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Gm July sales


Fgts

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Highs n lows

 

-Chevy cars except Spark, Volt and SS took a beating.

 

- Caddy is up with ATS up 33% and its 2nd bestseller after the new bestseller XT5. CT6 moved 827 eating XTS lunch.

 

-Buick is up 10%.

 

-Trucks and CUVs are on fire.

 

-GM overall nearly 2% down.

 

http://gmauthority.com/blog/2016/08/general-motors-july-2016-sales-figures-numbers-results-united-states/

Edited by Fgts
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Silverado is down 4% but Sierra is up 13%. Between the 2 they are almost the same as last year - <400 fewer this year. Wasn't there a big truck sales offer at GM this month?

 

They had Silverado in both the 20% off and $10,000 off (different program) promotions after June's miserable sales. Down 4% in July? I'd hate to see what the results would have been *without* these programs.

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Ford and GM incentive spending this month were about the same however, last year Ford was lower by $1,000. Now both of them spend an average of $4,000/vehicle, GM a smidge more. Increased incentive spending is what caused the problems with Ford financials. Ford's profitability is very much pegged on the margins for the F-Series which shrank quite a bit this year. That might improve with the launch of SuperDuty by this time next year.

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According to GM, I thought the Silverado was 'demolishing' Ford truck sales?

When you look at combined Silverado and GMC sales they are...

 

F Series - 65K

Silverado - 54K

Sierra - 22K

 

That's 11K over F Series and then they add Colorado and canyon sales...

 

IMO, Ford needs Ranger

 

 

 

 

  • GM’s ATPs, which reflect retail transaction prices after sales incentives, were $34,887, more than $4,100 above the industry average and more than $1,100 above last July’s performance
  • GM’s incentive spending thru July 24th was 14.2 percent. Final July incentive spend is expected to be in line with domestic competitors. GM’s temporary spike in incentive spending resulted from an eight-day sale in early July to begin the sell-down of several 2016 model year vehicles. GM’s incentive spending average for the year is 11.4 percent, compared to an industry average of 11.0 percent and well below other domestic and select Asian competitors.

 

 

Ford’s overall transaction pricing also grew $1,600 in July versus a year ago – more than double the industry average – driven by the continued higher mix shift to trucks and SUVs.

 

Edited by jpd80
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I just noticed the Canyonado sales were very strong last month. I know I was curious to see if the heavy incentives on the full size trucks would hurt the mid size trucks. It seems they did not. Were there significant incentives on the mid sizes too?

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All new Camaro is a huge flop, and seems like they don't care. Like GM wants to kill it and make more Utes?

I highly doubt it, it's not like the old F-body Camaro where it had a dedicated plant and only shared its platform with Firebird.

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The dealership mix is a little odd, lots of 1LT, 2LT and 2SS but hardly any 1SS

Did GM lock itself into a product mix that's hindering more V8 sales.....

you would think that they would learn from Caddilac and not try to force feed models people don't want and build what they do.....
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