07-02-2019, 09:42 AM | #1 |
General Motors Aficionado
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GM Q2 2019 Sales Down 1.5%, 746,659 Units Sold
Chevrolet Silverado 1500 and GMC Sierra 1500 Crew Cab Pickups Each Gain 12 Percent in the Second Quarter; Crossovers Set a Second Quarter Record
General Motors July 2, 2019 DETROIT — General Motors Co. (NYSE: GM) delivered 746,659 vehicles in the United States in the second quarter of 2019.
Overall, GM deliveries during the second quarter were down 1.5 percent versus a year ago, in line with third-party estimates for industry sales. The company estimates that its retail market share was even with a year ago, with truck and crossover deliveries offsetting lower passenger car sales. Industry Momentum The U.S. light-vehicle SAAR for the first half of the year is expected to be a healthy 17.0 million units, according to GM Chief Economist Elaine Buckberg. “The U.S. economy continues to grow at a healthy pace. Jobs are plentiful and inflation remains low,” said Buckberg. “Auto demand was better than anticipated in the first half and we expect strong performance in the second half of the year. If the Fed cuts rates, as widely expected, lower financing costs will provide further support to auto sales.” More Truck Capacity, More Crew Cabs, More Diesels Starting this quarter, GM will lead the industry and begin breaking out deliveries of its full-size light- and heavy-duty pickups to give investors and other stakeholders a clear view of the company’s sales performance in these vibrant segments. “The light-duty segment is the highest-volume part of the pickup market and we are expanding choice to make sure that we meet the needs of every customer,” said Kurt McNeil, U.S. vice president, Sales Operations. “Heavy-duty trucks, by contrast, are about 25 percent of full-size pickup sales. Our HDs are purpose-built machines for people who need maximum capability, and we are poised for significant growth.” Light-Duty Launch Update (Chevrolet Silverado 1500, GMC Sierra 1500)
Heavy-Duty Launch Update (Chevrolet Silverado 2500HD/3500HD, GMC Sierra 2500HD/3500HD)
Other GM Highlights
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