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Chris said:
The one positive being that the impact of the June/July Employee Pricing surge will not be reflected until the next quarterly results. Keep your fingers crossed.
I thought June was part of Q2?
Q1 = Jan, Feb, Mar
Q2 = Apr, May, Jun
 

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brentil said:
I thought June was part of Q2?
You have to read the link above.

June Surge

A plan that gave employee discounts to all buyers handed GM a 47 percent boost in June U.S. sales and kept Toyota Motor Corp., the world's second-largest automaker, from gaining U.S. market share for the first time since January 2003. GM books revenue and profit when vehicles are produced, so any gains from the June sale will come in future products when dealers replace vehicles they sold.

``All June did was sell down inventory levels, and it did it at low margins,'' Kevin Tynan, an analyst with New York-based Argus Research, said in an interview.
 

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LBJay said:
You have to read the link above.
Ahhhh, ok. That makes sense. DIdn't read the article very closely since I've been fairly busy.
 

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It's not great, but atleast it's better than the previous quarter. Scary thing is they made money every where, but NA. Even worse, Pontiac was the only division to loss sales during employee pricing.
 

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Drex said:
It's not great, but atleast it's better than the previous quarter. Scary thing is they made money every where, but NA. Even worse, Pontiac was the only division to loss sales during employee pricing.
I bet if the TransAm/Firebird were still here that wouldn't be case.
 

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Adrenaline said:
I bet if the TransAm/Firebird were still here that wouldn't be case.
the transam/firebird were not selling, that is why they were cancelled.
 
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