October 2009 Vehicles Sales Thread
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Lead Lap
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From: NY
October 2009 Vehicles Sales Thread
GM sees 1st sales uptick in months
http://freep.com/article/20091028/BU...tick-in-months
For the first time in 21 months, General Motors is on track to see its first monthly sales increase compared to the same time period a year ago, the company said today.
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While official results will be announced next week, all signs point to a good month, according to Mike DiGiovanni, GM's executive director of global market and industry analysis.
“We’re really having a good October,” he said.
DiGiovanni added that about 95% of the sales for the month are coming from the company’s four core U.S. brands — Chevrolet, Buick, GMC and Cadillac. A year ago, those brands comprised about 85% of the company’s sales.
GM is in the process of winding down Pontiac and Saturn and selling off Hummer and Saab after emerging from bankruptcy in July.
“We’re clearly getting behind us the brands we’re phasing out,” he said.
GM sold 168,719 vehicles in October 2008, which was a 45.1% decrease from the same month in 2007, according to Autodata Corp.
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While official results will be announced next week, all signs point to a good month, according to Mike DiGiovanni, GM's executive director of global market and industry analysis.
“We’re really having a good October,” he said.
DiGiovanni added that about 95% of the sales for the month are coming from the company’s four core U.S. brands — Chevrolet, Buick, GMC and Cadillac. A year ago, those brands comprised about 85% of the company’s sales.
GM is in the process of winding down Pontiac and Saturn and selling off Hummer and Saab after emerging from bankruptcy in July.
“We’re clearly getting behind us the brands we’re phasing out,” he said.
GM sold 168,719 vehicles in October 2008, which was a 45.1% decrease from the same month in 2007, according to Autodata Corp.
Lexus Test Driver
Joined: Oct 2005
Posts: 8,809
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From: MA
GM and Ford are actually making a few model of cars that are pretty competitive, they should be ok finanaially for a while. The problem is, in a decade or so, when the guards change, they will be back to their old self and start making junk again.
Lexus Fanatic
Joined: Oct 2003
Posts: 94,422
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From: Virginia/D.C. suburbs
I don't think so. Although Chrysler still does a number of poorly-made vehicles, the days of much of Detroit's junk (finally) seem to be coming to an end, and not just temporarily. GM never had to face bankrupcy before, even with sub-standard products.....and they have never had part-UAW ownership either; now even unions have a stake in the firm. GM will also be sharply downsized, and will not be the huge mega-corporation it was for so many decades. Chrysler's future, to an extent, will be tied to Fiat's. Ford, though having escaped a Government bailout, has had the heck scared out of them, and is getting serious about quality....the Fusion/Milan/MKZ is probably the best example. They know they will have to maintain that quality if they want to sell cars from now on......it simply cannot be buisness as it was years ago.
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