GM June 2012 Sales Up 16%, 248,750 Units Sold

FenwickHockey65 · 07-03-2012, 09:21 AM

GM Reports June U.S. Sales up 16 percent
General Motors

July 3, 2012

DETROIT – General Motors Co. (NYSE: GM) today reported June sales of 248,750 vehicles in the United States, up 16 percent year over year and the company’s highest sales since September 2008. Chevrolet, Buick, GMC and Cadillac all reported double-digit increases.

“Across the board, June was a strong month for GM,” said Kurt McNeil, vice president, U.S. Sales Operations. “The combination of new products, available credit, lower fuel prices and modest economic growth was a stronger influence on consumer behavior than economic and political uncertainty."

For the month, GM passenger car sales were up 12 percent year over year, thanks to a 32 percent increase in Chevrolet Malibu sales and a 21 percent increase in Buick LaCrosse sales.

Combined sales of all seven Chevrolet, Buick, GMC and Cadillac crossovers were up 30 percent versus a year ago.

Truck sales were up 11 percent, with all pickup, van and SUV segments up year over year.

Retail deliveries were up 8 percent year over year. Fleet deliveries were up 36 percent versus a year ago due in part to the timing of customer deliveries. In July, fleet volumes and mix are expected be down month over month and year over year.

GM’s newest vehicles continue to perform well. Sales of the Buick Verano were 4,091 in June, and have increased each month since the car launched in December 2011. Chevrolet Sonic sales were 6,785 units and it is the retail sales leader in its segment. The new Cadillac XTS began arriving in showrooms in June, and dealers delivered more than 750 vehicles. Over the course of 2012 and 2013, 70 percent of GM’s nameplates will be all-new or redesigned.

Kiss My SS · 07-03-2012, 11:32 AM

Good News for GM!........Im proud for them, finally making a comeback to where they belong!

http://news.yahoo.com/general-motors...--finance.html

v6sonoma · 07-03-2012, 12:55 PM

Nice! More $$$ for development =

6th gen Camaro! lol

FenwickHockey65 · 07-03-2012, 12:57 PM

http://www.camaro5.com/forums/showthread.php?t=234891

JoeP@TeamBeckyD · 07-03-2012, 01:00 PM

...now.. on to July!!

Kiss My SS · 07-03-2012, 01:01 PM

Quote:

Originally Posted by FenwickHockey65

http://www.camaro5.com/forums/showthread.php?t=234891

Whoops!

*DGthe3* · 07-06-2012, 03:38 PM

merged

TOBY J · 07-07-2012, 07:53 PM

Too bad GM stock continues to drop. Thought I bought it right 6 months ago at $24

TOBY J · 07-25-2012, 02:04 PM

GM STOCK........... still dropping like a rock

52 week low $18.72 now

Captain Awesome · 07-25-2012, 08:26 PM

Quote:

Originally Posted by Kiss My SS

Good News for GM!........Im proud for them, finally making a comeback to where they belong!

http://news.yahoo.com/general-motors...--finance.html

They are packing the lots due to the prolonged shutdowns they will encounter when switching over to newer models, so these numbers may not reflect true sales to actual end customers.

On top of that, Toyotie seems to have taken over the top spot, contrary to what some famous people are saying.

BaylorCamaro · 07-27-2012, 11:03 AM

Quote:

Originally Posted by TOBY J

Too bad GM stock continues to drop. Thought I bought it right 6 months ago at $24

Yup me too

Captain Awesome · 07-29-2012, 10:27 PM

They have a new loan strategy that helps them get cars sold to more people which is credited for the most increase in sales. Well, it's actually not new, but hasn't been used recently.

2010-1SS-IBM · 07-30-2012, 12:30 PM

A lot of stock price is based on market sentiment towards the company, and often doesn't reflect actual financial performance.

I think Warren Buffett even said something to the effect of "If the market was always right (about the price of a stock), I'd never make money".

I havne't paid attention to GM's financial performance though, so I don't know if their getting better or not.

07-03-2012, 09:21 AM	#1
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008 Location: Florida Posts: 37,375 View My Garage	GM June 2012 Sales Up 16%, 248,750 Units Sold GM Reports June U.S. Sales up 16 percent General Motors July 3, 2012 DETROIT – General Motors Co. (NYSE: GM) today reported June sales of 248,750 vehicles in the United States, up 16 percent year over year and the company’s highest sales since September 2008. Chevrolet, Buick, GMC and Cadillac all reported double-digit increases. “Across the board, June was a strong month for GM,” said Kurt McNeil, vice president, U.S. Sales Operations. “The combination of new products, available credit, lower fuel prices and modest economic growth was a stronger influence on consumer behavior than economic and political uncertainty." For the month, GM passenger car sales were up 12 percent year over year, thanks to a 32 percent increase in Chevrolet Malibu sales and a 21 percent increase in Buick LaCrosse sales. Combined sales of all seven Chevrolet, Buick, GMC and Cadillac crossovers were up 30 percent versus a year ago. Truck sales were up 11 percent, with all pickup, van and SUV segments up year over year. Retail deliveries were up 8 percent year over year. Fleet deliveries were up 36 percent versus a year ago due in part to the timing of customer deliveries. In July, fleet volumes and mix are expected be down month over month and year over year. GM’s newest vehicles continue to perform well. Sales of the Buick Verano were 4,091 in June, and have increased each month since the car launched in December 2011. Chevrolet Sonic sales were 6,785 units and it is the retail sales leader in its segment. The new Cadillac XTS began arriving in showrooms in June, and dealers delivered more than 750 vehicles. Over the course of 2012 and 2013, 70 percent of GM’s nameplates will be all-new or redesigned. __________________ 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued)

07-03-2012, 11:32 AM	#2
Kiss My SS Account Suspended Drives: 2012 Camaro 1SS/RS Join Date: Jun 2012 Location: Naples, Florida Posts: 481	General Motors' US sales up 16 pct in June! Good News for GM!........Im proud for them, finally making a comeback to where they belong! http://news.yahoo.com/general-motors...--finance.html Last edited by Kiss My SS; 07-03-2012 at 11:32 AM. Reason: forgot link

07-03-2012, 12:55 PM	#3
v6sonoma Drives: 2010 SS RS Join Date: Jun 2009 Location: Providence, RI Posts: 8,108 View My Garage	Nice! More $$$ for development = 6th gen Camaro! lol __________________ Mods: BBK Intake, BBK LT's and High Flow Cats, Corsa Cat-back exhaust, Hurst short throw shifter, SLP skip-shift eliminator. 7/1/09 Placed order for IOM/IO int/ SS/RS 6M 9/26/09 Took delivery!

07-03-2012, 12:57 PM	#4
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008 Location: Florida Posts: 37,375 View My Garage	http://www.camaro5.com/forums/showthread.php?t=234891 __________________ 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued)

07-06-2012, 03:38 PM	#7
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	merged __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

07-03-2012, 01:00 PM	#5
JoeP@TeamBeckyD 1 Drives: SS,PaceCar,ZL1,1LE,C7Z51,Z06,17-ZL1 Join Date: Jun 2009 Location: Detroit, Mich Posts: 68,623	...now.. on to July!!

07-07-2012, 07:53 PM	#8
TOBY J Drives: BLOWN CAMARO SS PORSCHE PANNY TURBO Join Date: Jan 2010 Location: USA Posts: 262	Too bad GM stock continues to drop. Thought I bought it right 6 months ago at $24

07-25-2012, 02:04 PM	#9
TOBY J Drives: BLOWN CAMARO SS PORSCHE PANNY TURBO Join Date: Jan 2010 Location: USA Posts: 262	GM STOCK........... still dropping like a rock 52 week low $18.72 now

07-29-2012, 10:27 PM	#12
Captain Awesome Account Suspended Drives: 2010 Camaro 2SS/RS Join Date: Apr 2008 Location: New York Posts: 3,746	They have a new loan strategy that helps them get cars sold to more people which is credited for the most increase in sales. Well, it's actually not new, but hasn't been used recently.

07-30-2012, 12:30 PM	#13
2010-1SS-IBM Drives: 1998 Nissan, 2010 Camaro Join Date: Jul 2009 Location: Dallas, Tx Posts: 827	A lot of stock price is based on market sentiment towards the company, and often doesn't reflect actual financial performance. I think Warren Buffett even said something to the effect of "If the market was always right (about the price of a stock), I'd never make money". I havne't paid attention to GM's financial performance though, so I don't know if their getting better or not.