Tuesday, May 6, 2008

April 2008 was good for GM

GM Reports 260,922 Deliveries in April
(Monthly comparison percentages are sales day-adjusted unless noted.)
Retail Car Sales Up 6 Percent
Chevrolet Car Retail Sales Up 24 Percent Led By a 147 Percent Increase in Malibu, 17 Percent Rise in Cobalt, 13 Percent Increase in Aveo and 8 Percent Hike in Impala Sales
Pontiac Retail Car Sales Up 6 Percent With a 39 Percent Increase in Vibe, 3 Percent Climb in G5 and G6 Sales

Buick Retail Trucks Up 32 Percent Led By 4,000 Enclave Crossover Sales
DETROIT - GM dealers in the United States delivered 260,922 vehicles in April. Retail car and crossover sales were up more than 9 percent. A sharp sales increase in fuel efficient cars and crossovers could not make up for soft truck demand and a sharp decline in fleet deliveries impacted by the American Axle strike. On a non-adjusted basis, retail sales were down 11.5 percent and total sales for the month were down 16 percent.

The preferences of consumers has shifted so GM has shifted its modus oparandi. This is evidenced by their increased car and crossover sales. Their new products such as the Chevrolet Malibu, Cadillac CTS and Buick Enclave were excellent sellers throughout the month of April. Right across the automotive industry, truck sales have been slow. GM has been able to match the current economic slowdown with low inventories.While they are looking for ways to increase car and crossover production, they are improving their competitive position for the economic recovery.

No comments: