General Motors recorded a 6% decline in December sales

Article by Christian A., on August 26, 2010

General Motors Co. recorded a 6% decline in December sales but as depressing as that sounds, its December 2008 sales were far worse. Last month, a third of GM's sales were composed of fleet deliveries. Because GM anticipated extended holiday shutdowns at plants, it dumped about 75,000 of its 220,030 units into fleets.

In a recent conference call, Mike DiGiovanni, GM's executive director of global market and industry analysis, said that it's too high a percentage and that he preferred that it be around 25%.

Last month, GM's fleet sales came in at about 22%. That represents a drop of about a third in December fleet deliveries. In particular, sales to rental companies, businesses and government agencies were all profitable for GM, and this had not been the case a few years ago.

Susan Docherty, GM's sales and marketing chief, estimates that GM's fleet deliveries put the company in the middle of automakers'´ December fleet percentages.

Ford Motor Co., which reported a 33% sales gain, sold 35% of its vehicles to fleets. Approximately half of Chrysler Group's sales went to fleets while Toyota Motor Sales had 10% and Hyundai-Kia 22%. [via autonews - sub. required]

Topics: gm, sales, united states

If you liked the article, share on:

Pin It

Comments

Recommended

Has Toyota started the production of a new electric supercharger? Well, a patent that was recently published indicated that they might have. And this electric supercharger looks more durable and...
by - March 27, 2017
The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you...
by - March 27, 2017
Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries