Fox Business
Expand
Browse All Video
Watch Live

You're watching...

GM Profits from Selling Small Cars

Details

  • Description

    FBN's Jeff Flock on GM's first entry into the mini-car market.

  • Duration 2:10
  • Date

Clips

Also in this playlist...

Transportation

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Need these spark mini car doesn't -- wondering if it's time to buy shares in GM.

Very I'm Jeff Flock is in Chicago with more and he's gonna explain why Cheerios fit into this whole equation.

I don't like -- for -- curve -- you can see automotive journalists being briefed Tracy as we speak on this is a cross country tour.

On the spark about the spark that's what this is it's a mini -- the first time GM's ever gotten into this market.

The very smallest of the small car markets and as you report last month.

Huge for the small car sales -- take a look at those numbers right off the -- if I can.

The spark was a a monthly winner and believe they're not Chicago was the biggest market for the spark they sold 2600 -- -- The Chevy sonic which is the next to smallest one -- the next biggest 18700.

The crew sold 25000.

Last month and even the volt.

Had another monthly sales record Mike Weidman is the man who market small cars for GM.

Can you make money selling small cars actually I think we've proven that you know it's the top of being very Smart very prudent -- inventory levels.

To go back to cruise we maintain a really good inventory levels the same things happening with sonic you're not doing the stupid stuff you may have done in the past which is built too many album without having buyers -- I think stupid -- Health care conversation.

But -- maintain Enos obviously on cruise we never put any cash on the vehicle same thing -- we transact in your price believable way -- -- I want to show you the car real quick Tracy I can't take a walk.

This is what looks inside there's a seven inch.

Touch screen color screen in the air and here's the deal here's the -- where the Cheerios come -- if -- -- around after he takes a look inside beer and you look at the Fiat 500 this is a blue one over here.

Very pretty car very nice she loved the Fiat the this -- -- was over there as well.

If you stuff cheerio boxes inside the cars.

You can get that many cheerio boxes inside and be able to drive it the Chevy spark that you can not do that with a competitors so.

I know some Americans don't like small cars but of a small car.

This is the biggest hawk -- Out there and maybe that counts in -- market.

Load More