10-03-2022, 10:14 AM | #1 |
General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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GM Q3 2022 Sales Up 24.3%; 555,580 Units Sold
GM Earns a Sales Trifecta in Q3: No. 1 in Full-Size SUVs, Full-Size Pickups and Large Luxury SUVs
General Motors October 3, 2022
DETROIT – General Motors Co. (NYSE: GM) sold 555,580 vehicles in the United States in the third quarter, up 24% year over year, based on strong customer demand and improved availability. Three of GM’s vehicle brands posted double-digit total sales gains, with Chevrolet up 30%, GMC up 24% and Cadillac up 50%. GM and its dealers were able to translate improved semiconductor supplies, stable production and improvements in dealer inventory into a nearly 3-point improvement in retail market share year over year (J.D. Power PIN), as well as significant sales gains in the commercial fleet market. “The design, technology and manufacturing investments we have made are helping us meet strong customer demand for our products, and they’ve translated into sales leadership in some of the industry’s most important segments,” said Steve Carlisle, GM executive vice president and president, GM North America. “We are being very intentional in the way we are executing our EV strategy to position the company for the same kind of success that we’ve earned with today’s pickups and SUVs, and with supercars like the Chevrolet Corvette.” Third-quarter highlights include:
Modestly Improving Inventory GM ended the third quarter with 359,292 vehicles in dealer inventory, including units in-transit, an increase of 111,453 units from the previous quarter and nearly three times the inventory available at the end of the third quarter of 2021, when COVID-related supply chain issues impacted production. Inventory turn rates remain quick, bolstered by GM software that helps dealers identify and order the most in-demand vehicle configurations, as well as new tools to track the status of in-bound orders. Chevrolet Bolt EV and Bolt EUV Selling at a Record Pace Demand for the Chevrolet Bolt EV and Bolt EUV have outpaced supply, especially since a new pricing strategy was announced this summer that makes them among the most affordable EVs on the road. The base MSRP for the 2023 Chevrolet Bolt EV now begins at $25,6001 while the Bolt EUV begins at $27,2001. Also supporting demand is a unique customer-focused program introduced by Chevrolet for qualified customers who purchase or lease a new Bolt EV or Bolt EUV that covers standard installation of a home charger through Qmerit, or public charging credits through EVGo. Most EV drivers do at least 80% of their charging at home, and nearly two-thirds of Bolt EV and Bolt EUV retail customers are choosing Chevrolet’s home charging option. How GM Regained Truck Leadership GM’s recent dominance of the full-size pickup market began with the launch of all-new versions of the Chevrolet Silverado and GMC Sierra for the 2019 model year, which dramatically expanded choice for customers at all price points and introduced new off-road ready models like the Trail Boss for Chevrolet and the AT4 for GMC. GM also significantly increased capacity for heavy-duty models by about 90,000 units, which includes the expansion of production capacity at Flint Assembly in Michigan in 2021 and the reopening of Oshawa Assembly in Ontario, Canada in 2022. This flexibility to meet customer demand has helped GM grow its retail share of the heavy-duty market from 29% in 2019 to 52% through Sept. 25 (J.D. Power PIN), with large increases in total share as well. GM’s manufacturing teams in Fort Wayne, Indiana, Wentzville, Missouri and Arlington, Texas have also found creative ways to increase capacity for full-size light-duty pickups, mid-size pickups and full-size SUVs. To fortify its leadership, Chevrolet and GMC have continued to enhance the Silverado and Sierra, with 1500 models receiving significant interior and technology upgrades for the 2022 model year. On Sept. 26, Chevrolet unveiled the 2024 Silverado HD (available first half of 2023), with more diesel horsepower and torque, a standard Allison 10-speed automatic transmission for both the 6.6L gas and 6.6L Duramax turbo-diesel engines, redesigned interiors for most models, including an available 13.4-inch-diagonal infotainment screen and 12.3-inch-diagonal configurable driver information center, enhanced trailering technology and two new models, the ZR2 and the High Country Midnight Edition (available starting fall 2023). The 2024 GMC Sierra HD will be unveiled on Oct. 6. Building the Foundation for EV Scale Since unveiling the Ultium Platform in March 2020, GM and the company’s suppliers and joint venture partners have been executing a tightly coordinated strategy to scale EV capacity in North America to more than 1 million units annually by 2025.
To respond to growing demand, GM is pulling ahead body shop upgrades at Factory ZERO for the Silverado EV and taking other steps to prepare to scale EV production in 2023. While the work is underway, GM will pause production of the GMC HUMMER EV Pickup for several weeks starting in late November. Chevrolet currently has 170,000 reservations and growing for the Silverado EV, including retail customers and intent from nearly 400 fleet operators. GMC has 90,000 reservations for the HUMMER EV Pickup and SUV. Cadillac LYRIQ production will increase in the fourth quarter compared to the third quarter. Additional production shifts for GMC HUMMER EV are planned for 2023. All of GM’s 2023 EV launches, including the Chevrolet Silverado EV, Chevrolet Blazer EV (summer) and Chevrolet Equinox EV (fall), are on schedule.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
10-04-2022, 03:34 PM | #2 |
Drives: BVM 1SS Join Date: Oct 2016
Location: Columbia-Sumter- Florence, SC
Posts: 462
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Every Sunday i tour the dealerships to avoid the salesmen.
The two Chevy ones near me are close to full now I would say. Both got a recent in flux of Malibus, HD Trucks, and 1500s. Still pretty light on the big girls (Tahoe Suburban, Yukon). Both GMC dealers are full too with a wide selection of 1500 trims. Things have improved greatly in the last month vs the start of the year ( in my area) inventory wise. Camaro had an outstanding quarter relative to where its been since 2019. |
10-04-2022, 04:37 PM | #3 |
Drives: 2011 2SS/RS LS3 Join Date: Nov 2011
Location: Torrance
Posts: 14,432
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Another quarter of no actual numbers for each model. Again, no PDF file to look at for comparison. Another quarter of Camaro not even worth their time to mention...lol
Oh, well. If they don't care, I guess I don't either. |
10-04-2022, 05:04 PM | #4 |
Drives: 2013 ZL1 Convertible A6 BRM Join Date: Feb 2015
Location: Dayton Ohio Area
Posts: 499
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Mechanics around the World will be rejoicing, as we all know: It's always a payday with Chevrolet!
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2013 ZL1 CONVERTIBLE BRM A6
OHIO |
10-04-2022, 06:38 PM | #5 |
Drives: BVM 1SS Join Date: Oct 2016
Location: Columbia-Sumter- Florence, SC
Posts: 462
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Here's the article with the numbers.
https://gmauthority-com.cdn.ampproje...tes-q3-2022%2F Camaro is up 27% this year. There's 4 new ones at the dealer closest to me. Buick did poorly as a whole but it may be due to a chip inventory issue in SK. |
10-04-2022, 09:04 PM | #6 |
General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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It's literally on the linked page.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
10-04-2022, 10:15 PM | #7 |
Drives: 2011 2SS/RS LS3 Join Date: Nov 2011
Location: Torrance
Posts: 14,432
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