GM Says Orders for Camaro Sports Cars Outrun Supply

[uls]

looks like GM has a hit

GM Says Orders for Camaro Sports Cars Outrun Supply
http://www.bloomberg.com/apps/news?p...d=auHoxPnOvAjU

June 25 (Bloomberg) -- General Motors Corp., rushing to emerge from bankruptcy as a profitable automaker, can’t keep up with demand for the 2010 Chevrolet Camaro sports car.

GM has filled about half the 25,000 Camaro orders taken, said Terry Rhadigan, a GM spokesman. Dealers, staggered by GM’s 42 percent U.S. sales decline in the first five months of the year, report that the new vehicles sell within days. Analysts say they sell for about $500 more than sticker price on average.

“I won’t have a stocked Camaro for probably a year,” said James Schmid, general sales manager at Bartow Chevrolet in Bartow, Florida. His Chevy dealership sold both its showroom Camaros at list price within a day of arrival, he said. That’s in addition to 18 custom orders the dealer filled.

GM said it began producing the muscle cars in March, and it sold 5,463 in May, according to industry researcher Autodata Corp. of Woodcliff Lake, New Jersey. The Camaro competes with Ford Motor Co.’s Ford Mustang and Chrysler Group LLC’s Dodge Challenger.

The Camaro may benefit from its use as Bumblebee in the movie sequel “Transformers: Revenge of the Fallen,” which opened in theaters yesterday.

GM describes the Camaro as having a “taut, athletic design” that builds off the 1960s version.

[renzo_d10]

GM said it began producing the muscle cars in March, and it sold 5,463 in May, according to industry researcher Autodata Corp. of Woodcliff Lake, New Jersey. The Camaro competes with Ford Motor Co.’s Ford Mustang and Chrysler Group LLC’s Dodge Challenger.

Wow. Not bad for Chevy, maybe the movie helped the production of the Camaro after all.

[AG4]

Wow. Not bad for Chevy, maybe the movie helped the production of the Camaro after all.

I guess the 2 Transformer movies helped a bit, but is it enough?

May 2009 US sales figures:
2010 Chevy Camaro: 5,463 units
Dodge Challenger: 2,695 units
2010 Ford Mustang: 8,812 units

[roberto_minosa]

There goes the recession.

[kulotz]

nakakaengganyo kasi kulay sa transformers me stripe na itim tapos yung dilaw bagay na bagay tapos minatch ng magndang tunog ng makina ayun taas talga sales. pero parang mahirap na silang isalba haha laki na ng utang

[tidus1203]

Must be the Bumblebee effect. But they need more than that to overhaul themselves. Ilan lang ba Camaro mabebenta nila as opposed to their whole costs structure?

[uls]

those Camaro buyers will be disappointed when they find out the car doesnt turn into Bumblebee

[actor21]

those Camaro buyers will be disappointed when they find out the car doesnt turn into Bumblebee

hehehe natawa ako dito...

[vinj]

those Camaro buyers will be disappointed when they find out the car doesnt turn into Bumblebee

Oh crap... it doesnt??? I gotta cancel my order then. LOL.

Well, that surge in Camaro sales will only help tide them over a little but still they have to work on the fundamentals of the company.

[Karding]

Good for GM, but thats not going to save them.