General Motors Co. (NYSE: GM) dealerships delivered 738,638 vehicles in the United States in the third quarter of 2019, an increase of 6.3% compared to the third quarter of 2018. GM’s fleet mix of total sales was 19.5 %, down 0.3%, year over year. End of September inventory was 759,633 units. Thus far the GM UAW strike has had little effect on sales.
The strike has GM losing money, but not really losing sales, yet. Click to Enlarge.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
As of today GM has lost nearly 165,000 units of production, as 15 of its 18 vehicle assembly plants are shut down. The two others, San Luis Potosí and Ramos Arizpe, may close this week due to a lack of parts. GM is currently losing more than 10,000 units per day. Once the strike ends, it may still take up to a week to get the parts pipeline going again. LMC says it is likely looking at a loss of well over 200,000 vehicles.
The most probable resolution is now late October if (editor – BIG IF) it does not go into November if the UAW switched to negotiations with Ford Motor.
General Motors Co. (NYSE: GM) stock price measured since its close the Friday before the strike has fallen ~11.5% to ~$34.38. The Dow Jones Industrial Average is down ~4.2%.