GM Q2 2022 YTD Sales of 1,095,247 vehicles, Off 11.7% Yet Market Share Improves

Discussion in 'In the News' started by xcel, Jul 19, 2022.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    [​IMG] Why? Sales to commercial, government and rental fleets grew 29% year-over-year.

    Wayne Gerdes – CleanMPG – July 1, 2022

    2023 Cadillac LYRIQ

    $62,990 to start and 312-miles of AER moving down the production line in Spring Hill, Tennessee.​

    GM sold 1,095,247 vehicles in the United States through the Q2 of 2022, despite YTD sales being down 11.7%. Within that sales decline, market share was up 1 point to an estimated 16.3%.

    By comparison, its main competitors found Toyota CYTD sales were down 19.1 percent to 1.045 million units through the first half of the year, Ford sold 915,820 new vehicles CYTD, down 8.1%, and Stellantis reached sales of 813,742, down 14.8 percent CYTD.

    GM Q2 Sales Highlights

    GM extended its leadership in full-size pickup truck retail market share for the 13th consecutive quarter, despite very low inventory, with 203,041 combined total sales of the Chevrolet Silverado and GMC Sierra. Their estimated retail market share was 44%. The Chevrolet Silverado remains the fastest growing full-size pickup truck in the industry, with Silverado HD recording its best first half in retail sales since 2007.

    This one could be a long-term Achilles heel as GM’s commercial, government and daily rental deliveries were up a combined 29%, with. Sales to commercial and government customers were 73% of the fleet sales mix.

    EV sales reached 7,300 plus units, including some of the first deliveries of the BrightDrop Zevo 600 and GMC HUMMER EV Pickup, as well as the resumption of Chevrolet Bolt EV and Bolt EUV production. The Cadillac LYRIQ production is accelerating, with initial deliveries now in process. Orders for the 2023 model year sold out within hours and preorders for the 2024 model opened on June 22.

    GM will gradually increase production of the Cadillac LYRIQ and GMC HUMMER EV Pickup in the second half of 2022. Ultium Cells LLC begins producing cells in Ohio to support expanded EV manufacturing starting in August.

    The second quarter SAAR was an estimated 13.4 million light vehicles compared to 17 million a year ago.

    U.S. Big 8 OEM First Half 2022 Sales Results
    1. GM Q2 2022 YTD Sales of 1,095,247 vehicles, Off 11.7% Yet Market Share Improves
    2. Ford Reports U.S. Sales of 915,820 Vehicles, down 8.1% in the First Half 2022
    3. FCA/Stellantis Reports U.S. Sales of 813,742 Vehicles, down 14.8% in the First Half 2022
    4. Honda Reports U.S. Sales of 506,207 Vehicles, down 39.3% in the First Half of 2022
    5. Nissan Reports U.S. Sales of 362,447 Vehicles, down 33.7% in the First Half of 2022
    6. Hyundai Reports U.S. Sales of 343,867 Vehicles, down 15.6% in the First Half of 2022
    7. Kia Reports U.S. Sales of 333,340 Vehicles, down 11.9% in the First Half of 2022
    8. Subaru Reports U.S. Sales of 263,795 Vehicles, down 17.9% in the First Half of 2022
    EdwinTheMagnificent and BillLin like this.
  2. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    Hi All:

    I should have included this breakout in the initial release a while ago.

    Bolt EV/EUV sales in the Q2 = 6,945, down 38.3 percent below the 11,263 sold through the same period of 2021. YTD sales of 7,303 is down 64.0 percent below the 20,288 sold through the same period of 2021. That stop sale really took the Bolt to the woodshed.

    The Hummer EV Pickup was picked up by 272 new owners in the Q2 and 371 YTD. While GM mentioned they would increase production of this monster, I am not sure there is that much demand despite the 65,000 pre-orders.

    2022 GMC/Hummer EV Pickup

    $84,650 for the 250-mile AER to $110,295 for the fully loaded 329-mile AER model + $1,995 D&H​


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