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GM FastLane: One More Thing About January ...


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By Bob Lutz

GM Vice Chairman

You’ve already heard about our financial results for 2007. Yes, we posted a sizable loss, but it was not a surprise. As Rick Wagoner noted this morning, almost all of that loss was attributed to a special charge in the third quarter.

Right now, though, I want to share some little-noticed facts about our January sales.

As you may or may not know, General Motors was one of the few automakers to show an overall sales gain in January, 2.1 percent. However, the big story to us, and it’s one I’ve not seen widely reported, was our 11.2 percent in retail sales.</p>

We had a large, and planned, reduction in fleet sales, most of that to daily rental fleets. And yet to do what we did on the fleet side and still see an increase in overall sales means only one thing… retail sales are up. And that’s exactly what we want to see.

I haven’t read a lot about it… in fact today I just read a story about how Impala sales are “sinking” because of the reduction in sales to daily rentals. While that may be true, technically, the real story, I think, is that in January, Impala retail sales were up 44 percent over last January. That’s an astounding number, one that bodes well for Impala and for Chevrolet.

http://fastlane.gmblogs.com/archives/2008/...re_thing_1.html

Bruce

2023 Cadillac CT4-V Blackwing

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