Car manufacturers and the iPhone generation

536 More

Earning the right to be successful

519 More

Knowledge is power

593 More

Selling cars – it’s all about timing

835 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

GM suffer second quarter sales slump

Sales at General Motors dropped in the second quarter as the US carmaker slid into bankruptcy.

GM sold 1.94 million vehicles in the April to June quarter, including brands it is planning to sell, down 15% on the same period a year earlier.

The company blamed economic pressures and production cuts in the US.

GM emerged from Chapter 11 bankruptcy protection on 10 July after 40 days. The new slimmed-down GM owns four brands and is 61% government-owned.

On a quarterly basis, sales were up 20%.

“We believe the strength of our products, including the Chevrolet Camaro, Spark and Malibu…and others around the world enabled us to weather an historically difficult rebirth of the new General Motors,” said Jonathan Browning, GM’s vice president of global sales.

The brands that will remain with the new GM are Chevrolet, GMC, Cadillac and Buick.

Chevrolet was the top-selling GM brand worldwide in the quarter, selling more than 880,000 vehicles.

GM is currently involved in talks with the German government and potential bidders over the sale of its Opel brand.

Source: BBC News

Jul 22, 2009MTI
  • GM bounces back to third quarter profits
  • Used car sales suffer slight dip in second quarter
  • US big 3 car makers all increase sales in April
  • General Motors announces $6bn first quarter loss
  • General Motors announce more cutbacks and the end of Pontiac
  • Volkswagen first quarter sales may overtake Toyota
  • Big second quarter loss for FiatMagna still favourite for Opel takeover
    You Might Also Like
     
    Analysts claim buyers are turning away from Diesels
     
    2011 year of the “great deal”?
    MTI
    11 years ago Manufacturers, News37
    Most viewed
    Top 100 UK Dealer Groups
    38,210 views
    The car sales process and the “9 point plan”
    10,559 views
    webuyanycar review – They will buy any car but beware of the asterisk
    5,327 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes