Contributing Writer, GM-Trucks.com
Somber news this week from GM. GM is temporarily closing five manufacturing plants' lines over this holiday period to let inventories burn off. The Detroit News reports that some car models have risen to as much 105 days of inventory. The Camaro is presently at a six-month inventory level. Other cars that a need to be out of production for a period include the Corvette, Cruze, Cadillac ATS and CTS.
Throughout the year, as GM announced enthusiastic sales results, GM-Trucks.com has tried to look deeper and report what the car sales at GM were doing. Trucks did well, and some crossovers and SUVs performed very well, while others did not. Consistently, the cars at GM seemed to underperform compared to the competition.
The declining market for GM cars is not just in the U.S. Opel has closed its Bochum Germany plant and Holden in Austrailia announced it will close its Victoria and South Austrailia plants this month. The plants will operate through 2018, after which, Holden will be an all-import brand.