Broad sales gains across segments for GM


General Motors (GM +0.1%) improved sales across all segments in July and saw its average price per unit improve as the mix shifted slightly toward larger SUVs and crossovers.

Sales by brand: Chevrolet +7.7% to 175,155; GMC +22.2 to 48,081; Buick +7.9% to 17,683; Cadillac -2.6% to 15,241.

GM sold 100,122 crossovers and SUVs in July. Cadillac Escalade sales were up 32%.

Chevrolet Camaro deliveries were up 25%, while the Volt and Malibu also bested expectations.

The automaker ended the month with 75 days supply at 798,532 units, compared to 72 days a month ago.

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Comments (8)
  • Momintn
    , contributor
    Comments (6056) | Send Message
     
    GM and F are going to be selling a lot of cars for back-to-school. This is the best shopping season for consumers either going to look at next year's models coming out now or hoping to get last year's models at a discount.
    1 Aug 2014, 09:49 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4537) | Send Message
     
    Point of curiosity: How many of these buyers are sub-prime, bad credit risks, hustled by dealers and GM Management to take out imprudent loans for very lengthy terms? Repossessions of GM's rather ordinary cars and trucks may be a wave of the future. …funfun..
    1 Aug 2014, 09:59 AM Reply Like
  • lemm
    , contributor
    Comments (1175) | Send Message
     
    We don't know funfun why don't you tell us,with facts please.
    1 Aug 2014, 01:20 PM Reply Like
  • vick4717
    , contributor
    Comments (133) | Send Message
     
    The new GM suvs are a hot item and the growing number of them on the roads are proof of it. They are big profit autos for GM and the future earnings will prove that.
    1 Aug 2014, 10:08 AM Reply Like
  • JDoe20
    , contributor
    Comments (1365) | Send Message
     
    Truck and SUV's - love the 25% gain in GM's very profitable sales! Can you say Kaaaching??
    3 Aug 2014, 02:15 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
     
    Selling a lot of cars for back to school ?

     

    Where do you come up with this ?

     

    If memory serves GM created a specialty finance dept that also needed to get bailed out by the government and as history has a tendency to repeat it would not surprise me if the only thing holding up GM sales are that the very poor credit borrowers are only able to get financed through Generous Motors to only purchase GM vehicles.

     

    Ally financial.

     

    Also didn't GM buy a specialty finance company after bankruptcy to help them finance their sales?
    1 Aug 2014, 10:12 AM Reply Like
  • J38765
    , contributor
    Comments (1472) | Send Message
     
    Ms Barra's pricing discipline is pretty amazing given all the headwinds GM is facing. It has to be mighty tempting to hit the incentive button in the midst of all this. GM's sales results and rising ATPs are a tribute to her discipline and leadership. Pretty impressive!
    1 Aug 2014, 10:16 AM Reply Like
  • J38765
    , contributor
    Comments (1472) | Send Message
     
    You may be right about her, but there is something about her performance that makes me think she may be a special CEO. Time will tell.......

     

    As for your revenue timing issues, I am not sure I can help you there. A basic understanding of the numbers is required.
    1 Aug 2014, 12:00 PM Reply Like
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