More good financial news for GM as well as Ford & Chrysler

*DGthe3* · 07-13-2010, 11:48 AM

In addition to being the sales leader, GM is also posting the highest average transaction price for their vehicles. (www.autoblog.com). Ford and Chrysler follow up in 2nd and 3rd place respectively. Even more important, all 3 of them posted gains that beat the industry average. I can't think of a better path to profitability than that.

ViperTomcat · 07-13-2010, 12:04 PM

Good news for all involved!

ghazzi1397 · 07-13-2010, 12:08 PM

Nice...I love GM

Brokinarrow · 07-13-2010, 03:54 PM

Good for the company, but a higher 'average transaction price' sounds not so appealing to me as a consumer... But maybe that's just due to people throwing on more options to their vehicles?

*DGthe3* · 07-13-2010, 03:57 PM

Quote:

Originally Posted by Brokinarrow

Good for the company, but a higher 'average transaction price' sounds not so appealing to me as a consumer... But maybe that's just due to people throwing on more options to their vehicles?

I attribute it to the vehicle mix more than anything. The best selling vehicle GM offers is the Silverado. The best selling from Toyota is the Camry. Pickup trucks are more expensive than midsize cars. Plus, GM's premium/luxury divisions outsell Lexus.

2010 SSRS · 07-13-2010, 04:05 PM

GM is King

Sax1031 · 07-13-2010, 05:09 PM

Great news

*DGthe3* · 07-13-2010, 08:07 PM

Quote:

Originally Posted by Libertyforall1776

GM has a LONG way to go before it is out of the woods...

Yeah but, what more can you hope for? From a revenue perspective, this is the best case scenario for them.

buzzy56 · 07-13-2010, 08:34 PM

Quote:

Originally Posted by Libertyforall1776

GM has a LONG way to go before it is out of the woods...

So does the rest of the country.Any good news is great to hear now days!

td2222 · 07-13-2010, 08:35 PM

Go American made,Go

2010SLVRBULIT · 07-13-2010, 08:36 PM

*Mr. Wyndham* · 07-13-2010, 09:41 PM

Quote:

Originally Posted by Brokinarrow

Good for the company, but a higher 'average transaction price' sounds not so appealing to me as a consumer... But maybe that's just due to people throwing on more options to their vehicles?

DG hit the nail on the head in one aspect -- look at the product portfolio. (For example, if Ferrari were thrown into the mix, it'd be outrageous...)

But Transaction price increases without a dramatic portfolio change (which there hasn't been)...indicates a perceived value increase in the market. THAT is fantastic news.

What's even better is that they're making money, no longer losing. That means less "cost-cutting", and more "reinvestment" into better cars and trucks.

GrinderSS · 07-13-2010, 11:05 PM

Quote:

Originally Posted by td2222

Go American made,Go

American made? LOL! The Camaro is assembled in Canada and it has most of it's parts made in China and Australia.

*Mr. Wyndham* · 07-13-2010, 11:52 PM

Quote:

Originally Posted by GrinderSS

American made? LOL! The Camaro is assembled in Canada and it has most of it's parts made in China and Australia.

Quantify that. Not that it matters. GM = Domestic, and that's what many people mean by "American made".

(To my knowledge, very little, if anything is actually made in Australia...the Camaro team did Co-Opt Engineering work down under with Holden, but that's it.)

07-13-2010, 11:48 AM	#1
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	More good financial news for GM as well as Ford & Chrysler In addition to being the sales leader, GM is also posting the highest average transaction price for their vehicles. (www.autoblog.com). Ford and Chrysler follow up in 2nd and 3rd place respectively. Even more important, all 3 of them posted gains that beat the industry average. I can't think of a better path to profitability than that. __________________ 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

07-13-2010, 03:54 PM	#4
Brokinarrow Drives: 2012 Honda NC700x Join Date: Sep 2008 Location: Indianola, IA Posts: 5,317 View My Garage	Good for the company, but a higher 'average transaction price' sounds not so appealing to me as a consumer... But maybe that's just due to people throwing on more options to their vehicles? __________________

07-13-2010, 04:05 PM	#6
2010 SSRS Drives: 3 V8 Camaros Join Date: May 2009 Location: The Ocean State Posts: 111,186 View My Garage	GM is King __________________ Jannetty Racing JRE Street Package

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Winner, winner - Jalopnik compares the Big 3	Number 3	5th Gen Camaro SS LS LT General Discussions	31	04-17-2011 04:24 PM
Good news/bad news!	bigd1276	Camaro Price \| Ordering \| Tracking \| Dealers Discussions	2	06-18-2009 08:36 AM
Good news today	CamaroEd	Camaro Price \| Ordering \| Tracking \| Dealers Discussions	4	05-29-2009 12:42 AM
Iacocca rips auto industry, warns: Don't sell Chrysler	KILLER74Z28	General Automotive + Other Cars Discussion	6	04-14-2007 12:38 AM
Financial Problems for Ford???	TAG UR IT	General Automotive + Other Cars Discussion	14	10-29-2006 07:17 PM

07-13-2010, 12:04 PM	#2
ViperTomcat Banned Drives: 2011 Avenger Heat Join Date: Nov 2009 Location: Oregon Posts: 1,697	Good news for all involved!

07-13-2010, 12:08 PM	#3
ghazzi1397 Hail to the GENERAL Drives: 2011 CGM 2LT/RS Join Date: Sep 2008 Location: NJ Posts: 423 View My Garage	Nice...I love GM

07-13-2010, 05:09 PM	#7
Sax1031 Drives: 2000 Mustang GT Join Date: Jul 2009 Location: Elgin,SC Posts: 2,707	Great news

07-13-2010, 08:35 PM	#10
td2222 TBoy Drives: 2010 Camaro 2SS/RS Join Date: Nov 2008 Location: Buffalo, NY Posts: 156 View My Garage	Go American made,Go

07-13-2010, 08:36 PM	#11
2010SLVRBULIT Drives: G5(LLT) & C6(LS3) Join Date: Apr 2009 Location: MARS Posts: 7,525 View My Garage