GM Reports First Annual Profit Since 2004; TrueCar.com Analyzes Data
SANTA MONICA, Calif. Feb. 24, 2011 TrueCar.com
http://photos.prnewswire.com/prnh/20110210/LA46033LOGO
$34,149 $31,906 $3,397 $3,587
Jesse Toprak
General |
Unit |
Market |
Average |
Average |
Fleet Sales |
Days In |
|
2009 |
2,063,069 |
19.8% |
$31,906 |
$3,587 |
24.5% |
94 |
|
2010 |
2,211,091 |
19.1% |
$34,149 |
$3,397 |
28.7% |
60 |
|
Year Over Year (2010 vs. 2009) |
7.2% |
-0.7% |
7.0% |
-5.3% |
|||
General |
Unit Sales |
Market |
Days In |
Average |
Average |
|
Full Year 2009 |
1,803,063 |
17.3% |
94 |
$31,545 |
$3,584 |
|
Full Year 2010 |
2,199,399 |
19.0% |
60 |
$32,735 |
$3,392 |
|
Year Over Year (2010 vs. 2009) |
22.0% |
1.7% |
3.8% |
-5.4% |
||
Industry |
Unit Sales |
Days In |
Average |
Average |
Fleet Sales |
|
Full Year 2009 |
10,424,800 |
62 |
$27,707 |
$2,770 |
17.0% |
|
Full Year 2010 |
11,583,045 |
49 |
$29,182 |
$2,722 |
20.3% |
|
Year Over Year (2010 vs. 2009) |
11.1% |
5.3% |
-1.7% |
|||
"The sky is the limit for GM after becoming profitable at this low of a sales pace," added Toprak.
Among the brands, Buick, Cadillac, Chevrolet and GMC all saw their unit sales increase by double digit percentages while incentive spending also decreased for each brand for 2010. Only Cadillac saw a decrease in transaction price in 2010 compared to 2009.
Buick |
Unit Sales |
Market |
Days In |
Average |
Average |
Average |
|
Full Year 2009 |
102,306 |
1.0% |
81 |
$34,395 |
$3,712 |
62 |
|
Full Year 2010 |
155,389 |
1.3% |
39 |
$36,512 |
$3,093 |
61 |
|
Year Over Year (2010 vs 2009) |
51.9% |
0.3% |
6.2% |
-16.7% |
|||
Cadillac |
Unit Sales |
Market |
Days In |
Average |
Average |
Average |
|
Full Year 2009 |
109,092 |
1.1% |
87 |
$49,017 |
$5,217 |
57 |
|
Full Year 2010 |
146,925 |
1.3% |
47 |
$48,212 |
$4,580 |
57 |
|
Year Over Year (2010 vs 2009) |
34.7% |
0.2% |
-1.6% |
-12.2% |
|||
Chevrolet |
Unit Sales |
Market |
Days In |
Average |
Average |
Average |
|
Full Year 2009 |
1,338,612 |
12.8% |
98 |
$28,886 |
$3,326 |
52 |
|
Full Year 2010 |
1,563,881 |
13.5% |
67 |
$29,908 |
$3,237 |
51 |
|
Year Over Year (2010 vs 2009) |
16.8% |
0.7% |
3.5% |
-2.7% |
|||
GMC |
Unit Sales |
Market |
Days In |
Average |
Average |
Average |
|
Full Year 2009 |
253,053 |
2.5% |
81 |
$36,924 |
$4,193 |
49 |
|
Full Year 2010 |
333,204 |
2.9% |
46 |
$37,416 |
$3,732 |
50 |
|
|
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