GM Cutting Production on Slow Sales
Increasing dealer inventory is forcing GM to curb production at two of its facilities.
The American automaker has scheduled five days of downtime at the Orion Assembly plant in Detroit, where the Chevy Sonic and Buick Verano are built, to adjust supply to demand according to Automotive News. The ‘flex’ line in Oshawa, Ontario will also be idled for five days to cut down supply of the Chevy Camaro, Buick Regal, Cadillac XTS and Chevy Impala.
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Inventory on most of these models has gone up in recent months, with the XTS sitting at a 109-day supply, the Verano stocked for 92 days and the Impala sitting at a 65-day supply.
GM has been quick recently to avoid large inventory backups that require dealers to offer heavy discounts which hurt profits and resale value.
[Source: Automotive News]
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Stephen covers all of the day-to-day events of the industry as the News Editor at AutoGuide, along with being the AG truck expert. His truck knowledge comes from working long days on the woodlot with pickups and driving straight trucks professionally. When not at his desk, Steve can be found playing his bass or riding his snowmobile or Sea-Doo. Find Stephen on <A title="@Selmer07 on Twitter" href="http://www.twitter.com/selmer07">Twitter</A> and <A title="Stephen on Google+" href="http://plus.google.com/117833131531784822251?rel=author">Google+</A>
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how come nobody idled de Nysschen after the Oscars commercial? whut a wiener.