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GasBuddy News Article

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Most sales since '07 shadowed by GM unsold truck inventory

Delaware Online -- The best year for U.S. auto sales since 2007 hasn’t been enough to boost General Motors Co.’s shares. One reason is dealership lots such as Dave Gill Chevrolet in Columbus, Ohio, that are overstocked with trucks.

GM said it entered July with more than five months’ supply of full-size pickups, the most since April 2009, according to researcher Ward’s Auto. This isn’t entirely accidental: Detroit- based GM wants a stockpile to carry it through the change to a new design next year. That plan may backfire if the segment’s sales remain below those assumed at the start of the year.

“I don’t know what our store’s days’ supply is; it’s probably embarrassingly high,” Matt Ringlien, a sales manager at the Chevy store in Columbus, said in a telephone interview.


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Submitted Aug 07, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Most sales since '07 shadowed by GM unsold truck inventory Back to Topics
REPLIES (newest first) Post a Reply
OriginalBudman
Champion Author Barrie

Posts:12,493
Points:2,940,120
Joined:Apr 2006
Message Posted: Aug 10, 2012 8:27:22 PM

The economy is getting better, folks.
PTBpricer
Champion Author Virginia

Posts:7,191
Points:751,725
Joined:Jun 2012
Message Posted: Aug 8, 2012 9:23:22 AM

Somebody made a stupid decision at GM.
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Aug 7, 2012 11:23:21 PM

Why continue to make trucks? Get orders first before making them. Require a minimum of 200 - 400 trucks to begin assembly.
pgerassi
Champion Author Milwaukee

Posts:14,292
Points:2,941,545
Joined:Apr 2007
Message Posted: Aug 7, 2012 11:23:02 PM

If management refuses to see the big picture, too high TCOs for pickups, they should be fired and replaced with those that will lower the too high prices, design for repairability, and tell masrketing that power just doesn't sell against better MPG while doing the job.
METEOR49
Champion Author Ontario

Posts:5,570
Points:1,268,460
Joined:Apr 2011
Message Posted: Aug 7, 2012 11:21:25 PM

WHY BUY A NEW TRUCK IF YOU CAN'T AFFORD TO PUT GAS IN IT. PIG OIL WILL PUT US INTO DEPRESSION .
Badmoon
Champion Author Massachusetts

Posts:11,700
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Message Posted: Aug 7, 2012 11:20:23 PM

Economy still bad.
Dremwolf
Veteran Author Jacksonville

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Points:94,370
Joined:May 2008
Message Posted: Aug 7, 2012 11:17:58 PM

Heck wish I could afford a new vehicle, might find a great deal out there.
boatfloyd
Champion Author Jacksonville

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Points:1,201,040
Joined:Mar 2012
Message Posted: Aug 7, 2012 11:14:56 PM

GM stock is way down.
heartbroken2010
Champion Author Ottawa

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Joined:Aug 2010
Message Posted: Aug 7, 2012 11:14:03 PM

trucks are not cheap to drive these days . a fill-up really hurts the pocket book.
g747
Champion Author Mobile

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Message Posted: Aug 7, 2012 11:13:56 PM

Drastically reduce those high prices,no gimmicks!!!!!!.
crreed1
Champion Author West Virginia

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Message Posted: Aug 7, 2012 11:13:46 PM

no jobs
no can buy
rawdog1313
Champion Author Lexington

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Message Posted: Aug 7, 2012 11:11:46 PM

Make them affordable and dependable and they will sell.
Bigwaynef
Champion Author South Carolina

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Message Posted: Aug 7, 2012 11:11:40 PM

Hell I couldn't afford to fill it up...
Number43
Champion Author Lexington

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Message Posted: Aug 7, 2012 11:09:21 PM

Maybe they are overprice.
Number43
Champion Author Lexington

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Message Posted: Aug 7, 2012 11:08:22 PM

I would to have a GM truck but I can't afford it.
SavALot
Champion Author Virginia Beach

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Message Posted: Aug 7, 2012 11:07:18 PM

Not really a huge interest in GM trucks
LanguageMan1
Champion Author Tampa

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Message Posted: Aug 7, 2012 11:06:34 PM

What a shame, and that's greed for ya as that's what it amounts to being.
TIGERPAW46
Champion Author Florida

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Points:2,150,705
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Message Posted: Aug 7, 2012 11:06:13 PM

I recall an article within the last couple months saying trucks for some companies were there biggest sales recently. If so then people must not have liked GM's trucks.
HEBster
Champion Author Kentucky

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Message Posted: Aug 7, 2012 11:06:01 PM

Wasn't aware of this
humblepie
Champion Author Toledo

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Message Posted: Aug 7, 2012 11:05:16 PM

same old gm
Blue_Cruzer
Champion Author Lexington

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Message Posted: Aug 7, 2012 11:04:45 PM

Interesting article.
jem069
Champion Author Detroit

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Message Posted: Aug 7, 2012 11:04:28 PM

ok
TIGERPAW46
Champion Author Florida

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Message Posted: Aug 7, 2012 11:04:24 PM

Exaggerated hype on years sales.
cheapchickKY
Champion Author Lexington

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Message Posted: Aug 7, 2012 11:04:14 PM

Wonder if all truck sales are down, or just GM?
Toppers
Champion Author Atlanta

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Message Posted: Aug 7, 2012 11:04:09 PM

Hope we're not unloadin' them anytime soon
carloco75
Champion Author Richmond

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Message Posted: Aug 7, 2012 11:02:54 PM

Oopsy...convert them to natural gas and sell them to governments...
rahcat
Champion Author Grand Rapids

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Message Posted: Aug 7, 2012 11:01:00 PM

Sell 'em to Obama.
FlyNFool
Champion Author South Carolina

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Joined:Aug 2008
Message Posted: Aug 7, 2012 10:59:14 PM

Not good
dabbadu
Champion Author New York

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Joined:Feb 2011
Message Posted: Aug 7, 2012 10:58:09 PM

Looks like they still haven't been able to wean themselves from their dependence on big-truck/SUV crack.
bonzoonfmb
Champion Author Florida

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Joined:Feb 2010
Message Posted: Aug 7, 2012 10:49:06 PM

Either poor forecasting and planning or just the cyclical nature of demand.

tl;dr
goldrose1
Champion Author Cleveland

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Message Posted: Aug 7, 2012 10:49:04 PM

hummmmmm
CAroadrunner101
Champion Author California

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Message Posted: Aug 7, 2012 10:45:36 PM

hmmm...
saleboss
Champion Author Phoenix

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Message Posted: Aug 7, 2012 10:43:56 PM

No wonder the government owns a controling interest, with moves like that!
humblepie
Champion Author Toledo

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Message Posted: Aug 7, 2012 10:41:30 PM

another gm shrewd move
HawaiianGuy
Champion Author Idaho

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Message Posted: Aug 7, 2012 10:35:41 PM

As usual, GM is going to make the wrong call. It's their middle name.
walkingtall
Champion Author Toronto

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Message Posted: Aug 7, 2012 10:34:54 PM

Good luck!
serrog
Champion Author Nova Scotia

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Joined:Oct 2008
Message Posted: Aug 7, 2012 10:28:58 PM

ok
rxman1
Champion Author Toledo

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Message Posted: Aug 7, 2012 10:28:22 PM

Unless you need a truck, today's gas prices will slow sales.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Aug 7, 2012 10:24:43 PM

They need to increase the MPG on these trucks or they are going continue to sit.
LostToo
Champion Author Illinois

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Joined:May 2009
Message Posted: Aug 7, 2012 10:24:33 PM

BULLLLLLL....! That sale manager doesn't know the numbers? Wrong! That would be part of his job. Don't you think?
wayoung56
Champion Author Alabama

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Message Posted: Aug 7, 2012 10:24:23 PM

Ooops! The GM Truck ads aren't selling gas guzzlers...
txkrb
Champion Author Texas

Posts:2,872
Points:1,369,535
Joined:May 2011
Message Posted: Aug 7, 2012 10:24:15 PM

The new design is next model year, not next year
New model year vehicles come out in the fall
If the changeover to build the new models has not already started it will by September
nimpy
Champion Author Indianapolis

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Message Posted: Aug 7, 2012 10:22:06 PM

It was bound to happen
DustyHorse
Champion Author Virginia

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Message Posted: Aug 7, 2012 10:20:34 PM

Good luck but I don't need a gas guzzling truck.
TxPDawg
Champion Author Austin

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Points:1,078,705
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Message Posted: Aug 7, 2012 10:19:29 PM

Good luck with that idea MG..
REKEY
Champion Author South Carolina

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Message Posted: Aug 7, 2012 10:15:07 PM

Everyone got a little wiser!
SaturnSC
Champion Author Columbus

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Message Posted: Aug 7, 2012 10:14:09 PM

Who wants trucks?
kcboy
Champion Author Utah

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Message Posted: Aug 7, 2012 10:10:53 PM

ok
Mustache_33
All-Star Author Toronto

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Joined:May 2012
Message Posted: Aug 7, 2012 10:10:11 PM

hmm
clermont40miles
Champion Author Cincinnati

Posts:14,844
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Joined:Apr 2008
Message Posted: Aug 7, 2012 10:07:33 PM

Government Motors will just tell BHO & Co. to have the military and Post Office to buy trucks.

More bail out. More waste. More buying of union jobs and votes.

More cronyism, corruption and clowns behaving badly.
sillywagon
Champion Author New York

Posts:20,963
Points:2,254,620
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Message Posted: Aug 7, 2012 10:05:30 PM

This is bad news for Government Motors. Full size pickup trucks are the most profitable vehicles. If they have trouble selling trucks profitably... will Government Motors be able to remain profitable?
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