04-03-2018, 09:01 AM | #1 |
General Motors Aficionado
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GM March 2018 Sales Up 15.7%; 296,341 Units Sold
Chevrolet, Buick, GMC and Cadillac March Sales Surge 16 percent, Retail Share Climbs to 17.7 percent
General Motors April 3, 2018
DETROIT — General Motors (NYSE: GM) today reported 296,341 car, crossover and truck deliveries in the United States in March. Sales were up 16 percent year over year, driven by Buick’s best March since 2004, Chevrolet’s best March since 2007 and Cadillac’s best March since 2014. It was GMC’s best March in the brand’s history. GM’s retail sales in March were up 14 percent year over year, and the company’s estimated retail market share was 17.7 percent – the highest since 2009 – driven by a 0.7 percentage point gain by Chevrolet. Chevrolet was the industry’s fastest-growing full-line brand. In the first quarter, GM sales were up 4 percent, ahead of an estimated industry increase of about 2 percent. Retail deliveries for GM and the industry were up about 1 percent versus a year ago. “March was an exceptional month for us. A growing economy and strong new products helped us execute a very successful plan to conquest customers from other brands,” said Kurt McNeil, U.S. vice president, Sales Operations. “Once customers purchase a GM product, they tend to stay in the family as we deliver an award-winning ownership experience that is hard to beat.”
March and First Quarter Sales Highlights (vs. 2017) Crossovers, pickups, SUVs, and six different car lines drove GM’s growth:
“Consumers are keeping the U.S. economy growing and auto sales very healthy,” said Mustafa Mohatarem, GM’s chief economist. “The job market is strong, consumer confidence is at decade-high levels and we see clear evidence that business owners are taking advantage of tax reform to upgrade their fleets.” GM’s Commercial deliveries rose 19 percent year over year in March and they were up 27 percent in the first quarter driven by higher pickup, crossover and Malibu sales. Rental deliveries were 11 percent of total sales for the month and the quarter, among the lowest levels in the industry. Other GM Highlights (vs. 2017)
Transition to Quarterly Sales Reporting GM announced today it will begin reporting its U.S. vehicle sales on a quarterly basis, effective immediately. For 2018, second quarter sales will be released on July 3, third quarter sales on October 2 and fourth quarter sales on January 3, 2019. “Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market,” said Kurt McNeil, U.S. vice president, Sales Operations. “Reporting sales quarterly better aligns with our business, and the quality of information will make it easier to see how the business is performing.” In the auto industry, monthly sales are subject to many issues that make them more volatile than quarterly sales, including product launch activity, weather, other seasonal factors, the number of selling days and incentive activity. GM’s high level of transparency on total, brand and nameplate sales, fleet mix and inventory will not change. The company will also continue sharing J.D. Power PIN estimates for incentive spending and average transaction prices.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
04-03-2018, 09:20 AM | #2 |
General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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Ford Motor Company: Up 3.4%; 244,306 Units Sold
Toyota: Up 3.5%; 222,783 Units Sold FCA: Up 14%; 216,063 Units Sold Nissan: Down 3.7%; 162,535 units sold Honda: Up 3.8%; 142,392 units sold
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) Last edited by FenwickHockey65; 04-03-2018 at 01:16 PM. |
04-03-2018, 09:30 AM | #3 |
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Can we take credit for the move to quarterly sales report move due to everyone's doom and gloom over the Camaro every month?
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04-03-2018, 09:32 AM | #4 |
General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
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Between here and GMI, I think so.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
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