GM Financial :: essays research papers

Financial InformationGM dealers sold 558,092 cars and trucks in June of 2005 up 41% comp ard to June of 2004. Gm had the best monthly sales since September 1986. The calendar year to date sales are up 2.5% for the 2005 year. Sales were banish by GMs Employee drop for everyone. We are confident that are employee discount syllabus would hit a responsive cord, but we were a little surprise by just how strong the results were, including bringing over one ampere-second and fifty thousand new customers into the GM family in June. This definitely moves us in the right direction as we gear to introduce our 2006 models, says pose LaNeve, GM vice president of sales and marketing.GM of North the States in June of 2005 produced 416,000 vehicles compared to 482,000 vehicles in June of 2004. GM had too much inventory and had to w be onr an incentive program that worked. Globally GM has been an indus correct leader since 1931 and was founded in 1908. GM employs 321,000 individuals world wide . GM has Manufacturing operations in 32 countries and sells vehicles in 200 countries. In 2004 GM sold more or less 9 one thousand thousand vehicles globally. GM was up nearly 4% and posted its second highest heart in company history.Incentives are ran by a company to try and entice a customer to purchase a vehicle. It is a maverick jump start for sales. The last couple years consumers have demand low rates but now GM throws out the employee pricing. Consumer would let the incentives break the tie on which vehicle to purchase. This day in age everyone has low rates ,cash rebates but now employee discount, good thing GM was the leader of the pack.The financial outlook for present GM is superb and the employee discount drastically sparked sales for a temporary time period. The reason GM had to run an incentive program was the cause of abundance of Inventory and employees are too expensive to maintain. (Pension, benefits..) Gm had an increase in finished product, divine service par ts, etc between 2003 and 2004 in other words, total inventories increased by nearly one million dollars, as sales decreased during that time period. GM has also seen a rise in healthcare and other benefits in the United States. In 2004 GM had an obligation expense 89,384 million which GM had to pay for its current employees and past employees for the year in benefits.