Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Corporation    GM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

General Motors Company : Chevrolet October Sales Continues Strong Momentum

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2012 | 12:08pm CET
Chevrolet October Sales Continues Strong Momentum Thu, Nov 8 2012
  • Retail unit sales in October at 6,707(best October in Chevrolet Thailand history)
  • Total sales increase 252%  compared to same period in 2011  
  • Sonic sales increased 18% over September
  • New dealerships opening in Q4 demonstrates Chevrolet strength in the market

Bangkok, Thailand - Chevrolet continues the strong sales momentum in the fourth quarter, selling 6,707 units in October, bring the total vehicles sold since the beginning of 2012 to 59,652 - representing a 252% increase compared to the same period in 2011.

The new,  sporty, five-door hatchback version of the Sonic began shipping to dealers from the Rayong manufacturing facility at the end of September, boosting sales of Chevrolet's latest model by 18% during the month of October.  The aerodynamic lines, motorbike-inspired design, and better fuel efficiency allows it to compete with the best subcompacts on the market today.  Chevrolet will also begin offering a limited edition Cruze in a special Ivory White color in November.

The Colorado continues to lead Chevrolet sales in the domestic market with 2,829 units sold.   The Captiva sold 663 units while the Trailblazer, sold 788 units nationwide.

Chevrolet also welcomed a new dealership to the Northeast region of Kohn Kaen in October, making KonkaenPijitPhet Motor Car Co, Ltd the 90th Chevrolet dealer in Thailand.  Chevrolet expects to rapidly increase the number of dealerships in Thailand, with plans to have a total of 110 dealers by the end of 2013. 

"Chevrolet continues to experience a strong momentum in domestic sales," said Antonio Zara, Vice President Sales, Marketing and After Sales GM Thailand.  "With the recent launch of the Sonic hatchback; the opening of the new Chevrolet dealership in the Khon Kaen region, and plans to continue expanding our dealer network across the country, Chevrolet's performance and brand strength will continue to grow beyond our expectations."

Chevrolet's market share in the Southeast Asia region has nearly tripled to 2.9% from 1.4% in October 2011. This represents 7,730 cars sold last month in total. Best performers are Indonesia with 411 units including the new Aveo launch; Malaysia with 156 units; the Philippines with 300 units including the Trailblazer launch; and Singapore with 126 units.

###

About Chevrolet Sales (Thailand) Limited

Chevrolet Sales Thailand (Chevrolet) Limited was established on January 1, 2000, as a subsidiary of General Motors, one of the largest automakers in the world. The first vehicle introduced was the Chevrolet Zafira, the first multipurpose vehicle (MPV) launched in the Thai market. Today, Chevrolet has a comprehensive range of vehicles, including the Sonic, Aveo CNG, Cruze, Captiva, Colorado and Trailblazer. Chevrolet is committed to offering the best cars and trucks to its customers in terms of quality, performance and fuel economy. The company is equally committed to ensuring second-to-none aftersales service for its customers, backed by a growing dealer network in Thailand and Southeast Asia.

###

About Chevrolet

Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4 million cars and trucks a year.  Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design, and high quality.www.chevrolet.com.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL MOTORS CORPORATION
02:08p GM sees 2018 earnings flat, with pickups picking up in 2019
02:04p GENERAL MOTORS : GM sees 2017 EPS near top of target, 2018 'in line' with 2017
02:01p GENERAL MOTORS : GM Forecasts Strong Earnings in 2018
01:53p GENERAL MOTORS CO : Results of Operations and Financial Condition, Financial Sta..
08:48a GENERAL MOTORS : Chevrolet Aims to Make Trucks Handsomer -- WSJ
01/15 Fiat Chrysler CEO says no plans to sell brands to Chinese
01/15 Fiat Chrysler CEO says no plans to sell brands to Chinese
01/15 Game of chicken - GM bets on Mexican-made pickup trucks
01/15 GAME OF CHICKEN : GM bets on Mexican-made pickup trucks
01/15 U.S. automakers bet on diesel trucks after VW scandal
More news
News from SeekingAlpha
08:09a GM higher after guidance update
07:11a WALL STREET BREAKFAST : More Records In Store For Equities
01/15 Will GM Beat Tesla To Market For An Electric Pickup Truck?
01/15 ROAD TO FINANCIAL INDEPENDENCE : My December 88-Stock Portfolio Review
01/15 GM autonomous car request under review
Financials ($)
Sales 2017 146 B
EBIT 2017 12 295 M
Net income 2017 7 045 M
Finance 2017 5 643 M
Yield 2017 3,55%
P/E ratio 2017 10,93
P/E ratio 2018 7,42
EV / Sales 2017 0,39x
EV / Sales 2018 0,40x
Capitalization 62 597 M
Chart GENERAL MOTORS CORPORATION
Duration : Period :
General Motors Corporation Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Technical analysis trends GENERAL MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 46,8 $
Spread / Average Target 6,3%
EPS Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
Carol M. Stephenson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MOTORS CORPORATION7.51%62 597
TOYOTA MOTOR CORP4.84%225 320
VOLKSWAGEN8.03%111 129
DAIMLER4.77%97 187
BAYERISCHE MOTOREN WERKE3.43%71 542
HONDA MOTOR CO LTD1.43%65 068