GM Discusses Sales Figures on Conference Call: Sees 10-15% Rise in November

November 19, 2009 3:59 PM EST

GM's sales analyst, Mike Digiovanni, and US sales chief, Susan Docherty, are making some interesting comments on a conference call currently going on:

• GM is encouraged by the US economy strengthening
  
• confident the US economy is coming back
  
• sees sales rising 10-15% in November
  
• the sales increase is from Chevy, Cadillac, Buick and GMC brands
  
• could see its fourth consecutive month of share gains
  
• the newest models are gaining share in key coastal markets
  
• demand is strong for the Equinox, Enclave and Sierra pickup
  
• estimating a November industry sales rate of 11 million
  
• GM says resale value is the top reason consumers reject its models
  
• says "closing in on our competition" on resale value
  
• Camaro has best resale value among sports cars
  
• 75 days supply of vehicles
  
• fleet sales and daily rental sales are down 40%
  
• selling fewer than 250,000 vehicles to rental fleets
  
• has cut incentives $300 per vehicle in the last year
  
• average transaction prices up 15% over last year, vs. the 6% rise in the auto industry's average transaction
  
• rising house starts next year will help pickup truck sales
  
• leasing rate is 2%, below 7-10% goal, vs. the industry average of 13%

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