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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.
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Comments (7)
  • sabresfan21
    , contributor
    Comments (177) | Send Message
     
    I guess no publicity is bad publicity.
    1 Aug, 09:42 AM Reply Like
  • Momintn
    , contributor
    Comments (4283) | 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, 09:42 AM Reply Like
  • funfun
    , contributor
    Comments (2670) | 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.

     

    …funfun..
    1 Aug, 09:49 AM Reply Like
  • JDoe20
    , contributor
    Comments (454) | Send Message
     
    So to clarify . . . . . . you don't know!
    3 Aug, 02:18 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1420) | Send Message
     
    If unit sales were so up? then why were profits so low?

     

    Makes you wonder?

     

    Hmmmm.
    1 Aug, 10:13 AM Reply Like
  • JDoe20
    , contributor
    Comments (454) | Send Message
     
    I wonder why last year's profits weren't higher considering this years sales are way up?
    1 Aug, 11:21 AM Reply Like
  • J38765
    , contributor
    Comments (235) | Send Message
     
    Well Capt Jack it might be because these sales were not included in the most recent earnings announcement. Hmmmmmm....
    1 Aug, 10:31 AM Reply Like
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