GM August 2011 Sales Up 18%, 218,479 Units Sold

[FenwickHockey65]

GM’s U.S. Sales Up 18 Percent in August
Double-digit retail sales increases for all four GM Brands
Link to Press Release

September 1, 2011

DETROIT – General Motors Co. (NYSE: GM) today reported total sales of 218,479 vehicles in August, an 18-percent increase compared with August 2010.

Retail deliveries were up 22 percent compared with the same month a year ago and accounted for 74 percent of GM sales. Deliveries to fleet customers increased 8 percent.

“Our balanced portfolio of trucks and fuel-efficient vehicles like the Chevrolet Cruze, Chevrolet Equinox and GMC Terrain are helping GM continue to gain market share, which has now increased in seven of the past eight months,” said Don Johnson, vice president, U.S. Sales Operations. “We’re carrying good momentum and we’re cautiously optimistic that we’ll see U.S. economic growth improve in the months ahead.”

In August, year-over-year passenger car sales increased 18 percent, crossover sales increased 17 percent and truck sales increased 18 percent.

• · Chevrolet: Cruze sales surpassed 20,000 for the fifth month in a row; Equinox sales rose 58 percent compared with August 2010.
  
• · GMC: Terrain sales were up 88 percent; Acadia was up 54 percent compared with August 2010.
  
• · Cadillac: Combined sales of the Cadillac CTS sedan, coupe and wagon increased 39 percent compared with August 2010. Cadillac reduced its fleet sales by 51 percent.
  
• · Buick: August was the brand’s 23rd consecutive month of year-over-year sales gains, and the Regal had its best month since launch, more than doubling sales.

Month-end dealer inventory in the United States was 556,884 units, including 212,520 full-size pickup trucks. GM is on track to meet its target of ending 2011 with a full-size pickup inventory of about 200,000 units, thanks to improved sales, which were up 10 percent compared with July, and production adjustments.

GM is closely monitoring consumer sentiment and other economic indicators but the company continues to expect that the full-year seasonally adjusted annual rate (SAAR) for U.S. vehicle sales will be in the low end of a 13.0 million – 13.5 million unit range.

[Mr. Wyndham]

Great!

And good to hear about US sales...It'll probably be while before we ever hit that mythical 17 million number again...but it's rising...

[derklug]

40% GMC rise....I thought that nobody bought trucks and SUV's anymore, the public only wants little cars. NPR said it, it must be true.

[FenwickHockey65]

The competition...

Ford Motor Company: 175,220 units sold, Up 11%
Chrysler Group LLC: 130,119 units sold, Up 31%
Toyota: 129,483 units sold, Down 14%
Nissan: 91,541 units sold, Up 19%
Honda: 82,321 units sold, Down 24%
Hyundai: 58,505 units sold, Up 9%
Kia: 41,188 units sold, Up 27%
Volkswagen: 25,232 units sold, Up 10%

[Stew]

Originally Posted by FenwickHockey65

The competition...

Ford Motor Company: 175,220 units sold, Up 11%
Toyota: 129,483 units sold, Down 14%
Chrysler Group LLC: 99,611 units sold, Up 31%
Nissan: 91,541 units sold, Up 19%
Honda: 82,321 units sold, Down 24%
Hyundai: 58,505 units sold, Up 9%
Kia: 41,188 units sold, Up 27%
Volkswagen: 25,232 units sold, Up 10%

Hey, the Chrysler sales were actually 130,119, 99,611 was the august 2010 figure.

[FenwickHockey65]

Ah, you're right, thanks.

[Stew]

Originally Posted by FenwickHockey65

Ah, you're right, thanks.

I am just so glad to see the big 3 ahead of Toyota and honda for one month anyways.

[FenwickHockey65]

Originally Posted by Stew

I am just so glad to see the big 3 ahead of Toyota and honda for one month anyways.

It actually happened a few months ago too.

Toyota said they'll be back to full production this month...should be interesting to see if the supply excuse holds up.

[Stew]

Originally Posted by FenwickHockey65

It actually happened a few months ago too.

Toyota said they'll be back to full production this month...should be interesting to see if the supply excuse holds up.

I am wondering about that too, It hasn't seemed like the local Toyota and Honda dealers here have really been low on stock, just not much of it selling lol

[DGthe3]

Originally Posted by Stew

I am wondering about that too, It hasn't seemed like the local Toyota and Honda dealers here have really been low on stock, just not much of it selling lol

That, and Nissan isn't having the same supply issues that Toyota & Honda claim. I mean if some disaster were to hit Michigan, there is no way it would handicap GM and Chrysler while leaving Ford unscathed.