General Motors July U.S. sales

General Motors (NYSE:GM) unit sales +9.4% to 256,160 to fall just short of the estimate for a 10.7% gain.

Retail sales increased 9% in July.

Fleet sales were up 21%.

The automaker notes transactions prices were flat compared to last month and up $2K per unit Y/Y. Despite the auto recall news, incentives were only up 20 bps to 11.2% in July - no worse than the industry average.

From other sites
Comments (7)
  • sabresfan21
    , contributor
    Comments (180) | Send Message
    I guess no publicity is bad publicity.
    1 Aug 2014, 09:42 AM Reply Like
  • Momintn
    , contributor
    Comments (6056) | Send Message
    GM, whose sales are greater than Ford, matched the growth of 9.4% in sales which is very good. Both companies are good investments with GM having the larger dividend yield of 3.55%.
    1 Aug 2014, 09:42 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4537) | Send Message
    Hmmmm…We are more than mildly curious:


    How many of those sales were channel stuffing, selling cars to dealers as "loaner cars" at fat discounts for the massive recall programme, and then reporting them as "retail sales" with the implication the cars are going directly to individual women and men buyers?


    GM's dissimulating Management never can play it straight.


    1 Aug 2014, 09:49 AM Reply Like
  • JDoe20
    , contributor
    Comments (1365) | Send Message
    So to clarify . . . . . . you don't know!
    3 Aug 2014, 02:18 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
    If unit sales were so up? then why were profits so low?


    Makes you wonder?


    1 Aug 2014, 10:13 AM Reply Like
  • JDoe20
    , contributor
    Comments (1365) | Send Message
    I wonder why last year's profits weren't higher considering this years sales are way up?
    1 Aug 2014, 11:21 AM Reply Like
  • J38765
    , contributor
    Comments (1472) | Send Message
    Well Capt Jack it might be because these sales were not included in the most recent earnings announcement. Hmmmmmm....
    1 Aug 2014, 10:31 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs