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Cobalt sales down in October; dealer blames Cash for Clunkers
TweetThe Chevrolet Cobalt posted its worst sales month since the early days of its launch, despite General Motors notching its first monthly gain in U.S. sales in almost two years.
Cobalt sales were down in October because inventories at dealerships were wiped out by the federal Cash for Clunkers program in July and August, said Barry Gonis, general manager of Spitzer Chevrolet in North Jackson. The program offered up to $4,500 to car buyers who turned in certain older vehicles.
There was a delay in replacing the Cobalts because the GM Lordstown complex was in the process of changing over to the 2010 model, Gonis said.
GM said today that it sold 5,055 Cobalts in October, down 22 percent from 6,478 that were sold in October 2008.
For more information, see Wednesday’s Vindicator or www.vindy.com.
Comments
I don't blame cash for clunkers, I blame GM. If GM never would of laid off so many people in Lordstown there never would of been a shortage of Cobalts at the dealerships. Just another prime example of the poor leadership and poor choice making within the company!!
If it wasnt for cash for clunkers, no one would have bought cobalts in the first place.
This GM is making the same mistakes the old GM did. Adding shifts and granting overtime for a car that is not selling. Brilliant.
The result will be the same, the new GM will be bankrupt in less than 5 years.