Dealers for General Motors in the United States delivered 176,571 total vehicles in the month of June, down 33.6% compared with a year ago. Truck sales were down 40%, with car sales only dropping 24%. Retail sales accounted for 82% of the total, as fleet sales continue to be trimmed.
GM’s market share, based on preliminary numbers, appears to be over 20% for the third straight month, but the brands being phased out account for roughly 4% of that. (GM’s bankruptcy plan calls for an 18.5% share of market to even reach break-even.) And its advertising spending is down 50% compared with a year ago.
However, it appears that GM’s sales decline has not leveled out yet since the overall market is off about 28%, according to numbers from AutoData Corporation. And GM declined to give a third quarter production estimate.
GM sales executives remained optimistic, though, at the bankrupt automaker, pointing out that GM’s June retail sales had volume up 10% percent or more than 13,000 vehicles compared to May, resulting in the fourth consecutive month-over-month retail sales increase. Camaro is clearly the hottest car in the market right now, with less than a week’s supply.