Edmunds: GM market share will grow in October
According to the number-crunchers over at Edmunds.com, things are looking up for General Motors in the month of October. If preliminary figures hold up, The General's market share should come in at 22.4 percent, a notable gain from the 19.1 percent share the automaker averaged throughout the third quarter of 2009.
Driving this newfound marketplace success is thought to be GM's recent abundance of new product launches, which include important models like the Buick LaCrosse and Cadillac SRX along with the Equinox and Camaro from Chevrolet. GM has received mostly favorable reviews on each of these vehicles and has invested money into advertising and media campaigns.
Still, maintaining the measure of success seen over the last month and continuing to grow that momentum in the long term won't be easy, and GM isn't likely to recapture its position as the dominant player in America that it once was any time soon. Of course, we'll be watching.
[Source: Auto Observer | Photo: Tom Pennington/Getty Images]
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Reader Comments (Page 1 of 5)
CHANGE 2010 2:29PM (10/17/2009)
GM will never regain its competitive edge.It's now owned by the government and unions.
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Tony 2:33PM (10/17/2009)
And so it was written by the Lord.
paul34 3:05PM (10/17/2009)
If only Ford could come out with a four door muscle sedan (like the G8). That is what my heart tells me. But my mind tells me there's no business case for such a vehicle. :sigh:
Nick 4:21PM (10/17/2009)
"CHANGE 2010
GM will never regain its competitive edge.It's now owned by the government and unions."
How cute, you recorded FauxNews and dutifully repeat the text word by word.
Do you even take a second an think before you believe what you see on TV, or do you lack a mind of your own??
...and while Americans are engaged in a heavy debate on Joe the Plumber, whether Obama is the devil, born in the US or else; Communist China is quickly becoming the world's #1 dominating superpower.
Judy Zik 9:19PM (10/17/2009)
Nothing could be further from the truth. GM is starting to get it's mojo back. Malibu, Camaro, Equinox, SRX, LaCrosse added to their strong truck lines and there is life after death at GM. They also would appear to have really strong products in the pipeline with the Cruze and now the Regal. This would appear to be a company that might actually have a future.
I do think it is highly unlikely they will be able to hang onto market share though with killing off brands. I get that Saturn customers aren't automatically interested in Chevrolet but I don't understand Pontiac customers (since they were already driving Chevy's anyway).
Being number 1 isn't as important anymore. These days it is far more important to be profitable and building quality vehices people want. GM seems to be turning the corner on building vehicles people want but I am unconvinced about their long term quality.
ij70 12:04AM (10/18/2009)
I will not buy a GM product as long as GM stands for Government Motors. That means that Change 2010 is not all that far from the truth.
laser 2:47PM (10/17/2009)
Edmunds is part of GM's marketing arm - they have a joint agreement and as such are no longer impartial and will dispense whatever news GM wants to have offered.
Second, Government Motors can no longer count Pontiac, Saab, Hummer, or Saturn sales - therefore it is IMPOSSIBLE for them to INCREASE market share on brands that are part of the BANKRUPT GM which is being handled through the courts!
Let this stand to correct the bogus information that Edmunds is spewing. If GM is to count those four brands, it also must oblige themselves of the costs the dealers they destroyed and any other liabilities they cowardly set aside in bankruptcy.
Please, Autoblog, do not any longer consider any sales report from Government Motors that has more than Chevrolet, GMC, Buick, or Cadillac. This is the bed Government Motors made and allow them no latitude in fabricating good news when they shafted the taxpayer and bond and stockholders!
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jpm100 3:08PM (10/17/2009)
Somebody tells me something I don't like hearing so they must be on the take!
Check.
daleam 8:13PM (10/17/2009)
Say what?! I have heard more bull**it hate for GM from Edmunds than just about anywhere other than theliesaboutcars.com. FAIL!!
mesama 9:12PM (10/17/2009)
It's funny how whenever you see the word "Government Motors," the whole comment loses credibility.
Cmicasa the GREAT 9:32PM (10/17/2009)
The other day I thought I had read the dumbest post in the history of the world right here on Autoblog from a guy named "Brian..." until I read this one from "Laser."
Hey Bud. U do realize that GM's inventory... especially at the 4Gone brands... is basically depleted right? U do realize that even before they were closed or sold last month... 3 of the 4 brands only contributed about 3800 Vehicles to GM's sales numbers. Pontiac, heavy in fleet and low on profit, sold less vehicles than the extremely profitable Cadillac.
I would also like to point out that CHEVY alone had an almost equal market share last month to Ford (including Ford, Lincoln, Mercury, and Volvo).
chinb96629 5:02AM (10/19/2009)
Secured creditors are supposed to be paid by GM in bankruptcy immediately after paying the administrative expenses. But the government strong armed the secured creditors forcing them to take equity instead. This nation is no longer a Constitutional government but a government of men. If that was not enough, next, the Federal government nationalized private companies such as AIG, GM, banks and etc, by using taxpayer's IOU to take majority stakes in these companies. The Taliban and Communists around the world are having a belly laugh at the nonsense coming out of Washington.
James May 2:53PM (10/17/2009)
Toyota is not far behind with growth. Take a look @ the new SAI (Prius)
http://www.woodyscarsite.com/2009/10/toyota-sai.html
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arturo 3:00PM (10/17/2009)
Either way I see a bright future for GM and Ford, not sure about chrysler though.
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Stuka 3:07PM (10/17/2009)
GM will pick up from their lowest point sure. But I don't see them increasing market share unless the brands that still remain have a fairly substancial growth spurt. And that growth spurt will have to dig into the sales of other automakers, which currently are doing better than GM (minus Chrysler).
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Santosh Tiwari 3:13PM (10/17/2009)
I am rooting for GM.
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Dan 3:37PM (10/17/2009)
What the hell does EdmUnds know about the market..???? Number 1.... GM still cant issue new shares. So the Share that are out there are just pieces of useless paper traded by people that dont know much about stocks. Number 2.. GM is owned mostly by the US Government, who is the WORST at running anything. Anything the government has their paws on fails. Politicians running a business=fail. PLEASE dont buy any GM stock. Its a bankrupt company and to do so would be a Horrible worthless investment. GM does not owe anything to the remaining stock holders. They dont even own any of the company.. Again, Useless paper. Edmund please keep sticking to car reviews.
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kimosen 3:28PM (10/17/2009)
That might be true if the government was running GM, but it isn't.
Frankly I think CARB is more meddling than congress.
Epsilon-Not 3:30PM (10/17/2009)
Uh... I don't think anyone said to buy GM stock?
Dan 3:37PM (10/17/2009)
The new CEO was appointed by the Obama admin........ Enough said....