New Leaders in the Auto Industry?

Things change fast in the U.S. Auto Industry as it looks like it’s now Chrysler, Hyundai-Kia , Toyota and VW’s time to shine in 2012. GM and Ford are down in share for the year but they both have some strong product coming out that could put them back in the black when it comes to market share.

From the Detroit News:

General Motors Co.’s sales in the U.S. were down 8.2 percent for April as Ford Motor Co. reported last month’s U.S. sales were down, too, by 5 percent. Meanwhile, Chrysler Group LLC said Tuesday its sales were up 20 percent last month, making for its best April in four years.

GM sales were down to 213,387 primarily due to a 25 percent drop in fleet sales that the automaker said was because of the timing of rental customer deliveries. The company said its retail sales were essentially flat. GM also pointed out that April 2012 had three fewer selling days than the same month a year ago — only the second time that has occurred in the past 10 years.

GMC posted a sales increase of 4.5 percent during the month, driven by a 20 percent increase in sales of the GMC Sierra pickup and a 9 percent jump for the GMC Terrain crossover. Chevrolet, Buick and Cadillac all saw total sales fall during April compared to the same month a year earlier.

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GM clocks in with a $3.2 Billion first quarter profit!

From the Detroit News:

Detroit— General Motors Co. posted a $3.2 billion profit during the first quarter – its fifth consecutive quarterly profit, and further evidence the automaker continues to build momentum after its 2009 bailout.

“It’s a solid quarter,” GM’s Chief Financial Officer Dan Ammann said this morning. “It’s good progress. It sets up a good foundation for the rest of the year.”

Revenue from January through March was $36.2 billion.

The first-quarter results also included a number of one-time gains, including $1.6 billion from the sale of its interest in Delphi Automotive, and $300 million for the sale of preferred shares in Ally Financial, Inc., the financial arm formerly known as GMAC. Excluding special items, interest payments and taxes, GM earned $2 billion, compared to $1.7 billion in the first-quarter last year.

The financial results – GM’s best first-quarter results in more than a decade — benefited from growing demand its fuel-efficient vehicles, like the all-new Chevrolet Cruze, and robust sales in China, where GM is a market-leader.

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Can GM get on track and attract new investors?

Hopes for a really quick buck on GM stock has faded along with a huge sales month in February. Rising gas prices may fuel the General into bringing back big incentives to move those trucks and SUV’s.

From AutoNews.com:

DETROIT (Bloomberg) — The new General Motors made its Wall Street debut with much fanfare last November. The initial public offering that was supposed to max out at about $10 billion ended up raising more than double that amount.

CEO Dan Akerson had a good story to tell: The Detroit automaker had posted a $4.8 billion profit for the nine months ended Sept. 30, and new models like the Chevrolet Equinox and Cadillac SRX SUV were selling well. Two weeks after the IPO, GM was worth just $1.6 billion less than Ford Motor Co., and by mid-January the stock ran up 20 percent, to almost $40 a share, giving GM a value of $59.3 billion.

GM’s feel-good moment didn’t last. Since the beginning of January the stock has fallen more than 18 percent, to close Friday at $30.24 a share, which is $2.76 below its IPO price. GM’s market valuation now trails Ford’s by almost $8 billion. Analysts fret about the churn in GM’s management ranks, the aggressive use of incentives to sell its cars, ongoing losses in Europe, and a softening in the Chinese market, where GM is the leader.

Read the entire article.

  

GM Owns February 2011 with a 46% Gain!

The General came in big last month with a whopping 46% gain compared to February 2010. We’ll be watching to see if GM can keep up the pace or if another leader will rise in 2011.

From Detroit News:

February marked the strongest U.S. car and truck sales pace since August 2009, according to figures compiled by AutoData Corp.

Should the pace keep up, the year’s sales would total 13.4 million.

The Detroit Three automakers today all reported double-digit sales gains in February from a year ago, led by General Motors Co.’s healthy 46 percent gain.

GM totaled 207,028 cars and trucks sold under the Cadillac, GMC, Chevrolet and Buick brands and fared much better than crosstown rival Chrysler Group LLC, which reported a 13 percent increase in its February sales at 95,102 vehicles.

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GM changing for the better?

Whatever happens with GM in the future you can’t say they aren’t trying everything they can think of to drive sales now. This new idea appears to be a sound one and I say keep reinventing yourself GM and good things may follow. I can’t help but get the feeling that GM is really changing for the better!

The trucks left Friday for a 40-factory road show to bring some of General Motors’ newest vehicles to the company’s workers across the country.

It’s part of GM’s effort to give more workers a chance to test-drive the company’s cars and trucks, and possibly lead to new sales for the automaker.

GM sales were up 14% in January, but the company is still rebuilding after emerging from bankruptcy in July.

Vehicles — such as the Chevrolet Equinox midsize SUV and Buick LaCrosse sedan — should arrive Monday at the first stops: GM plants in Arlington, Texas; Shreveport, La.; Defiance, Ohio, and Tonawanda, N.Y.

Read the full article at the Detroit Free Press.

  

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