04-01-2021, 10:24 AM | #1 |
General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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GM Q1 2021 Sales Up 3.9%; 642,250 Units Sold
GM’s First Quarter U.S. Retail Sales Grow 19 Percent
General Motors April 1, 2021
DETROIT — General Motors Co. (NYSE: GM) announced today it sold 642,250 vehicles in the U.S. in the first quarter of 2021, with retail deliveries up 19 percent and fleet sales down 35 percent year over year. Total sales were up 4 percent compared to a year ago. All four GM U.S. brands had double-digit year-over-year increases in retail sales. “Over the last year, our dealers, supply chain and manufacturing teams have gone above and beyond to satisfy customers as demand for GM products rose sharply,” said Steve Carlisle, GM executive vice president and president, North America. “The great teamwork continues. Sales are off to a strong start in 2021, we are operating our truck and full-size SUV plants at full capacity and we plan to recover lost car and crossover production in the second half of the year where possible.” GM estimates the U.S. retail SAAR in the first quarter of 2021 was 14.6 million units and the total U.S. light vehicle SAAR was 16.7 million units. “Consumer confidence and spending will continue to increase due to stimulus, rising vaccination rates and the progressive reopening of the economy,” said Elaine Buckberg, GM chief economist. “Auto demand should remain strong throughout the year.” In another sign of strong U.S. economic activity, sales to small businesses, which are included in retail sales, increased 27 percent in the first quarter. Gains were driven by full-size SUV sales (up 132 percent), Silverado medium-duty pickup sales (up 155 percent) and large vans (up 45 percent). The Chevrolet Colorado and GMC Canyon also increased sales by a combined 58 percent. Q1 2021 retail sales and share highlights (vs. Q1 2020) Cadillac deliveries were up 43 percent and market share up 1.1 percentage points, according to J.D. Power PIN.
Buick deliveries were up 43 percent.
GMC deliveries were up 23 percent.
Chevrolet deliveries were up 13 percent.
GM’s incentives as a percent of transaction prices were 11.2 percent during the first quarter, according to J.D. Power PIN estimates. Q1 2021 U.S. fleet sales highlights (vs. Q1 2020) Sales to commercial and government customers were down 15 percent. Rental sales were down 55 percent compared to a very strong first quarter in 2020 and represented just 6 percent of GM’s fleet sales. However, GM estimates it gained commercial market share on the strength of truck deliveries, especially full-size Chevrolet and GMC SUVs (up 96 percent) and large vans (up 33 percent). In addition, Chevrolet Silverado medium-duty pickups were up 43 percent. The company will work closely with fleet customers, including daily rental customers, to meet demand as production normalizes. Update on global semiconductor shortage Like other automakers, GM has been impacted by the global semiconductor shortage. GM is building some vehicles without certain modules when necessary. They will be completed as soon as more semiconductors become available, which will help GM quickly meet strong expected customer demand during the year. GM also targets recovering lost car and crossover production where possible in the second half of the year. GM ended the quarter with 334,628 units in inventory, down 76,247 units from the end of the fourth quarter of 2020. To help dealers drive strong sales with lower inventory, GM has introduced new proprietary software and applications that help them optimize their vehicle orders and track units in near real time as they move from factories to dealerships.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
04-02-2021, 08:24 PM | #2 |
Drives: 2013 ZL1 Convertible A6 BRM Join Date: Feb 2015
Location: Dayton Ohio Area
Posts: 499
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Yes, incentives help propel sales. It makes people do things they probably shouldn't do, such as buy a car they can nary afford. In 2 years many of these loads will be repossessed. Just because a stupid government says spend, may not be the best policy for your life. Most of these vehicles are financed. Many financial institutions should help people make better decisions,however their is no money in that. Always remember, poor people make poor decisions!
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2013 ZL1 CONVERTIBLE BRM A6
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