10-01-2015, 08:44 AM | #1 |
General Motors Aficionado
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GM September 2015 Sales Up 12%, 251,310 Units Sold
GM Posts Sixth Consecutive Jump in Retail Market Share
Retail Sales up 17 percent, Total Sales up 12 percent General Motors October 1, 2015
DETROIT – General Motors’ (NYSE: GM) Chevrolet, Buick, GMC and Cadillac brands sold 251,310 vehicles in the United States in September 2015. Retail deliveries climbed 17 percent compared with a year ago, which makes September the sixth month in a row that GM has increased retail market share year over year. Total sales were up 12 percent. “Staying focused on core values like initial quality, sales and service satisfaction, cost of ownership, dependability and advanced technology is paying off in higher sales and share, stronger transaction prices and lower incentives,” said Kurt McNeil, GM’s U.S. vice president of Sales Operations. “Unlike our competitors, we did not need to rely on higher incentives to grow our business.” GM’s average transaction prices (ATPs) increased almost $800 per unit compared to August 2015, according to J.D. Power PIN estimates. Incentive spending in September was down 1 percentage point from August 2015, much greater than the industry’s 0.2 percentage point decline. Year over year, spending was down 0.7 percentage points, while industry spending increased 0.9 percentage points. Commercial deliveries increased 10 percent year over year for the 23rd consecutive monthly increase. Consistent with GM’s plan, total fleet sales were down 5 percent due to a 12 percent decline in rental deliveries. Full-Size Pickup Highlights September sales and PIN estimates bear out the momentum the Chevrolet Silverado and GMC Sierra have with both individual and commercial customers:
New Truck Paradigm During the last two years, GM has built the industry’s most successful retail truck franchise by completely redesigning its full-size pickups and SUVs, launching all-new V-8 and V-6 powertrains, and re-entering the mid-size pickup segment.
To keep momentum building, Chevrolet unveiled a redesigned 2016 Silverado at the State Fair of Texas in September. It features new styling, expanded availability of 8-speed transmissions, more advanced safety features and class-exclusive availability of Apple CarPlay and Android Auto. In addition, Chevrolet and GMC will launch a new 2.8-liter Duramax diesel engine this fall in the Colorado and Canyon. GM’s strong results helped the seasonally adjusted annual selling rate (SAAR) for light vehicles reach an estimated 18.3 million units in September. The six-month moving average for the SAAR is now estimated to be 17.6 million units. “The U.S. is adding jobs, disposable income is rising, energy prices and interest rates remain low and business continues to invest, but the fact remains this has been a slow recovery,” said Mustafa Mohatarem, GM’s chief economist. “The economy still has room to grow and so do auto sales, particularly now that the Millennials are entering the workforce and starting households.” September Sales Highlights vs. 2014 (except as noted) Retail Sales Chevrolet
GMC
Buick
Cadillac
Average Transaction Prices (PIN)
Total Sales Chevrolet
GMC
Buick
Cadillac
Fleet and Commercial
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10-01-2015, 11:08 AM | #2 |
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I still can't wrap my head around why the SRX is selling so well lately.
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
10-01-2015, 01:18 PM | #3 |
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I am guessing bc the only thing mentioned from Cadillac is the SRX, that the rest of Cadillacs models aren't selling to well huh?
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10-01-2015, 02:01 PM | #4 | |
Iron fist, lead foot
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Quote:
Cadillac was down 1.67% to 125,699 units (YTD '15 vs YTD '14) -Retail sales were down 1.6% to 12,519 units -ATS was up 2.50% to 2,295 units -SRX was up 85.11% to 6,849 units -CTS was down 42.2% to 1,319 units -ELR was down 67.57% to 36 units -Escalade was down 28.91% to 1628 units -Escalade ESV was down 3.83% to 1,181 units -XTS was down 19.15% to 1,600 units Read more: http://gmauthority.com/blog/2015/10/...#ixzz3nLNo4Ylt
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10-02-2015, 07:31 AM | #5 |
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Thanks crysalis, CTS sales are really tanking
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10-02-2015, 09:46 AM | #6 |
Iron fist, lead foot
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SRX really was Caddy's life vest this September.
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