GM April 2012 Sales Down 8%, 213,387 Units Sold

FenwickHockey65 · 05-01-2012, 10:03 AM

GM Reports April Sales of 213,387 Vehicles, Increases 2012 Sales Outlook
General Motors

May 1, 2012

DETROIT – General Motors Co. (NYSE: GM) today reported April sales of 213,387 vehicles in the United States. Retail sales were essentially equal to April 2011. GM’s fleet sales declined 25 percent due to the timing of rental customer deliveries, as previously indicated. As a result, total sales were down 8 percent.

Based on higher than expected first quarter industry sales and expectations that the U.S. economy will continue to grow, GM is increasing its full-year light vehicle sales forecast to 14.0 million – 14.5 million units from 13.5 million – 14.0 million units.

“We expect gradual improvement in the economy going forward,” said Don Johnson, vice president, U.S. Sales Operations. “Over time, strength in the manufacturing sector and strong retail sales will lead to more job creation. That will help more consumers put the recession behind them, gain even more confidence and drive vehicle sales higher for both the industry and GM.”

GM’s two newest vehicles, the Chevrolet Sonic and the Buick Verano, continue to perform well. Chevrolet Sonic sales were 38 percent higher than the vehicle it replaced. Buick Verano sales reached 2,989 units and have increased each month since it went on sale in late November 2011. In addition, Chevrolet Volt sales of 1,462 units were strong nationally but limited by availability of vehicles in California, where GM is launching a model that qualifies for high-occupancy vehicle lane access.

Other highlights include a 7 percent year-over-year increase for the Cadillac CTS sedan, a 20 percent increase for the GMC Sierra, a 9 percent increase for the GMC Terrain, a 5 percent sales increase for the Chevrolet Silverado and a 7 percent increase for the Chevrolet Equinox.

On a selling-day adjusted basis, GM total sales were up 3 percent and retail sales were up 12 percent. On the same basis, Chevrolet retail sales were up 13 percent, Buick retail sales were up 8 percent, GMC retail sales were up 17 percent and Cadillac retail sales were essentially equal to a year ago. There were three fewer selling days in April 2012 than a year ago.

Apex Motorsports · 05-01-2012, 11:08 AM

Build a bad ass Commodore based sedan in the $35-40k range and I'll contribute to pulling those numbers up.

FenwickHockey65 · 05-01-2012, 11:16 AM

Competition...

Ford Motor Company: 180,350 Units Sold, Down 5%
Toyota: 178,044 Units Sold, Up 11.6%
Chrysler Group LLC: 141,165 Units Sold, Up 20%

90503 · 05-01-2012, 12:02 PM

Quote:

Originally Posted by FenwickHockey65

Competition...

Ford Motor Company: 180,350 Units Sold, Down 5%
Chrysler Group LLC: 141,165 Units Sold, Up 20%

My kid wants a Sonic so bad!!...He likes the turbo thing...just heard turbos "don't last"??...dunno...holding off on pulling the trigger...dunno...

Cypress · 05-02-2012, 12:03 AM

bummer lol

*DGthe3* · 05-02-2012, 01:15 AM

Hey Fen, any theories as to why they've been underperforming for the last few months?

FenwickHockey65 · 05-02-2012, 10:14 AM

Quote:

Originally Posted by DGthe3

Hey Fen, any theories as to why they've been underperforming for the last few months?

We're in a bit of a product lull...sales should pick up dramatically towards the end of this year and through next year.

Apex Motorsports · 05-02-2012, 08:01 PM

Quote:

Originally Posted by FenwickHockey65

We're in a bit of a product lull...sales should pick up dramatically towards the end of this year and through next year.

Lots of new models are getting ready to come on line in the next 12-18 months.

05-01-2012, 10:03 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 April 2012 Sales Down 8%, 213,387 Units Sold GM Reports April Sales of 213,387 Vehicles, Increases 2012 Sales Outlook General Motors May 1, 2012 DETROIT – General Motors Co. (NYSE: GM) today reported April sales of 213,387 vehicles in the United States. Retail sales were essentially equal to April 2011. GM’s fleet sales declined 25 percent due to the timing of rental customer deliveries, as previously indicated. As a result, total sales were down 8 percent. Based on higher than expected first quarter industry sales and expectations that the U.S. economy will continue to grow, GM is increasing its full-year light vehicle sales forecast to 14.0 million – 14.5 million units from 13.5 million – 14.0 million units. “We expect gradual improvement in the economy going forward,” said Don Johnson, vice president, U.S. Sales Operations. “Over time, strength in the manufacturing sector and strong retail sales will lead to more job creation. That will help more consumers put the recession behind them, gain even more confidence and drive vehicle sales higher for both the industry and GM.” GM’s two newest vehicles, the Chevrolet Sonic and the Buick Verano, continue to perform well. Chevrolet Sonic sales were 38 percent higher than the vehicle it replaced. Buick Verano sales reached 2,989 units and have increased each month since it went on sale in late November 2011. In addition, Chevrolet Volt sales of 1,462 units were strong nationally but limited by availability of vehicles in California, where GM is launching a model that qualifies for high-occupancy vehicle lane access. Other highlights include a 7 percent year-over-year increase for the Cadillac CTS sedan, a 20 percent increase for the GMC Sierra, a 9 percent increase for the GMC Terrain, a 5 percent sales increase for the Chevrolet Silverado and a 7 percent increase for the Chevrolet Equinox. On a selling-day adjusted basis, GM total sales were up 3 percent and retail sales were up 12 percent. On the same basis, Chevrolet retail sales were up 13 percent, Buick retail sales were up 8 percent, GMC retail sales were up 17 percent and Cadillac retail sales were essentially equal to a year ago. There were three fewer selling days in April 2012 than a year ago. __________________ 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued)

05-01-2012, 11:16 AM	#3
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008 Location: Florida Posts: 37,375 View My Garage	Competition... Ford Motor Company: 180,350 Units Sold, Down 5% Toyota: 178,044 Units Sold, Up 11.6% Chrysler Group LLC: 141,165 Units Sold, Up 20% __________________ 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued) Last edited by FenwickHockey65; 05-01-2012 at 12:28 PM.

05-02-2012, 01:15 AM	#6
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	Hey Fen, any theories as to why they've been underperforming for the last few months? __________________ 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

05-01-2012, 11:08 AM	#2
Apex Motorsports Drives: 2000 Camaro SS Join Date: Feb 2010 Location: Louisville, Ky. Posts: 25,165	Build a bad ass Commodore based sedan in the $35-40k range and I'll contribute to pulling those numbers up.

05-02-2012, 12:03 AM	#5
Cypress Drives: 2010 SS Join Date: Apr 2012 Location: SoCal Posts: 1	bummer lol