General Moters Financial
Essay title: General Moters Financial
Financial Information
GM dealers sold 558,092 cars and trucks in June of 2005 up 41% compared to June of 2004. Gm had the best monthly sales since September 1986. The calendar year to date sales are up 2.5% for the 2005 year. Sales were spiked by GMs “Employee discount for everyone.” “We are confident that are employee discount program would hit a responsive cord, but we were a little surprised by just how strong the results were, including bringing over one hundred and fifty thousand new customers into the GM family in June. This definitely moves us in the right direction as we gear to introduce our 2006 models,” says Mark LaNeve, GM vice president of sales and marketing.
GM of North America in June of 2005 produced 416,000 vehicles compared to 482,000 vehicles in June of 2004. GM had too much inventory and had to run an incentive program that worked. Globally GM has been an industry leader since 1931 and was founded in 1908. GM employs 321,000 individuals world wide. GM has Manufacturing operations in 32 countries and sells vehicles in 200 countries. In 2004 GM sold nearly 9 million vehicles globally.