General Motors said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market, and will instead issue quarterly sales.
GM showed strong results in Q1 2015 with growth in earnings, net income and global sales. With such positive figures, it's expecting a better year than 2014.
Following its controversial decision earlier this year to stop publishing monthly production numbers, General Motors has now announced that it will join the ranks of Honda, Nissan, Hyundai, Kia and others in not holding a monthly conference call to discuss sales with the automotive media.
Since it emerged from bankruptcy in 2009, General Motors has been spending a goodly amount of effort trying to prove that the "New GM" does things differently than the company that squandered over 15 points of market share in the past two decades. Its latest gambit is linking salaried employee bonuses, in part, to customer loyalty. While we tend to cast a skeptical eye on such proclamations – whether they come from GM or any other automaker – we're intrigued by what seems like a legi
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Bloomberg is reporting that General Motors has taken back the crown as the world's largest automaker. The Detroit-based company outsold Toyota through the first six months of 2011, thanks largely to the manufacturer's production shortages brought on by this year's earthquake and tsunami disaster in Japan. GM sold a total of 4.536 million units worldwide through June 30, Volkswagen moved 4.13 million vehicles, while Toyota numbers fell to 3.71 million units. Bloomberg reports that production at t
The Wall Street Journal is reporting that General Motors has been unable to hold onto the loyalty of new car shoppers who formerly owned vehicles from one of the automakers now-defunct brands. Hummer, Pontiac and Saturn owners are now turning outside of the GM family for their new purchases.
March sales don't end until Thursday evening, but an Edmunds sales forecast suggests that Ford could beat General Motors in sales for the first time since February, 2010. The Blue Oval is projected to sell 210,000 vehicles for the month, up 34 percent from February figures. Edmunds sees GM having a solid month as well, but the crystal ball sees 208,000 sales for The General, up less than one percent from February sales.
General Motors today posted 178,896 total sales in January, a strong 23-percent gain from a year ago. According to the automaker, sales were up in all segments of the market, led by strong crossover and pickup sales. Fleet sales were down seven percent, though commercial sales gains wiped out that deficiency. Sales to retail customers were up 36 percent.
General Motors rounded out 2010 on a high note. December ended with a 16-percent rise in sales versus the same month in 2009 and GM's four core brands managed to sell 21-percent more vehicles in 2010 than 2009. Factor in the four brands that were axed and the General still sold 118,435 more vehicles, or six-percent, more this year than last. Much of the success at year's end is thanks to strong crossover sales. GM says that CUVs were up 42 percent compared to a year ago. Pickup truck sales were
Go to church on Sunday, sell on Monday? Well, not exactly, but General Motors will bring along the cream of its crop this Sunday, April 18, to the Hartford Memorial Baptist Church near Detroit, Michigan. For those interested in seeing the next wave of green technology, the procession will include the 2011 Chevrolet Volt.
2010 Chevy Camaro – Click above for high-res image gallery
The global auto sales downturn has been as painful as it's been swift, but a report from Yomiuri shows that the worst of times may be over. The Japanese news agency (via Automotive News) reports that Toyota has raised its vehicle production forecast upwards by 3% to 6.5 million units. That's still a far cry from Toyota's amazing 2008, yet the positive adjustment is still worth over 300,000 units of additional production.
A bit of positive news about General Motors: April sales were up 15% compared to March. GM Sales and Marketing Vice President Mark LaNeve notes that April is typically worse for sales than March and credits GM's Total Confidence program for the reversal.
Over the last several years, few automotive stories have held as much interest as the global fight between Toyota and General Motors for worldwide sales supremacy. Don't look now, but there's a new combatant hailing from Germany ready to take the reigns: Volkswagen. However, VW's ascendancy has less to do with the German automaker's output -- GM and Toyota are shedding sales at a much faster rate than VW.