GM POSTS ITS BEST NOVEMBER U.S. SALES SINCE 2007
December 2, 2014 by General Motors![GM POSTS ITS BEST NOVEMBER U.S. SALES SINCE 2007](images/articleimages/gm_november-2014-sales-01-400.jpg)
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◾Silverado was up 24 percent, Tahoe was up 10 percent and Traverse was up 14 percent. ◾Dealers delivered 2,366 all-new Colorados, ahead of plan, with a low retail days supply of 21 days. GMC: ◾GMC was up 23 percent. ◾The Sierra was up 57 percent and the Yukon was up 14 percent. ◾The Terrain was up 13 percent and 854 all-new Canyons were delivered, which is ahead of plan. Buick: ◾Buick was up 27 percent. ◾Encore had a 72 percent sales increase, LaCrosse was up 71 percent and Verano was up 22 percent. Cadillac: ◾Cadillac Escalade deliveries were up 75 percent, with the retail days supply very tight at 16 days. ◾Sales of the CTS sedan increased 18 percent. Average Transaction Prices (ATPs): ◾GM has now posted 26 consecutive months of year-over-year average transaction price (ATP) increases on the strength of new pickup trucks, SUVs and Cadillacs. ◾ATPs were a record $35,600, according to J.D. Power PIN mid-month estimates, up $790 per unit compared to October and up $3,100 versus a year ago. Incentives: ◾Month over month, GM reduced incentive spending as a percentage of ATPs more than the industry average, according to PIN mid-month estimates, and the company has had the lowest incentives of all domestic automakers on an ATP basis in nine of the last 11 months. ◾GM's November incentive spending as a percentage of ATPs was 10.4 percent, down 1.2 points month over month, while industry average spending was 9.6 percent of ATP, down 0.1 points. ◾In November 2013, GM's incentive spending was 10.2 percent of ATP, and the industry average was 9.7 percent. Fleet and Commercial: ◾Fleet sales were up 11 percent. ◾Commercial sales were up 1 percent, marking the 13th consecutive month of year-over-year growth. ◾Large SUV commercial fleet sales were up 87 percent and full-size pickup commercial sales were up 47 percent.
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