GM tops Toyota in Q2 global sales, trails for 1st 6 months
GM tops Toyota in Q2 global sales, trails for 1st 6 months
DETROIT (AP) -- General Motors Corp. pulled ahead of Toyota Motor Corp. in global sales for the second quarter of 2007 but remained No. 2 for the first half of the year, according to preliminary figures released by the rival automakers.
GM said Thursday it sold 2.41 million vehicles worldwide in April-June 2007, while Toyota said Friday that it sold 2.37 million.
For the first quarter, Japan's leading automaker said it sold more cars and trucks than America's top automaker for the first time ever - 2.35 million to GM's 2.27 million.
For the first half of 2007, Toyota's reported global sales totaled 4.72 million, compared with GM's 4.67 million.
GM said strong growth in Latin America, Asia and other emerging markets lifted global sales by 0.4 percent from 2006's second quarter total of 2.40 million.
"We're on track to have our second-best annual sales performance in our almost 100-year history," John Middlebrook, GM's vice president for global sales, said in a statement.
GM's sales in Latin America, Africa and the Middle East grew 19.7 percent, while sales in Asia rose 8.2 percent. Sales in Europe rose 4.7 percent, while sales in North American fell 7 percent.
"Three of four regions are on record paces this year," Paul Ballew, GM's executive director of global market and industry analysis, said in a conference call with reporters and industry analysts.
GM said second-quarter vehicle sales outside the U.S. were a record 1.39 million, accounting for about 58 percent of GM's global sales. That's up nearly 8 percent compared with the second quarter of 2006.
U.S. sales, Ballew noted, continued to feel the effects of high gas prices and the weak housing market. GM also is weaning itself from low-profit sales to rental car companies.
But GM noted that its Saturn brand continued to grow in the U.S. and Canada, up nearly 27 percent based in part on sales of the Sky roadster, the Aura mid-sized car and the Outlook crossover.
GM shares fell 62 cents, or 1.7 percent, to $35.38 in regular trading.
GM has been the world's largest automaker for 76 years.
The title of the world's No. 1 automaker depends on annual worldwide vehicle production, rather than sales, so that distinction won't be determined until production numbers are released for the entire year.
http://hosted.ap.org/dynamic/stories...MPLATE=DEFAULT
GM said Thursday it sold 2.41 million vehicles worldwide in April-June 2007, while Toyota said Friday that it sold 2.37 million.
For the first quarter, Japan's leading automaker said it sold more cars and trucks than America's top automaker for the first time ever - 2.35 million to GM's 2.27 million.
For the first half of 2007, Toyota's reported global sales totaled 4.72 million, compared with GM's 4.67 million.
GM said strong growth in Latin America, Asia and other emerging markets lifted global sales by 0.4 percent from 2006's second quarter total of 2.40 million.
"We're on track to have our second-best annual sales performance in our almost 100-year history," John Middlebrook, GM's vice president for global sales, said in a statement.
GM's sales in Latin America, Africa and the Middle East grew 19.7 percent, while sales in Asia rose 8.2 percent. Sales in Europe rose 4.7 percent, while sales in North American fell 7 percent.
"Three of four regions are on record paces this year," Paul Ballew, GM's executive director of global market and industry analysis, said in a conference call with reporters and industry analysts.
GM said second-quarter vehicle sales outside the U.S. were a record 1.39 million, accounting for about 58 percent of GM's global sales. That's up nearly 8 percent compared with the second quarter of 2006.
U.S. sales, Ballew noted, continued to feel the effects of high gas prices and the weak housing market. GM also is weaning itself from low-profit sales to rental car companies.
But GM noted that its Saturn brand continued to grow in the U.S. and Canada, up nearly 27 percent based in part on sales of the Sky roadster, the Aura mid-sized car and the Outlook crossover.
GM shares fell 62 cents, or 1.7 percent, to $35.38 in regular trading.
GM has been the world's largest automaker for 76 years.
The title of the world's No. 1 automaker depends on annual worldwide vehicle production, rather than sales, so that distinction won't be determined until production numbers are released for the entire year.
http://hosted.ap.org/dynamic/stories...MPLATE=DEFAULT
Meanwhile, in other news...
U.S. casts shadow on GM global surge
General Motors Corp. is shattering sales records, besting competitors and making money almost everywhere in the world.
Those successes will amount to little, however, if the automaker can't resuscitate sales in its money-losing North American operation -- something GM says isn't likely until at least 2008.
GM sold 2.4 million vehicles around the world in the second quarter, with 1.4 million of those cars and trucks going to consumers outside the United States, according to sales data released Thursday.
On a worldwide basis, 2007 is shaping up to be the second-best sales year in GM's history. Take the United States out of the equation, and GM shattered its quarterly sales record.
But the United States is anything but out of the equation.
"You cannot be profitable as an auto manufacturer without being successful in the U.S.," GM sales analyst Paul Ballew said Thursday. "It's still the biggest, most important market."
Ballew said the United States will be the auto industry's biggest profit center for the remainder of the decade. While he expects GM's U.S. sales performance to improve in July compared to June, when demand fell 21 percent, he doesn't predict a significant rebound until next year.
http://www.detnews.com/apps/pbcs.dll...TO01/707200409
General Motors Corp. is shattering sales records, besting competitors and making money almost everywhere in the world.
Those successes will amount to little, however, if the automaker can't resuscitate sales in its money-losing North American operation -- something GM says isn't likely until at least 2008.
GM sold 2.4 million vehicles around the world in the second quarter, with 1.4 million of those cars and trucks going to consumers outside the United States, according to sales data released Thursday.
On a worldwide basis, 2007 is shaping up to be the second-best sales year in GM's history. Take the United States out of the equation, and GM shattered its quarterly sales record.
But the United States is anything but out of the equation.
"You cannot be profitable as an auto manufacturer without being successful in the U.S.," GM sales analyst Paul Ballew said Thursday. "It's still the biggest, most important market."
Ballew said the United States will be the auto industry's biggest profit center for the remainder of the decade. While he expects GM's U.S. sales performance to improve in July compared to June, when demand fell 21 percent, he doesn't predict a significant rebound until next year.
http://www.detnews.com/apps/pbcs.dll...TO01/707200409
It all stands to reason though... Look at the Holden lineup and look at the mid-eastern lineup. Then look at the current cars like the Impala. It, at best, is Chevy's version of an Import car.
The only way they can get Americans back in American cars is to start making the "regular" cars with a heartbeat again. The new Malibu looks to be more of the same AKAIC. Nicer none the less though...
The only way they can get Americans back in American cars is to start making the "regular" cars with a heartbeat again. The new Malibu looks to be more of the same AKAIC. Nicer none the less though...
Thread
Thread Starter
Forum
Replies
Last Post
dbusch22
Forced Induction
6
Oct 31, 2016 11:09 AM
NewsBot
2010 - 2015 Camaro News, Sightings, Pictures, and Multimedia
0
Dec 3, 2014 12:30 PM



