[FenwickHockey65]

GM Reports Third-Quarter Sales
Company gains retail market share in key segments
General Motors

October 1, 2021

DETROIT — General Motors Co. (NYSE: GM) dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units from a year ago as a result of semiconductor supply chain disruptions and historically low inventories.

During the quarter, GM provided an update for investors that its wholesale volumes in North America in the second half of 2021 would be down about 200,000 units from the first half, largely because of supply chain disruptions in Malaysia caused by COVID-19, with most of the impact occurring during the third quarter. GM’s financial outlook is still expected to be within the calendar year guidance range previously provided as the company continues to develop solutions to mitigate the impacts of the semiconductor shortage and Chevrolet Bolt EV recall.

“GM has been agile and decisive in managing COVID-related impacts on our production and wholesale volumes and we appreciate the support of our dealers and the loyalty of our customers,” said Steve Carlisle, executive vice president and president, GM North America. “The semiconductor supply disruptions that impacted our third-quarter wholesale and customer deliveries are improving. As we look to the fourth quarter, a steady flow of vehicles held at plants will continue to be released to dealers, we are restarting production at key crossover and car plants, and we look forward to a more stable operating environment through the fall.”

Despite challenging conditions during the third quarter, GM maintained or increased its retail market share in key segments compared with a year ago, according to J.D. Power PIN estimates.

• During the third quarter, GM's retail share of the full-size pickup segment grew more than 2 percentage points, with the Chevrolet Silverado and GMC Sierra reaching a combined 38 percent share. GM continues to sell more full-size pickups than any other automaker calendar year to date. Fleet sales of full-size pickup trucks were up 13 percent.
• Almost seven in 10 customers in the full-size SUV segment purchased a Chevrolet Tahoe, Chevrolet Suburban or GMC Yukon. Sales of the Suburban (up 28 percent), Tahoe (up 5 percent) and Yukon (up 24 percent) rose year over year. Sales of full-size SUVs to fleet customers were up 89 percent, with Chevrolet Tahoe PPV sales up 86 percent.
• The Cadillac Escalade increased deliveries by 123 percent and it remains the best-selling large luxury SUV by a double-digit margin.
• The Chevrolet Trailblazer grew sales by 147 percent, and the Buick Encore GX by 3 percent, helping GM maintain leading retail share of the highly competitive small SUV segment.
• The Chevrolet Corvette, the best-selling vehicle in the luxury sport segment, increased sales by 60 percent. The all-new 2023 Corvette Z06 will be revealed on Oct. 26.
• The Chevrolet Silverado medium-duty reported best-ever deliveries for the third quarter and calendar year to date, with total sales up 13 percent, and the Chevrolet Low Cab Forward delivered its best quarter ever with total sales up 53 percent.

Year to date, total sales for Buick increased by 27 percent, GMC by 8 percent and Cadillac by 11 percent.

Wholesale, production and inventory update

• As of this week, all of GM's full-size pickup, full-size SUV and midsize pickup truck plants in North America are operating.
• Lansing Delta Township Assembly in Michigan, which builds the Buick Enclave and Chevrolet Traverse, and Lansing Grand River Assembly, which builds the Cadillac CT4, CT5 and Chevrolet Camaro, will resume regular production on Oct. 4.
• During the quarter, GM shipped to dealers over 68,000 units that had been held at assembly plants due to semiconductor supply issues.
• Dealer inventory, including in-transit units, was 128,757 units at the end of the third quarter, with availability projected to improve during the fourth quarter.
• GM’s average transaction price was $47,467 during the third quarter and incentives as a percentage of ATP were 4.7 percent.
• GM estimates total light vehicle SAAR for the third quarter was 13.4 million, down from 15.5 million a year ago.

"While supply has been constraining sales in recent months, underlying demand conditions remain strong, thanks to ample job openings, growing pent-up vehicle demand and excess savings accumulated by many households during the pandemic," said Elaine Buckberg, GM chief economist. "We expect to continue selling every vehicle we can produce with rapid turnover."

GM continues to build momentum with key product launches:

• Production of the GMC HUMMER EV begins later this year at GM’s Factory ZERO in Detroit-Hamtramck, which will also build the Chevrolet Silverado EV.
• All available reservations for the all-electric 2023 Cadillac LYRIQ Debut Edition were filled in just over 10 minutes, with deliveries slated to begin in the first half of 2022.
• The new 2022 Chevrolet Silverado, which was revealed in September, features significant upgrades inside and out, including the first-ever Silverado ZR2. It will begin arriving at dealerships in spring 2022. The new 2022 GMC Sierra 1500 will also be revealed later this month.

[hotlap]

2021


https://www.goodcarbadcar.net/2021-u...sales-figures/

[LimaCharlie]

The Camaro production numbers are much worse than I thought. I realize it's mainly due to chip shortage but the numbers shouldn't be that low..

[FenwickHockey65]

Can't sell what you can't build. It's going to be a rough year.

[Silveradoss573]

Originally Posted by LimaCharlie

The Camaro production numbers are much worse than I thought. I realize it's mainly due to chip shortage but the numbers shouldn't be that low..

That LT1 sure isn't working out so well to increases sales is it? According to so many over on camaro6 it was going to be the "savior" and increase sales drastically lol. IMO after the botched 2019 facelift, it was game over once again for the Camaro.

[LimaCharlie]

Originally Posted by Silveradoss573

That LT1 sure isn't working out so well to increases sales is it? According to so many over on camaro6 it was going to be the "savior" and increase sales drastically lol. IMO after the botched 2019 facelift, it was game over once again for the Camaro.

I actually see alot of LT1's here in Vegas. There's a guy down the street with a black one. I see a white one running around my neighborhood too.
5th gen and 6th gen Camaros are actually pretty popular here.....and I'm not talking about all the tourists in the V6 convertible rental cars either. lol

[Motor Fast]

Originally Posted by LimaCharlie

The Camaro production numbers are much worse than I thought. I realize it's mainly due to chip shortage but the numbers shouldn't be that low..

This seems to go way beyond chips. I just ordered headers and wheels for my new Corvette and everything is a 3 month plus lead time. Talking to people in different fields it seems like demand is high right now along with supply already being low. People who normally can't afford certain goods now have the money too due to greater income from handouts than their typical salary. I think, though, this is intentional to drive wages up.

[demonspeed]

Originally Posted by Motor Fast

This seems to go way beyond chips. I just ordered headers and wheels for my new Corvette and everything is a 3 month plus lead time. Talking to people in different fields it seems like demand is high right now along with supply already being low. People who normally can't afford certain goods now have the money too due to greater income from handouts than their typical salary. I think, though, this is intentional to drive wages up.

It causes inflation because:
1) you have people who are home not working getting paid more to stay home than take a low-skill job
2) low-skilled jobs then need to increase wages beyond what is reasonable for said lack of skills to desperately fill positions
3) said business then passes increased wage costs on to consumers which in turn decreases buying power of those consumers due to excessive expenditure on the inflated prices
4) further class division ensues as lower middle class drops to lower class, dependence on government increases as said individuals need help now paying for sustenance they were otherwise handling themselves, etc. thus pumping out more entitlement money and circling back to point #1…

But for the intents and purposes of GM earnings being down, it’s not just a chip shortage, but a significant portion of buyers who haven’t bought into Mary’s grandiose vision for the company’s future offerings. They already ceased making anything engaging to drive other than a Corvette which has never been for the masses, and the Camaro which is on its way out that most people, unless they care about road course times, are looking towards an ancient Challenger or the default Mustang.

[FarmerFran]

Wow, Challenger is the highest seller.

And I article I read said the "chip" shortage killed GM.

[demonspeed]

Originally Posted by FarmerFran

Wow, Challenger is the highest seller.

And I article I read said the "chip" shortage killed GM.

It’s more utilitarian than the other options, Dodge keeps it “fresh” with new tweaks every year, and marketing is in-your-face and fun. If one doesn’t care about anything more than street performance, why would they want to buy anything else?

[90503]

Just curious....Have all the 2021 Camaros that were built minus only the chip been completed (chip added)?

2022s are in the wild, 2021s should be caught up by now.

[Silveradoss573]

Originally Posted by 90503

Just curious....Have all the 2021 Camaros that were built minus only the chip been completed (chip added)?

2022s are in the wild, 2021s should be caught up by now.

Think I saw something over on camaro6 last week that there are still '21's still on hold.

[rocket403]

Challenger has outsold the Mustang by Over 3000 units

http://motrolix.com/automotive-sales...ge-challenger/

[FarmerFran]

Originally Posted by rocket403

Challenger has outsold the Mustang by Over 3000 units

http://motrolix.com/automotive-sales...ge-challenger/

Better car