, are the recalls the logical first step and what should come next is a corporate management purging?
    1 Jul 2014, 12:24 PM Reply Like
  • lute76
    , contributor
    Comment (1) | Send Message
     
    Why do people forget that GM is not on the hook for cars and trucks that were sold previous to the 2009 bankrupcy date, and that Mary Barra IS covering those vehicles? If an accountant ( in the Roger Smith mode) were running GM, they would not be covered!!

     

    Mary is the first engineer to have control of the company since the Cole/Murphy run in the 70s. Yeah, there have been a lot of recalls, but the GM decision to through ANY potential vehicles, is Barra's idea of "let's put all of the cards on the table", meaning let's get through all this crap at one time.
    Being a member of a GM family, ( dad worked for 40 as an engineer, sister 30 years at GMAC, and I worked for GMAD for 7 years) I am impressed that Mary has put together a workable plan to include old and new vehicles. May be selling all of those divisions that Roger Smith spun off, Guide, Delco, Inland, Rochester, Hydramatic, SSG, might have done better on quality and engineering. When I work there, ignition switches were manufactured by Briggs and Stratton in MKE. I feel like if you outsource too much you on the chance of problems aren't picked up with 2 sets of eyes, the GM engineer and the sourcing engineers. There are no source engineering because the industry " nickel and dimed them down" and all you got was a source that stamped out a product.
    1 Jul 2014, 01:39 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Bob Stemple was an engineer. He was largely responsible for the development of the catalytic converter.

     

    The great product in place now, is largely due to the influence of Bob Lutz.
    1 Jul 2014, 03:21 PM Reply Like
  • chickenchoker
    , contributor
    Comment (1) | Send Message
     
    Toyota KILLED 89 people. I don't remember any of their executives falling on their swords and car buyers fleeing from their dealerships
    1 Jul 2014, 02:54 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Chicken,

     

    True,

     

    But there's more. Toyota involved current management, with vehicles still on dealer lots at the time.

     

    Even worse, nobody even knew what the problem even was, nor how to remedy it. (we know now perhaps Toyota did)

     

    Stuck gas pedals? Throttle by wire gone wild?
    If one remembers, NASA was even called in for assistance & analysis.

     

    In the case of GM it's quite simple. Change a $40 ignition switch and problem solved. (less than the cost of a new tire)

     

    Not to mention is a bit more scary to be at the helm of a car that accelerates out of control vs a car that might only slow down and lose power.

     

    In that context GM's situation is way less serious.
    1 Jul 2014, 06:14 PM Reply Like
  • vick4717
    , contributor
    Comments (138) | Send Message
     
    GM stock up over 3.5% today! I assume more people then me counting their profits and having double fun doing it!
    1 Jul 2014, 05:59 PM Reply Like
  • greattexas
    , contributor
    Comment (1) | Send Message
     
    My only problem is with 8 million vehicles being recalled when on earth are the 7,000 dealers going to find time to repair them and take care of their regular business. Mr. Goodwrench is going to be busier than a one armed paper hanger. Think about it. Try to make an appt. for service. This would have to affect business.
    2 Jul 2014, 06:44 AM Reply Like
  • capra2d
    , contributor
    Comments (9) | Send Message
     
    Have there been any reliable estimates of how many of those 8M vehicles are gonna show up for a new switch? Yeah, I know--even 1% is 800K.

     

    I expect that while waiting for the install, at least a few owners might stroll into the dealership's showroom or onto the used car lot to kick a few tires.

     

    Go, Mary B; go, GM; go long!
    2 Jul 2014, 05:56 PM Reply Like
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