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Posts Tagged ‘general motors sales’

November Auto Sales Hit Highest Mark in 10 Years

Black Friday, low gas prices work in concert to drive buyers.

by on Dec.02, 2014

GM sales were up 6% in November, including Cadillac's Escalade, which saw sales jump 75% on a year-over-year basis.

The combination of lower gasoline prices rising, rising consumer confidence and a strong end-of-the-month push from Black Friday helped raise November new vehicle sales to their highest level in more than a decade.

Chrysler, General Motors, Volkswagen, Toyota and Audi all posted sales gains while Nissan and Ford reported a small declines.

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Chrysler Group LLC, paced by Jeep and Ram truck, reported a 20% increase compared with sales in November 2013 for the group’s best November sales since 2001. (more…)

Market Share, Margins Expected to Rise, GM Takes Another Step Towards Fully Restoring Dividend

Company declares dividend while CFO says new vehicles will drive up profits.

by on Jan.15, 2013

GM Chief Financial Officer Dan Ammann said the company expects profits to increase because of its new products.

This story has been revised to reflect an earlier GM preferred stock dividend payment.

General Motors will pay a dividend on its preferred stock, it announced Tuesday afternoon. The decision appears to have been backed up by GM’s anticipation of its 12th quarterly profit in a row – as well as the expectation that the maker will be able to drive up sales, margins and profits in the coming year.

The news comes less than a week after Ford Motor Co. revealed plans to double its own dividend on common stock.

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“Our portfolio of new, world-class vehicles puts us on a strong footing to grow profitably,” said Dan Ammann, GM senior vice president and chief financial officer, who addressed an industry conference in Detroit as the announcement of the new dividend payment was released.


GM Claims Global Sales Crown

Chevrolet sets all-time record on booming overseas demand.

by on Jan.19, 2012

Strong global demand for the Chevrolet Cruze helped propel GM to the top of the automotive heap.

Less than three years after emerging from bankruptcy General Motors is positioned to once again be the world’s number one automaker, with sales for 2011 totaling 9.03 million.  Its largest brand Chevrolet, meanwhile, reported an all-time record of 4.76 million sales to close out its 100th anniversary.

GM’s victory celebration will have to wait for Toyota to confirm its 2011 numbers.  The Japanese giant had toppled its U.S. rival as global king-of-the-hill three years ago but it lost 100s of thousands of units of production in 2011 due to the impact of the March 11 Japanese earthquake and tsunami.

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For the first three quarters of last year, Toyota deliveries were off 8.8%, to 5.77 million, and though it had hoped to pick up lost momentum in the fourth quarter its plans were again set back by subsequent flooding in Thailand.  Preliminary figures suggest it will end 2011 with 7.9 million sales, down about 6% for the full year.


GM Sets Positive Tone, Sales Gaining 8% for July

But overall July sales likely to be less positive as other makers weigh in.

by on Aug.02, 2011

Chevrolet Cruze may grab another month as America's best-selling passenger car.

General Motors Co. sales for July rose by 8% when compared to year-earlier sales, setting a positive tone for a month that is still expected to underscore the weakness of the overall American economy.

Retail sales for GM’s brands rose 6% for the month compared to a year ago levels – but they were just  1% higher than June’s generally anemic numbers.

“Sales of our fuel-efficient cars like the Chevrolet Cruze and our crossovers remain strong, and we’re now also seeing the seasonal lift in full-size pickups that we expected,” said Don Johnson, vice president, U.S. Sales Operations.

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The U.S. auto sector has several significant headwinds in the past several months, sales slowing markedly as warmer weather approached, a sharp contrast to the surge normally seen during the so-called “spring buying season.”  Preliminary projections from J.D. Power and Associates anticipate July will still see overall U.S. demand come in at under 13 million – on an annualized basis – for the third month in a row.


General Motors Sales Surge 27%

Demand builds for small cars, crossovers.

by on May.03, 2011

Cruzin...GM makes big gains with high-mileage small cars like the Chevy Cruze.

General Motors sales increased 27% in April with gains driven by surging demand for GM’s lineup of fuel-efficient passenger cars and crossovers.

While many makers have yet to report their April numbers, preliminary estimates suggest the market showed an overall gain of 19%, with the month’s seasonally adjusted annual sales rate, or SAAR, coming in around 13.4 million and 13.5 million units, according to Don Johnson, vice president, U.S. Sales Operations.

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But Johnson cautioned the SAAR, could fall during second and third quarter because of low inventories at some big Japanese carmakers.

Compared to March, GM retail sales rose 4% last month, even though the maker’s incentive spending – which it had bumped up during the first quarter — decreased more than 10%, Johnson said.


GM Goes to War

"War room" strategy could push GM past Toyota in 2011.

by on Apr.27, 2011

Toyota CEO Akio Toyoda with the now-delayed Prius V.

General Motors has gone to war.  Struggling to avoid the sort of parts shortage problems crippling its Japanese rivals, the maker has assigned several hundred managers to three “war rooms,” in Detroit, Tokyo and Shanghai, with the aim of keeping its assembly lines stocked and running.

That’s no easy task in the wake of the March 11 earthquake, tsunami and subsequent nuclear plant disasters that all but shut down the Japanese auto industry for more than a month.  Toyota alone lost about 542,000 units of production in March, it revealed this week, and the global sales leader does not expect to have its worldwide production network back up and running at full speed until November or December.

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Toyota is by no means alone, the March disaster hitting hard all of the Japanese automakers – and impacting virtually all major car companies worldwide to at least some degree.  GM, in fact, was forced to briefly close a plant in Louisiana, with two European plants also affected.  But the maker is working hard to ensure even worse problem don’t develop.  And if it can keep things running reasonably smoothly, industry analysts say GM will likely end 2011 as the global sales leader, a title it lost three years ago, shortly before its bankruptcy.

“The war rooms stay in touch around the clock and have the authority to move parts around as needed,” explained Tim Lee, head of GM International Operations.


Ford Outsells GM

March marks only second time since 1998.

by on Apr.01, 2011

Ford was king-of-the-hill in March, outselling cross-town rival GM for only the second time since 1998 thanks to models like the new Explorer.

While March delivered more good news for the auto industry, General Motors took an unexpected shot from its cross-town rival, Ford Motor Co. outselling the domestic giant for only the second time since 1998.

More significantly, Ford was able to best its Big Three rival without GM being crippled by bankruptcy.  When the tables were turned, in February 2010, General Motors was still struggling to dust itself off after emerging from Chapter 11 protection the previous summer.

The race was nonetheless close, Ford dealers reporting sales of 212,777 cars, trucks and crossovers last month, a 19% gain, compared to 206,621 for GM, which was up 11%.

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But GM still had some numbers to crow about.  For the full first quarter, its sales totaled 592,545, compared to 496,720 for Ford.

Meanwhile, GM officials stressed that their retail business grew by 17% in March – and 38% for the entire quarter — a key measure for industry watchers, as sales to individual motorists tend to yield higher profits than fleet business, especially daily rental companies.


General Motors Bumping Up Production

Other makers following GM’s lead.

by on Apr.06, 2010

With some models, like this Chevrolet Equinox, posting triple-digit sales gains, General Motors is boosting production. And other makers, including Ford and Toyota are following, GM's lead.

Stronger sales have prompted General Motors Company to push forward plans to boost production.  (See General Motor’s March Sales up 21%)

The latest signal came this week when GM announced plans to add 100 workers at a transmission plant in Warren, Michigan, which is used for building the six-speed automatic gearbox used in vehicles such as the Chevrolet Equinox, Traverse, Malibu and Impala, Buick LaCrosse, Enclave and Lucerne and GMC Acadia and Terrain.

Through the first three months of the year, U.S. sales for Equinox have risen 130%, compared to the same period last year.  LaCrosse sales are up 197% and Terrain sales are up 245%, compared to the vehicle it replaced, the Pontiac Torrent.

Overall GM’s sales increased 20% but that number is misleading, since it doesn’t account for the fact that the maker has abandoned four brands since emerging from bankruptcy, last year.  Sales at its surviving, core brands, Chevrolet, Buick, Cadillac and GMC, soared 43% in March.

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Susan Docherty, GM’s vice president of marketing, contends the 43% increase demonstrates that the company’s turnaround plan was working.  If nothing else, it means that the maker needs to respond where demand is now exceeding supply.