General Motors automobile sales on a multi-year decline

SUMMARY:

General Motors

is trying to 

shrink itself 

into prosperity !

Shrinking is easy,

but is it smart ?

Consumers want 

to buy high quality 

automobiles, sold at 

competitive prices.

Shutting down

unprofitable 

operations 

doesn't make

the products 

any better ! 

DETAILS:

(Note: For a quicker read, 

just look at the charts)

GLOBAL  SALES

GM’s 10-K SEC filings 

say global sales 

fell 23% over the 

past three years, 

from 10 million 

vehicles in 2016, 

to 7.7 million 

vehicles in 2019, 

making 2019 

just slightly higher

than the 2009

bankruptcy year.

CHINA  SALES

GM’s sales in China, 

it's biggest market, 

fell 23.4% over the

past two years, 

from 4.0 million 

vehicles in 2017,

to 3.1 million 

vehicles in 2019, 

and that's 

BEFORE 

coronavirus !

U.S.  SALES

GM sales In the U.S., 

GM's second

biggest market, 

fell 6.2% over the

past four years,

from 3.08 million 

vehicles in 2015, 

to 2.89 million 

vehicles in 2019.

GM shut down 

all operations 

in Russia, India, and 

South Africa in 2017.

EUROPE  &  RUSSIA  SALES

In 2008, GM sold 

2.08 million vehicles 

In Europe and Russia.

By 2018, sales were zero 

(except for a few Corvettes).

GM pulled out of Europe, 

once its second-largest 

market, by selling Opel 

and Vauxhall, so its 

vehicle sales there 

are now zero.  

AUSTRALIA & 

NEW ZEALAND SALES

GM stopped manufacturing 

their Holden brand in Australia

in 2017, and switched 

to manufacturing Holden's 

in Asia.

GM recently announced 

it would pull out of Australia, 

New Zealand, and Thailand, 

winding down engineering, 

design, and sales operations 

in Australia, with a write-off 

of about $1.1 billion.

After GM announced

the Holden brand 

will be "retired" by 2021, 

Australia’s Prime Minister 

Scott Morrison criticized GM 

for taking 

“more than $2 billion” 

of taxpayer subsidies 

in the past. 

In Thailand, 

GM plans 

to sell 

its Rayong 

factory 

to China's 

Great Wall Motors, 

and end sales of it's 

Chevrolet brand there 

by the end of 2020.

REST  OF  THE  

WORLD  SALES***

Rest of the World 

sales plunged 31% 

in five years, from 

840,000 vehicles 

in 2014, to 580,000 

vehicles in 2019.

Even more declines

will be coming 

after the shutdown 

of its operations 

in Australia, 

New Zealand, 

and Thailand.

*** “Asia/Pacific, Middle East and Africa,” 

minus China – a category that includes 

Australia, New Zealand, Thailand, 

Japan, and other markets in the 

Asia-Pacific region, plus India, 

the Middle East, and Africa.