April Sales numbers

Dadoffourgirls wrote:

MM49 wrote:

Dadoffourgirls wrote:

MM49 wrote:

The Chevy sales increase is due to increased incentives up to 16.4%. The highest in the industry.

Yahoo News "The company also saw a $200 million drop in operating earnings as it was forced to offer pricing deals on its current large truck line ahead of the launch of the new models"
mm49

Gotta love internet news. I suggest that you dig deeper into other sources.

DETROIT—General Motors Co.'s GM +3.15%first-quarter profit fell a less-than-expected 11% as a result of a weaker performance in North America, where the largest U.S. auto maker is spending heavily to launch new pickup trucks, continuing losses overseas and the impact of currency turbulence in South America.

Wall Street had expected a bigger earnings decline, and GM shares were up 4.5% at $31.54 in midday trading on Thursday in New York.

You are quoting aggregate numbers. If you want to contest the point you should address the topic of my comment. "Sales incentive per volume of trucks sold" You are trying to cloud the issue. Nice try thou.
MM49

I will address your nonsense. GM has delivered 157,411 Silverado's and Sierra's in Q1. Your reported $200 million would be $1,270.32 per vehicle. For a vehicle that has sold almost 750,000 vehicles over its life (deliveries of GMT900 pickups), a $1300 incentive to remain competitive is not unheard of in the automotive industry.

Also, this would say that the trucks was the only part of the business that cost the company money.

As indicated, the company was planning on a decrease, and Wall Street analysts were happy with the results.

Anything else you would like explained with facts?

Let's see. Since the much hyped GM IPO the Dow has gone from 11K to 15K and GM has gone from 32 to ...wait for it... 32. Yea, Wall Street just loves GM.

And your $1300 incentives number above is additional incentives above and beyond other incentives. Heavy discounting is partly to blame to GM woes in the early 2000's that lead to their destruction so I don't take that as a positive. One more thing, the stock price also reflects the 49.5 billion tax free gift treasury gave GM as part of the bailout. When these preferential tax credits run out (if ever) and GM actually has to pay corporate tax the stock will go down accordingly.