Mary Barra Says GM Inventory Won’t Return To Pre-Pandemic Levels
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GM CEO Mary Barra says the automaker has no plans to return to its pre-pandemic inventory levels as it looks to make its business leaner and more efficient.
GM began operating with limited vehicle inventory amid the COVID-19 pandemic after the virus forced it to shutter its production facilities in 2020. The semiconductor chip shortage then took hold shortly after, further limiting its production output and leading to much more severe inventory constraints as demand for new vehicles skyrocketed throughout 2021.
The chip shortage caused GM’s U.S. sales to fall from 2,547,339 units in 2020 to 2,217,832 units in 2021, however strong pricing and demand for vehicles, especially its full-size trucks and SUVs, helped GM generate a respectable $1.7 billion in income on $33.5 billion in revenue. In light of this performance, GM CEO Mary Barra sees little reason to return to its old ways of filling up dealership lots with countless cars, trucks, crossovers and SUVs.
“We’ll never go back to the inventory levels that we were in the past,” Barra said in a recent online chat with Rod Lache, the managing director of business analyst firm Wolfe Research, as quoted by The Detroit Free Press. “In all the tragedy that surrounded COVID, we have learned a lot on how to strengthen our business, run leaner, work with the dealers, use data analytics to make sure dealers are ordering the right vehicle. There are so many elements where we’ve learned to run more efficiently that we’ll never go back from.”
While GM said recently it expects the chip shortage to ease in the second half of 2022, Barra believes it will take a long while for it to build its inventory levels back up due to high demand. That means consumers can expect elevated prices at the GM dealer for the foreseeable future – especially as GM has little reason to leave those profits on the table at this point.
“We do expect the favorable pricing environment to continue as inventories are going to take well beyond 2022 to rebuild,” Barra added. “Some of this is GM-unique because we came into COVID lean. We saw incredibly strong demand. So we’re working to build every single vehicle we can build because of the demand is so strong.”
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Yeah… those Theme we have Today passing the front Door … EV Cars, Marry Barra, Pandemix, Virus, War Over There, Climate Neutral, Not Use Carbon Anymore etc… but, my impressions :
A. The USA President sent 7000 Soldiers to Germany. How it could be Climate Neutral, if a lot of Galaxies, Boeing, Hercules and those old Aircraft, would bring Personell Stationary ? Does it not Pollute Air or so ?
B. Are the guys there combating worried about EV Cars or Climate Neutral ?
C. What is thinking Marry Barra with the Hummer EV to be sold to Russians or Ukranians ?
D. How are Chevrolet sails over there ?
E. Marry Barra wants USA only with EV cars, but in Brasil not… So where is the sign in Contract about Climate to be entirely Truth ?
Drugs?
.. no, never took, and we are against those who takes…
No more truck month!
Agree. Unless they want to compete between each other (GM vs Ford vs Dodge/Ram) to get / take market share from each other.
For the near and mid term, things won t change for sure. On the long run, things could change as supply / demand will change too.
On the other hand, high prices are not good. I mean not everyone can or will to shell out 50,000 USD for a truck or SUV that will last about 10-15 years… Everything is more and more expensive everyday, interest rates will increase too… Could be a problem for GM also in a few months. Not because they won t sell their vehicles but because many might not be able to buy them anymore…
yeah… is how see too, and see some trend of a turn around… very small but has already
Yah. But up da trend down, in soup!
Higher Interest rates are key.
It’s going to be a lot more painful to be a glutinous slob and buy that $100,000 Truck/SUV.
They don’t have any affordable cars anymore. And who the hell wants to spend 80000 on a truck? I mean if you have plenty of money yes. But the regular people need some small affordable automobiles. Why is it so hard to make some small reliable cars?
Exactly they keep catering to people who write the 80,000 dollar truck off on their taxes like the farmer who complains he makes no money but yet drives a big fancy truck and trashed it on the farm and then when it’s all used up then maybe the poor bastard can buy it .
Good points. Google Translate can suck at times…
Most automakers will keep inventories down and will increase the practice of trying to get customers to order the cars they want.
This is the practice of the automakers in Japan as they carry few cars in inventory there as everyone orders the car. Similar to Europe too.
It is a more profitable way of doing business. But we will not see the major discounts and rebate we have grown accustom to because of this.
But used car prices will likely continue to stay high and offset the higher priced of new. So this will really only impact those that retain their vehicles til the die.
Most American car companies have rebates built into the MSRP, GM included. They are getting this inflated retail right now, with no cars on the lots, but when this changes they will need to either lower the MSRP or go back to rebates. If not GM will accelerate their years of market share loss.
Ram outselling Silverado? Time for Mary to take her golden parachute and move to a warm island.
That may happen anyway (continues market loss); as a company lower inventory makes more sense as a business model. Japanese and others have been doing this for decades. Not as good for us as consumers..
Market Share doesn’t matter. Investors know the market is going to EVs. GM needs to show it will survive and thrive in an EV world.
What an idiot. Market share does matter and you sound like a fool for saying otherwise.
Market Capitalization
Ford:71.4 Billion
GM: 88.9 Billion
Tesla: 837.0 Billion
Face it, gasoline vehicles are about to become as obsolete as Land lines, Flip phones, VCRs and TVs with a picture tube. Wall Street values ICE infrastructure as a liability.
Let’s hear your prediction this time for it then petey. You walked your 5 year plan back in less then a week so lay it out for us tell us your major prediction this time.
Hey Mark,
Even in your Caveman world. Market Share doesn’t take into account that some vehicles cost more than others. 1 Silverado costs about as much as 2 Camrys. Plus selling Silverados means you will never be forced to ride in a Fkng Camry.
If were going to b e using gay pet names for one another do you prefer: Marky Mark, skid mark or X marks the spot.
No prediction this time? Aww I was really looking forward to another foolish prediction from you that you would change in less then a week.
@Peter-G:
yours would be G-Spot,
Observer7
Does that mean you wanna come over here and give me a B.J, or do you like to watch like your name suggests?
No, Sir. You make me laugh. I am not of your league.
You’re such a tool.
Observer7
If you can’t stand the heat, stay out of the kitchen.
🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺🇷🇺
🇺🇦 day 5: The Ukrainian flag still flies high over the the Capital in Kyiv. While Vladimir Putin asks for piece talks.
GM has a PE of 7, Ford a PE of 4 and TSLA a PE of 165 which is absolutely outrageous. TSLA doesn’t really make money on cars, rather on selling carbon credits. Investments in TSLA are not a proxy for EV’s – rather – they’re an investment in Musk.
What does PE mean?
PE means Price/Earnings ratio. It’s the price of one share of a company’s stock compared to how much the company earns per share. The point being that since Tesla’s stock price is so over inflated, that using their market capitalization as proof that EVs are going to make ICE obsolete is bogus.
GM has has a low PE ratio because they aren’t priced for growth. Their production numbers will continue to decline, same with Ford. Though I do think Ford will survive and won’t go bankrupt, but GM likely will. Tesla’s PE ratio isn’t even outrageous. Show me a company that grew their product deliveries by 87% YOY, revenue growth 71% YOY, net income up 665% YOY. I can go on. This was with just two factories. Tesla will be producing products out of two newer, larger factories quite soon.
Mind you, Tesla’s unadjusted Q4 2021 net income was $2.3b, of which $314m was from regulatory credits. So no, Tesla does NOT rely on selling carbon credits to make money. That $314m is also down -22% YOY. So Tesla is making far more money while selling less credits. You can’t make this up. Tesla’s Q4 ‘21 net income was more than GM’s unadjusted Q4 ‘21 net income, which was $1.7b. Tesla is rapidly growing, while GM is declining. The numbers are all there.
In 2018, Tesla produced 254k EVs vehicles vs GM’s 8.4m ICE vehicles. That works out to matching 3% of GM’s ICE volumes. Last year, Tesla produced 936k EVs vs GM’s ~6.28m ICE vehicles. So Tesla matched 15% of GM’s ICE volumes, and GM’s EV volumes (and models that you can’t even buy right now) are laughable. No matter how you want to spin it, Tesla’s ALL ELECTRIC production numbers will surpass GM’s ICE vehicle numbers, and GM will not be able to catch Tesla’s production numbers.
Predictions are a difficult business, especially when concerning the future.
– Yogi Berra (?)
If you totally ignore the YOY trends, economics, and initiatives whilst sticking your head in the sand (or blindly listened to our president about how Mary and GM “led”), then of course you won’t be able to reasonably extrapolate what is happening, and will continue to. GM is aiming to globally produce 1m EVs annually by 2025. Tesla approximately achieved that in 2021, and will deliver around 1.6m this year. Just look to GM’s own targets and compare them to Tesla’s. It’s that simple.
Look at today’s facts:
while in Germany, Tesla model 3 was the top selling BEV in 2021, with slightly under 10% of market share (among BEV’s), it was tightly followed by VW UP, of which VW had stopped taking orders for because of overload of the production facility (and because they apparently preferred to sell more expensive models). And the legacy manufaturers will bring more and more BEV and also FCEV on the market. And hybrids.
Most BEV and PHEV are being sold with a government subsidy of 9’000 €. This might end some day.
And the violent hate of Mr. Musk against working people and his “I don’t need to respect the law” attitude and treachery will backfire also regarding the sales of his cars.
For some reason, I can’t reply directly to your comment below, but let me just squash the cherries that you picked. First, the Germany cherry. You’re purposefully choosing a market on a continent in which Tesla strictly imports cars into. Tesla did not have a vehicle production factory in Europe in 2021, whereas VW has multiple. That will change this year with Tesla’s Giga Berlin factory once the German bureaucracy stops playing the protectionist game. You’ll see that Tesla’s delivery numbers will increase in Europe, as it has continued to over the years even without a factory on the continent.
Next, the small, pretty insignificant cherry that you picked, FCEVs. Fuel cell vehicles will not gain traction. Nobody wants them. Look at the sales of the Toyota Mirai and others. They are not desirable vehicles and hydrogen infrastructure buildout for passenger cars is not well supported at all, not even by Toyota. That’s why VW and other legacy automakers, as well as Chinese EV makers well on the rise, have chosen BEVs, not FCEVs. FCEVs are irrelevant.
Lastly, Musk’s “violent hate” “against working people” which is not even a cherry pick. This is BS that you conjured up. Musk is aware of the corruption that the UAW is blighted with. The UAW is the only union that has workers in auto manufacturing. They will never, ever allow another union to unionize auto manufacturing workers, because they are corrupt and seek to make more money for execs through increasing union due income by gaining more union members. The UAW would have slowed Tesla down, and possibly caused the bankruptcy of Tesla, even on purpose. Why? Because the truth is that the UAW did not want to see EVs take off. Tesla’s bankruptcy would have made the UAW happy, but now Tesla is in a very enviable position from the standpoint of the UAW and legacy auto. Legacy auto’s chances of bankruptcy, particularly GM’s, is quite notable, while Tesla’s chance of bankruptcy is now close to zero.
@Wayne of March 2, 11:34 am Pacific Time
———-
Why sales statistics of Germany?
Simple: Germany is the largest single national market in Europe, and the Motor Vehicle Authority (Kraftfahrtbundesamt : kba.de ) offers the best statistics on the automobile market.
The VW UP is only one single model which was in a number of months the best selling model in Germany, hindered because, as I said, by production limits, due to the semiconductor shortages.
So lets look at market shares of companies.
The VW and her subsidiaries has not only the largest market share in general, but also in BEV: 31.8%, of this VW brand alone at 20.3%.
Second also in general market share, also in BEV is Stellantis with together 12.9%, closely followed on third place Tesla with 11.2%.
(For VW and Stellantis I have added the percentages instead of calculating the overal percentage from the total, so that there might be differences due to rounding of the percents).
And the future? Is uncertain, as we know from Yogi Berra. I expect that Tesla will stay, just like Apple, as a cult around the guru Elon Musk, and that the relative market share will drop, since all other companies are throwing BEV and FCEV on the market, and they have more precence with dealers everywhere. Interesting what Carlos Taveres answered to a question on this competition at the end of the Q&A-period of the “Long Term Strategy” event, which you can watch from the stellantis dot com website (2 hrs).
Stellantis has also delivered the first FCEV supplied electric mid-size vans to fleet customers last year, and announced in the above mentioned event that the Fuel Cell shall also provide power in the large vans, which you know as the RAM ProMaster. BEV versions of that van are already available.
In relation to public institutions and the working class, Musk acts as a dictator “I am important, so no democracy must restrict my actions, I do as I please”. And he found cowards in the Brandenburg regional government who gave him one provisional building authorisation after the other, so that the factory is now ready, but its construction not authorized. I hope that the government finally musters a little courage at least and does not give the authorisation and orders the factory to be torn down and the forest restituted.
Musk as Bezos does not tolerate workers at their places to think for themselves as a class. I Grünheide, Musk could not prevent that union members are among the 2000 or so recruted workers, and organizes now a works council election where only the few hundred managers, all Musk cult followers are allowed to vote, because for the right to vote one must have a seniority of, I believe, 3 months. This “Betriebsrat” of only management people and cult followers is then to represent 10 or 12 thousand workers in the plant. An outrage is that. Are we back to Hitlers rule?
On the UAW: sure they are sellouts. But: If they wanted to promote only the “Big 3”, then why does the UAW not unionize the South?
__————-+——–
Addition on March 4:
• all market figures in this post are for the full year 2021.
• the overall market share of Tesla was 1.5%, slightly more than Mazda
Market share does not carry the weight it use to. Rona is what’s important. (Return on net assets)
They are focused on (profit) vehicles. Profits are higher than ever with reduced sales and lower market share.
Nothing wrong with a warm Island….
GM outselling Ford in trucks two years in a row.
They do realize that’s how you loose sales right??? I call Bull. Marry made the exact same claim when she first started. A year latter GM was producing high volumes of vehicles for high discount. They can’t do this without loosing sales to Ford, Stellantis…… so plain dumb this won’t happen.
Stellantis will prefer profits to market share. When PSA (which is now merged with FCA to form Stellantis) took over Opel and nearly all GM facilities in Europe, they forced the policy of profit over market share. 5 models or so were axed (especially those assembled at GM Korea), the market share dropped, but economy journalist praised the return to profit one or two years later, also after a lot of blood letting at the ITDC (International Technical Development Center), especially after the various ongoing development proyects for GM ran out.
So, with Tavares as the same CEO above Stellantis North America, expect that they prefer to not sell than sell with losses or minimal profit.
Also to keep up the residual value, which is intended to give the customer of a factory new car the confidence, that he will realise a good prices when he sells the car on the used car market.
The latest new car, the Alfa Romeo Tonale, is equipped with a Block-Chain secured record of all service and other events with the car, so that the buyer of the car as a used one can verify how the car was serviced, and the buyer of the new car, that the residual value of the car will by at least satisfactory.
The automobile industry is a-changing…
If this does happen, the life of a dealership as we know it will change dramatically. Smaller lots and fewer sales people. Service departments will become the core business and most of them do not deserve to survive. In the end – fewer dealers – and even higher prices.
Manufacturers are increasingly, to my perception, moving to an agency model of car sales.
The dealership model we are talking about resides on the dealer buying a car from the manufacturer and selling it to the final customer. Inbetween it is the dealer’s property.
The agency model of automobile sales means that the sales contract with the finaly customer is concluded between the end user and the manufacturer, the dealer acting only as sales agent, just like a real estate agent, who does not own the house or plot of land he sells, he is only negociating the contract with the customer on behalf of the manufacturer.
Actually fewer dealers means lower prices.
Online shopping like Carvana is the future & there’s more competition to come.
In Germany, too, more cars are bought by order with specific features as wished by the customer. This means also waiting times of several months, in the past even years.
Cars are seen and treated as a long time investment, nearly like building a house.
Easily saw this coming…Absolutely no reason to flood the market with vehicles only to offer huge rebates to move them off the lot. Manufacturers got a taste of selling less units for more profit…so why go back? Smart business move.
One reason….. as chips come back, you know Ford/stellantis are looking for sales. They will churn them out and take market share. Anyone remember the first thing Scary Mary promised when she was made CEO???? Cut incentives, higher ATP?????? What has happened since???? More incentives and more of the same. This is her giving her “SOTU” address… a whole lot of nothing and back patting
Steven you are correct, competition will force GM’s hand. One thing that would help push more customers to order vehicles would be to allow any incentives available at the time of ORDER to apply to the ordered purchase. Not knowing what the incentives would be two months down the road (or more) has prevented me from ordering a truck in the past.
Well said! I think you’re totally right
They say this, but they need to worry about making desirable cars if they think they can keep cashing in. People are paying a premium for a lot of junk they are peddling because no one has stock. We are already seeing them offer small discounts when other manufacturers are having no discounts or have dealers doing markups.
The reality is they want to keep their high profits but when inventory increases from other manufacturers someone is going to flinch first and want more market share. GMs products outside a very select few doesn’t command a premium.
We actually carry very little of what is considered ‘junk’ and mostly order Luxury, Full Sized Box Frame SUV and Trucks.
As for the standard SUV’s RS Equinox (looks decent easy to sell) (blacked out Terrains and Denalis again easy to sell and many customers enjoy the look)
I would rethink or redo the Blazer, Acadia, Traverse and Enclave.
“I would rethink or redo the Blazer, Acadia, Traverse and Enclave.”
All are inline for a refresh or re-do soon. Those are top selling vehicles they need to keep in and keep competitive with in their portfolio.
The Blazer definitely needs a redesign, it’s just a boring crossover that looks like every other crossover. The traverse is still their most popular SUV and they can’t keep them on the lot around me. Hell, the dealer has been hounding me for a year trying to buy our 2019 because they cant get enough. It definitely needs a small exterior refresh and a major interior refresh. Personally I think it’s a really good looking exterior.
well, remember this phrase, ‘ having a lot of money does not mean having good taste ‘ so …
well, remember this phrase, ‘ having a lot of money does not mean having good taste ‘ so …
BMW, Corvettesferraris, lamboghinis etc will continue to sell as coffee or coke in the bar at square corner
Greed, I’ll never pizza order my vehicles. At most a salesman would call a regional storage facility to see what car they have and bring it in. Not unless it’s a special muscle car or something I’m not waiting 6 months for a Malibu with a sunroof….
I think the whole point is GM will hold the inventory and not the dealer. The dealer doesn’t have to put money on the windshield for configurations that don’t sell off the lot. You will not have to wait for a vehicle to be built. It will just be shipped to your dealer of choice from a central location.
If that’s the case dealers need to stop using low inventory as an excuse not to accept discounts. I understand that it’s their choice but they need to say the real reason behind it instead of just saying low inventory numbers
My concern is this. We are in a instant gratification world today when we order from Amazon and even if it is delivered next day it is not soon enough for some even tracking the truck to the house.
Will people be willing to wait the 5 weeks if they want to get a specific vehicle?
I have always done the dealer search as generally what I want is sitting some place just waiting to be sold. It is not like the old days where options are line items.
No, they won’t be willing to wait. Which is why whoever the first manufacturer is to flood dealer’s lots will be the first one to steal customers from another manufacturer who chooses not to. My guess is Ford will have the leg up on GM when it comes to this.
Yep. Next new vehicle I purchase, it will be the one on the lot I get to sit in and test drive. You don’t have the vehicle I’m interested in on the lot for me to do this, I’ll find a different deal, or even manufacturer if i have too.
Having a test drive and some stuff in the showroom isn’t related to having 300 vehicles to support in inventory per dealership.
Actually, Ford too announced ” made to order” not to long ago. Seems like FCA or the others didn’t fall for the 10 months to order bait..
Goes to show you if it takes a pandemic to make them realize they were doing things so wrong before how incompetent they are
… yeah in a kind of ‘Just in Time’ … the Inventory can be very low.
1. You open Ebay or Amazon, the car is there
2. You pay with Amazon pay, for those 3 guys send rockets to sky 100 km high.
3. If you paid Prime, you receive you car in two days… if not you wait 7 days, but as you paid, Internet exists and all online arrives the Production line in GM or other and your car enter already the paint shop now
4. Truck comes and delivery it direct your home
5. you sign the bill, see all, makes a laugh, starts analysing… after 1 day you rewrite online the Retoure Form
So why inventory ?
They call this “pricing power”.
The power to impose prices on the potential customer, and refusing to give discounts.
When Mary Barra opens her mouth…
Usually a well planned Lie rolls out. It’s refreshing that a company that Kills so many Americans is headed by a woman. This teaches us that woman are great Liars, and Kills too.
She deserves her $20 Million Dollar Bonus.
Kills so many Americans? Explain this with a straight face and not from a one sides view as I have a heaping suspicion what ever you say will apply to all manufacturers. Sometimes people are just sexist. Guess we will know in short order which camp you come from…
Like the ignition switch fiasco? Let’s here the excuse you have for that.
Every single manufacturer has had different issues that have killed consumers. Sometimes, shitt happens and thats all.. unfortunately.
Nice I like excuse. Money makes everything on right? Gm paid their fine so who cares who died lmao what a douche.
A prediction about the future can’t be a lie. The events which could falsify, have not yet occured, the are hidden in future.
It can be erroneous, but not a lie. Predictions are a difficult undeetaking, especially when dealing with the future (it was Yogi Berra, I believe, who brought this enlightenment).
But more than a prediction, it is a statement of intention, that the manufacturer, ro increase its “pricing power*.
Don’t worry. When the sales start collapsing, they will offer massive rebates the same way they did in the past.
… WOW… ^^^and people says me is taking the drugs… well like women, most do not trust, but men do not trust too.
but between having a woman ( of course, those natural hairs, no fingers paint, no tattoo, no lipstick, no make-up at all, blonde with long hair, blue eyes, or green or grey eyes, those to be found in norway maybe, sweden, finland, latvia etc could be ok, non smoking of course ) and men with mustache, bart, piercings, tattoo, whisky, gin, tequila etc drinker do not trust too.
so. let’s say of course we do not have to trust in humans, only in animals sometimes, but humans are worse. So …
but it is valid for both, or the nowadays severals sexes, not only one side… everybody finally saying…
A Tree … let’s say we trust 99 %. No a Tree does not lie. Neither an animal. Only humans do.
Is it me or why is they only company building more manufacturing Tesla? Why is GM not increasing production? Could it possibly be they know there days are numbed and this would good for stock in the short term?
Their days aren’t numbered. What a dumb comment.
Of course not they would get bailed out again lmao.
I will not order a vehicle and wait.
You are being held captive.
Car comes in with the wrong specs?
What are you going to do wait again?
Comes in damaged?
They tell you wait time is now a year?
All after they have your money.
I refuse to do business this way
They don’t take your money first. You don’t pay a dime until the car you ordered arrives and meets your standards..
I totally believe what you’re saying.
But the last time I wanted a Toyota in a particular spec I had to put down a deposit.
It was a long time ago though.
You aren’t getting anything ordered without a $1k deposit.
Yeah, and you realize that deposit is refunded if you don’t approve of the car, right? I see you’ve never purchased a new car.
Dude who doesn’t know that!!! It actually didn’t need to be said. What’s your point?
You may be right for the very first purchase of a car.
But after that … wouldn’t you rather plan ahead, when the current car gets older and has more and more repairs, so you go and look what this and that manufacturer has to offer, chose one car, and order it, so that you have it in time, when your current car has run its time.
Unless you have an accident with a total crash, or the car has burned down, or has been stolen. But those events are rare events.
This might work out better for consumers. If you can order exactly what you want, and ditch some of the overpriced option packages GM loves to add to their cars, you might get exactly what you want at a better price with no haggling.
It’s fine to order if gm can deliver in 6 weeks. I ordered cars over the years and had no problem. That was the old days, however.
Their US sales won’t return to pre-pandemic levels either. Their sales have been on the decline since 2015. They’ll finally get an uptick in 2022 but only because 2021 was so bad.
They obviously don’t care about their shrinking sales volumes and customer base. Only higher ATP’s, margins and continuous cost cutting that’s all too obvious in many of their products.
CY GM sales, US
2015 3,067,705
2016 3,026,263
2017 2,986,737
2018 2,934,742
2019 2,870,165
2020 2,537,590
2021 2,269,963
So using that logic, Ford doesn’t care about their sales volumes. or market share either, right?
Ford* Share % GM Share %
2021 1,906,942 12.6 2,269,963 15.2
2020 2,045,265 13.9 2,537,590 17.3
2019 2,422,698 14.1 2,870,165 16.9
2018 2,497,318 14.3 2,934,742 16.9
2017 2,586,715 14.9 2,986,737 17.6
2016 2,614,697 14.8 3,026,263 17.3
2015 2,612,116 14.7 3,067,705 17.7
*includes Lincoln
Total sales share. Wondering what their share of the US retail sales are? That is where the larger profits are.
Apparently not..since they’re both losing share.
On the other hand, the my comment was focused on GM’s market performance because this site is called “GM AUTHORITY”.
Both Ford’ s and GM’s USA sales dropped 26% from 2015 to 2021. That means, according to your post, that “only higher ATP’s, margins and continuous cost cutting that’s all too obvious in many of their products.
To say GM will never go back to prepandemic levels is very naive. But that’s Mary Barra for you. Once the other manufacturers like Honda, Toyota, Nissan, etc. fill up their lots and it takes 6 weeks to buy a GM vehicle, Mary may change her mind.
QUOTE “However strong pricing and demand for vehicles, especially its full-size trucks and SUVs, helped GM generate a respectable $1.7 billion in income on $33.5 billion in revenue. “ UNQUOTE…
That means consumers can expect elevated prices at the GM dealer for the foreseeable future – especially as GM has little reason to leave those profits on the table at this point.
THANKS ALOT GM….Millions of Families are Struggling , The Economy is in the Tank, Inflation is at an all time High ,Gas has Skyrocketed, and We can now expect elevated prices at the Dealerships… Those Dodge and Ford Trucks are looking better and better .
All I know is I’ve been trying to order a truck for a year….even though the truck is sold GM dosen’t care about their customers, the dealership is only alotted what they can order….that really passes me off as a repeat customer!
Is there a particular item on your order that is on constraint and holding up the order ? A responsible dealer should be able to give you that information and allow you to change the order to expedite it. Have you tried having another dealer order it ?
I’ve been a Gm customer all my life I’ve ordered at least 12 new cars or trucks never ever had to put money down til now after 14 weeks I finally found out my trucks not going to be built what a long time for nothing . I knew this a month ago when the plants started the refreshed model it’s to bad no one informs you so you can go somewhere else sad