H3 sales down 43%

[Big Dad]

Originally Posted by Dave92270

well, that is what the dealer would have to "deal" with, it's not GM problem what to do with used vehicle; GM will get their money because the new truck sale...so sales would go up. Right? Maybe I misunderstood but I thought that the 43% drop was in sales of factory new vehicles.

Right, so the dealer sells vehicles for GM, in a mutual kind of relationship.

So why would GM cater to the people already owning Hummers if places like Car Max won't take an SUV trade any longer?

I just think GM should be offering better financing incentives if they really want to move vehicles. Not so I'll trade one in, but to find people that want to get into one. Maybe there's more to the dynamics of producing and selling Hummers behind GM than we all realize or know.

[Hummer Guy]

CarMax will take the vehicles, just not at the price that any customer wants -- that's because while the prices have been dropping on larger SUVs in the last few months, CarMax's inventory costs have remained the same -- now they own it for more than the market will purchase for.

If you took a 2008 H2 in and said, "give me 10 grand and its yours," they'd take it.


The same is only partly true on new Hummers -- since incentives can fluctuate with the market, even though dealer costs do not.

[Big Dad]

Originally Posted by Hummer Guy

The same is only partly true on new Hummers -- since incentives can fluctuate with the market, even though dealer costs do not.

So if GM is so far down in sales, why don't they offer incentives now or yesterday to move product? Doesn't that make sense?

[phantom2]

I've been looking for a new vehicle and I've been to so many dealers and looked at so many vehicles that I can tell you,without exception,that no one wants your Hummer but you.It is a shame,but that's how the market is.There are dealers,previously mentioned,that won't even take any suv in trade...no one will buy it from them.