Any time you have new product, you get better pricing. |
Been there, done that, and I know what the ending looks like. That's not good for our brands and customers. |
Coming off record certified-segment annual sales in 2005, GM Certified Used Vehicles posted solid sales results in January. GM Certified continues to lead all manufacturers in the certified category, and we are optimistic about the prospects for continued growth in 2006. |
Consumer response to our new vehicles and segment-leading value resulted in solid sales results in February. Our retail sales improvement in February was driven by our industry-leading value, not by fleet sales or high incentives. This resulted in better retail sales performance by six of our divisions. |
Consumers won't need a calculator to figure out the great prices available during the Red Tag Event. All they have to do is look for the red tag posted on our award winning lineup of cars and trucks. They won't pay a penny more than the low price they see on the red tag of the vehicle. It's a great offer and clearly the smart way to buy a vehicle this holiday season. |
Dealers tell us they can't keep them on the lot, with vehicles staying in inventory less than a week on average. |
Dealers, consumers and third parties have reacted very enthusiastically to these segment-leading new vehicles. Sales, production, inventory turn rates and dealer orders are all ahead of plan. It's January, it's early, but we're optimistic that these great new products will be successful. |
Given that the industry came in somewhat below our initial expectations, we are pleased that our retail sales were in line with the targets established in our North America turnaround plan. |
Given the strong consumer demand for these great new vehicles, we're feeling good about our decision to increase and pull ahead production. |
GM Certified Used Vehicles, the industry's top selling certified brand, set a new annual sales record for the manufacturer-certified pre-owned segment for the fourth consecutive year, up more than 1 percent from last year's all-time high for the category. Certified GM brands again led all manufacturers with 2005 sales of 532,379 units, and we look forward to growing our leadership position in the certified segment in 2006. |
GM is proud to support Cure Autism Now's innovative research programs and partner with an organization that is aggressively working to make a better life for individuals affected by autism. WALK NOW events provide a wonderful venue for Chevrolet to highlight our commitment to families and to showcase new products such as the hot HHR crossover. The Gala is a once-in-a-lifetime opportunity for us to align the Cadillac brand with a marquee event, celebrating a ground-breaking organization. |
Hindsight being 20/20, I probably wouldn't have done it. |
It's early, but we're optimistic these great new products will be successful. |
It's fair to say we haven't been real tightly focused on what segments we wanted to compete in. |
It's still early, but we're exceeding all of the important targets for our new full-size SUVs, particularly the (Chevrolet) Tahoe, which is the first one to arrive in dealerships. |