General Motors officials have gone on record in saying that the company will discontinue its monthly sales conference call. The call, which has been a monthly routine for roughly a decade, allows analysts, journalists, and other participants to ask GM executives about its latest monthly sales results.
The news is one of the first orders of business under incoming CEO Mary Barra, and follows a 6.3 percent sales drop in the U.S. in December 2013.
“We’ve been thinking about this for a while,” said GM spokesman Jim Cain in a Wall Street Journal report. Cain elaborated by saying the company nixed the call because it already provides “ample opportunity to interact with its executives throughout the year.” GM also participates in six to seven major analysts’ conferences annually, and offers executive interviews during auto show media days.
The monthly conference call seems to be a bit of a dinosaur these days. In Europe, for instance, no automaker hosts sales calls, and GM’s cross-town rival Chrysler halted its domestic sales conference calls in 2009, once Fiat got involved. However, Ford, Volkswagen, and Toyota continue to host monthly sales calls in America.
To note, General Motors will continue to hold its quarterly earnings calls.