October GM Sales down 45%...

FenwickHockey65 · 11-03-2008, 02:22 PM

*headdesk* *headdesk* *facepalm* *facepalm*

*sighhh*

http://media.gm.com/servlet/GatewayS...27&docid=50002

Quote:

General Motors dealers in the United States delivered 170,585 vehicles in October, down 45 percent compared with a year ago. GM truck sales of 97,119 were down 51 percent and car sales of 73,466 were off 34 percent. The steep decline in vehicle sales was largely due to a significant drop in the market’s retail demand as uncertainty over the deepening credit crisis impacted consumer confidence.

*Camaro_Corvette* · 11-03-2008, 02:25 PM

Hard times, GM needs to tighten things up...after our camaro arrives.

Maddog78 · 11-03-2008, 02:25 PM

It's ugly out there.

Can they avoid bankruptcy? That is the big question now.

*The_Blur* · 11-03-2008, 02:26 PM

Despite the poor overall sales, take a look at Malibu and hybrid sales. GM is doing a few things right.

*Mr. Wyndham* · 11-03-2008, 02:29 PM

They're not the only ones....

GM sold 169,000 vehicles total...in comparison, they're doing the..."least bad".

Quote:

Ford's U.S. auto sales plummeted 30 percent and Toyota's dropped 23 percent in October as low consumer confidence and tight credit combined to scare customers away from their showrooms.

Both automakers' results, compared with the same month last year, are strong indications that sales for the industry as a whole may perhaps be the worst in 25 years.

Dearborn-based Ford Motor Co., the first automaker to report its monthly sales Monday, said its Ford, Lincoln and Mercury car sales were off 27 percent, while light truck sales for the three brands were down more than 30 percent.

Overall Ford, including its Volvo brand, sold 132,278 light vehicles last month compared with 189,515 in the same month last year.

Meanwhile, Toyota Motor Corp. sold a total of 152,101 vehicles, down from 197,592 in October 2007. The drop included a 34 percent in light truck demand, while car sales fell 15 percent.
http://news.yahoo.com/s/ap/20081103/..._ge/auto_sales

Everybody's getting hit hard, this is insane!!:( Even Toyota with their 0% financing, still posted a terrible drop.

Economics 101: apply the above situation to the rest of the country (all sectors, industries, etc). When people don't buy stuff, bad things happen.

FenwickHockey65 · 11-03-2008, 02:36 PM

Okay...tundra sales being down 65% make me feel a little better...

*DGthe3* · 11-04-2008, 12:21 PM

GM droped 15% in september, 45% in october, so ~30% average over the two months. That is about the same as the industry average.

*GTAHVIT* · 11-04-2008, 12:53 PM

brutal... I was at a dealership yesterday.... and will be again today.... Saving that story for later.

I went into the showroom, and they had 6 vettes in and around the showroom. The front lot had all traverses facing the street and only 2 or 3 Malibus. Tahoes and trucks were stuffed in the back.....

I walked around for about 30 mins waiting for my ride and the sales men never even came up to me. I didn't even wast time asking them about the camaro.

MCPOAJ · 11-04-2008, 01:04 PM

BWHAHAHAHA i'm gonna be apart of their sales in september BWAHAHAHA

i'm getting ready to welcome a loaded Silver SS/TC

11-03-2008, 02:25 PM	#2
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,710 View My Garage	Hard times, GM needs to tighten things up...after our camaro arrives. __________________ I am seriously never serious vv V vv Next order of business

11-03-2008, 02:26 PM	#4
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	Despite the poor overall sales, take a look at Malibu and hybrid sales. GM is doing a few things right. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

11-03-2008, 02:36 PM	#6
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008 Location: Florida Posts: 37,375 View My Garage	Okay...tundra sales being down 65% make me feel a little better... __________________ 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued)

11-04-2008, 12:21 PM	#7
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	GM droped 15% in september, 45% in october, so ~30% average over the two months. That is about the same as the industry average. __________________ 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

11-04-2008, 12:53 PM	#8
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,441 View My Garage	brutal... I was at a dealership yesterday.... and will be again today.... Saving that story for later. I went into the showroom, and they had 6 vettes in and around the showroom. The front lot had all traverses facing the street and only 2 or 3 Malibus. Tahoes and trucks were stuffed in the back..... I walked around for about 30 mins waiting for my ride and the sales men never even came up to me. I didn't even wast time asking them about the camaro. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

11-03-2008, 02:25 PM	#3
Maddog78 Drives: 1969 Z28 Join Date: Mar 2008 Location: BC Posts: 378	It's ugly out there. Can they avoid bankruptcy? That is the big question now.

11-04-2008, 01:04 PM	#9
MCPOAJ Drives: LS2 FD RX7 Join Date: Feb 2008 Location: NE. Posts: 664	BWHAHAHAHA i'm gonna be apart of their sales in september BWAHAHAHA i'm getting ready to welcome a loaded Silver SS/TC

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