S&P 500
7,291.60
+0.21%
Dow Jones
49,439.90
+0.25%
Nasdaq 100
28,239.50
+0.44%
Russell 2000
2,851.62
+0.35%
FTSE 100
10,335.20
+0.68%
Nikkei 225
61,282.50
+0.92%

Cars and Drivers

GM’s (GM) Excellent Adventure

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Robert Nardelli, Home Deport (HD) exile and current CEO of Chrysler, may be wishing he stayed in retirement. His new company lead the decline in domestic car sales in January. Chrysler sales fell 12% to 137,392.

The only company which had a good month was the largest one, GM. Its sales moved up 2.6%. Some of the company’s fuel-efficient cars sold especially well, lead by the new Malibu and Cobalt.

The huge bleed in US car sales did not end because GM had a good month. On an annualized basis cars are selling the rate of 15.3 million, which would be a disaster if its continues through the year. It could take $25 billion in vehicle sales out of the American market in 2008.

Pick-up truck sales, profitable to all of the car companies, continued to fall. Sales of hybrids continued to surge.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Paul Ausick |

Toyota, GM Report Double-Digit Sales Increases

courtesy of General MotorsFollowing the path set out earlier by Ford Motor Co. (NYSE: F) and Chrysler Group, General Motors Co. (NYSE:…
Paul Ausick |

July Auto Sales Winners and Loser

courtesy of General MotorsNew light vehicle sales in July did not match the high expectations that analysts had for the…
Paul Ausick |

Chrysler Leads Carmakers’ Stock Higher

FCA, as Chrysler is now called, set a new post-IPO high of $13.54 shortly after the noon hour on Wednesday.
July Car Sales to Be Flat, VW to Jump
Douglas A. McIntyre |

July Car Sales to Be Flat, VW to Jump

Despite worries that strong car sales in the United States cannot continue, experts expect that July sales have been strong.…
Douglas A. McIntyre |

GM China Sales Rise 55% To A Record

GM’s sales may be taking a thrashing in its home market, but Chines sales for the No.1 US car company…
Paul Ausick |

GM Recalls Have Been Good for Sales

courtesy of General MotorsIt is almost counterintuitive: a company recalls more than 28 million vehicles — more than all car…
Paul Ausick |

Ram, Jeep Lead November Chrysler Sales to 13-Year High

Year-over-year sales rose 20% at Fiat Chrysler in November, the company’s best November sales level since 2001.
Paul Ausick |

Jeep Sales Rise 28% to Drive Chrysler’s Sales 9% Higher

courtesy of Chrysler GroupChrysler’s year-over-year sales rose 9% in June to 171,086 units, the company’s best June sales level since…
December Car Sales Expected to Fall, Led by Sharp Drops at Fiat Chrysler, VW
Douglas A. McIntyre |

December Car Sales Expected to Fall, Led by Sharp Drops at Fiat Chrysler, VW

December car sales are expected to fall nearly 6% compared to December last year. That will not keep 2017 sales…

Top Gaining Stocks

Waters
WAT • Vol: 2,131,048
Intel
INTC • Vol: 198,362,091
Akamai
AKAM • Vol: 8,677,900
Micron Technology
MU • Vol: 64,268,462
Qualcomm
QCOM • Vol: 34,272,223

Top Losing Stocks

Huntington Ingalls Industries
HII • Vol: 1,746,810
Pool
POOL • Vol: 2,311,870
Aptiv
APTV • Vol: 10,166,405
Leidos
LDOS • Vol: 2,252,442
PayPal
PYPL • Vol: 39,099,369