GM Announces A 45 Percent Drop In Sales When Compared To September 2008

Miscellaneous | Dean | October 2, 2009 at 22:18

General Motors has released their financial status for the September 2009 month. We’re not going to lie, the figures don’t look good as the company only sold a total of 156,673 vehicles in September, which is a 45 percent drop when compared to the same period in 2008. The drop is then a 36 percent decline when compared to August, 2009.

GM blamed, or said, that the drop was due to the Cash for Clunkers program coming to an end, where some models are still doing well in the current market conditions.

“September was a tough transitional month for the industry, and a difficult year-over-year comparison for GM. Fortunately, the fourth quarter looks brighter and our year-over-year comparisons should look more favorable,” said Mark LaNeve, vice president, U.S. sales. “We have the Cadillac SRX, Buick LaCrosse, Chevrolet Equinox and GMC Terrain hitting dealerships right now, generating significant buyer interest, and we’re selling many of our launch vehicles as soon as they hit dealers’ lots.”

Buick sales have removed strong in the US, where sales increased by 50 percent when compared to August, 2009.

“As expected, the market returned to pre-Cash for Clunkers levels in September, but we believe that our four core brands – Chevrolet, GMC, Buick and Cadillac – are well positioned with new products to generate enthusiasm with our 60-Day Satisfaction Guarantee and ‘May the Best Car Win’ marketing campaigns,” he continued. “We’re gearing-up fourth quarter production to replenish depleted dealer stocks and improve availability of our vehicles for customers.”