GM Sales Slide 33.6%

GM Sales Slide 33.6% http://www.thetruthaboutcars.com/gm-sales-sink-33/#more-321748
Retail improvements reflect increasing consumer confidence in GMs
long-term viability: Compared with May, 20 percent jump in cars, 13 percent boost in crossover deliveries. Sure. I believe that. Consumers bought GM products because they thought, yup, New GM is here to stay! You know; when it gets here. Meanwhile, what the hell. Well buy a car from Old GM. Comparing June sales to May sales is, at best, disingenuous. (So much for Fritz Henderson transparency pledge to the Senate.) Last month was crap, this month is crap, but this months retail sales are less crap than last months. Anyway, the bottom line is still the bottom line: GMs sales sunk 33.6 percent in June compared to last June, which, as I pointed out, was a horrible month in an of itself. Make way for the taxpayer-funded spin meisters!
Although GM retail sales were up in June [compared to May], fleet sales of 32,725 vehicles were down 49 percent compared to a year ago, contributing to an overall sales decline of 89,366 vehicles versus June 2008. This drop in fleet sales was a direct result of a strategic decision GM made to schedule down weeks at a number of its plants to tightly control inventories and better enable GM dealers to reduce their stock of vehicles. GM total truck sales in June (including crossovers) of 93,458 were down 40 percent, and car sales of 83,113 were off 24 percent compared with a year ago.
A strategic decision eh? As opposed to the old dart board approach, I imagine. Sorry; I digest. There are a few stats that jump out at me. Sensibly enough, it looks like that consumer confidence in GMs long-term viability doesnt cast a warm glow over the brands its leaving behind. Saturn sales sank 60.2 percent. Saab slinked into the shadows with a 58.4 percent decline. HUMMERs hummed taps whilst absorbing a 48 percent hit.
Surprisingly, Cadillac (down 40.9 percent) and Chevrolet (down 33.3 percent) inspired less of that confidence than the doomed Pontiac brand (down 16.4 percent). In fact, it looks like the Australian-built G8s a hit, with sales up 135.8 percent (3622 vs. 1536 units).
Depending on whether youd like GM to build fuel-efficient vehicles or return taxpayer money, its good news/bad news for the companys former [but maybe still current] cash cow. Sales at GMC dropped 33.7 percent, while Chevys trucks were off last Junes sales pace by 40.9 percent.
You know, as bad as these numbers are, and theyre right there in the mainstream of horrible, does anyone remember when GMs CEO was busy telling Congress that it needed loans because it couldnt possibly go bankrupt because sales would fall off the table? GMs pre-C11 drop: 30 percent. Post: 33.4 percent. If GM had filed in 2003, would they be sucking on the taxpayer teat now?
Never mind. Its all taxpayer money now. Profit and loss are mere abstractions, malleable to political will. How great is that?
--
Civis Romanus Sum

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Yep, Government Motors. They don't even report the cost any more.
Yet talk of raising taxes. The appathy of the public in not stemming all this corruption is about to hit the pay cheques.
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Even when GM is down they still outsell Toyota in the US LOL

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You are wrong again, GM is out selling Toyota in the US and worldwide today.
You are correct that GM IS still loosing money and continue to do so until it comes out of bankruptcy, but so is Toyota and Toyota has ALWAYS been supported by the Japanese government with money supplied by US Buyers and the US taxpayer.

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Wrong again Toyota out sold GM in 2008 by less than 3,000 vehicles worldwide but currently GM is again out selling Toyota worldwide and by big number in the US

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That's correct and so far in 2009 GM is STILL out selling Toyota in the US and is once again is out selling Toyota worldwide, bone head LOL

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Jim Higgins wrote:

Toyota posted a 36.3% drop in sales to 114,780 units from the same time last year, while Lexus reported a drop in sales of 20% from last year, or 16,874.
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Even KIA is outselling Lexus in the US LOL

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Well the news was not all bad for GM. GM sales actaully increased for the fourth straight month (compared to the previous month, not the previous year). So while sales may be down year to year, they are at least heading back up. On the other hand, Toyota sales were down agian this month, despite an advertising blitz of massive proportions.
Ed

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