400-418 New Cars

400-418 New Cars - Retail

Sales

New Vehicle Department

Sales Synopsis

The sales of new GM Cars sold at retail to end-users are recorded in Accounts 400 through 418.

Debits

Credits

Actual selling price of new cars sold to retail customers

600-618 New Cars - Retail

Cost of Sales

New Vehicle Department

Cost of Sales Synopsis

The cost of sales for cars sold at retail to end-users are recorded in Accounts 600 through 618.

Debits

Credits

Cost of new cars sold to retail customers

Credits received from the factory on sales to General Motors’ employees under the General Motors Employee Purchase Plan

Example 1

Record a new vehicle sale for the amount of $37,571 with a finance contract reserve of $1,300, sales tax of $2,846 and Registration Fees of $325. The inventory value is $32,721.

Journal: New Vehicle Sales

Entry:		Debit	Credit
Account 205	Contracts in Transit	$40,042
Account 262	Due from Finance Companies	$1,300
Account 600-618	Cost of Sales – New Cars – Retail	$32,721
Account 400-418	Sales – New Cars – Retail		$35,571
Account 231	New Car Inventory		$32,721
Account 324A	Sales Taxes Payable – Excise Taxes		$2,846
Account 806	Finance Income – New		$1,300
Account 910	Document Handling Fees		$325

Example 2

Record the cost of a dealer installed accessory that was not included as part of the original cost of the car. The internal labor is $85 and the accessory sale is $250. The cost of labor is $25 and the cost of the accessory is $175.

Journal: Internal Sales

Entry:		Debit	Credit
Account 600-618	Cost of Sales – New Cars	$335
Account 663	Cost of Sales – Internal Labor Mechanical	$25
Account 657	Cost of Sales – Accessories	$175
Account 242	Inventory – Parts & Accessories		$175
Account 247A	Inventory – Work in Process – Mechanical		$25
Account 463	Sales – Internal Labor Mechanical		$85
Account 457	Sales – Accessories		$250

Comments

The Retail Sales for each respective Division should be recorded as indicated in the table below.

CARS
Account	(A)	(B)	(C)	(D)	(E)	(G)	(J)	(L)	(M)	(K)
400/418 600/618	Chevrolet ICE	Chevrolet EV	Buick ICE	Buick EV	Cadillac ICE	Cadillac EV	Other non-GM	Fleet	Govt	SBC

The selling price is credited to the Sales account and the inventory value, is posted to the corresponding Cost of Sales account.

Dealer installed Accessories sold by the New Vehicle Department should be recorded in Account 457, Accessories.

Each vehicle sale should be recorded at actual selling price. Actual selling price means the selling price to the customer less discounts and overallowances.

The manufacturer will designate the account number to assign to each model of vehicles sold as indicated in the table above.

Each vehicle sale should be costed individually. The cost of a new vehicle is defined in the Asset section under Vehicle Inventories (New Vehicles).

The cost of the vehicle should be determined from the Factory Invoice or other Vehicle Inventory record. If any items have not been posted to this record, refer to underlying repair orders and invoices to determine the vehicle’s cost.

Factory price reductions, which occur after the sales of vehicles, are reductions of cost and should be credited to the appropriate vehicle cost of sales account.

Note:

New vehicles transferred to other authorized GM dealers are not sales and should not be recorded in these sales and cost of sales accounts. Sales and exchanges of new vehicles between GM dealerships should be recorded as inventory transfers, at the vehicle inventory value, through the applicable new vehicle inventory accounts.

CHEVROLET ICE

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
IMPALA	400A	600A	DO NOT USE	423A	623A
DO NOT USE	401A	601A	DO NOT USE	424A	624A
DO NOT USE	402A	602A	EXPRESS	425A	625A
SS	403A	603A	SILVERADO HD	426A	626A
MALIBU	404A	604A	BLAZER	427A	627A
CAMARO	405A	605A	COLORADO	428A	628A
DO NOT USE	406A	606A	DO NOT USE	429A	629A
CORVETTE	407A	607A	SILVERADO LD	430A	630A
SPARK	408A	608A	TAHOE	431A	631A
DO NOT USE	409A	609A	SUBURBAN	432A	632A
DO NOT USE	410A	610A	TRAILBLAZER	433A	633A
CRUZE	411A	611A	EQUINOX	434A	634A
VOLT	412A	612A	TRAX	435A	635A
SONIC	413A	613A	TRAVERSE	436A	636A
BOLT	414A	614A	MED DUTY - LCF	437A	637A
DO NOT USE	415A	615A	MED DUTY - CONV	438A	439A
DO NOT USE	416A	616A
OTHER CHEVY CAR	417A	617A
OTHER CHEVY CAR	418A	618A
MEMO *e-CAR SLS this PG	419A	619A	MEMO* e-TRK SLS this PG	439A	639A
TOTAL CAR FLEET this PG	420A	620A	TOTAL TRK FLEET this PG	440A	640A
TOTAL CAR INTERNAL this PG	421A	621A	TOTAL TRK INTERNAL this PG	441A	641A

CHEVROLET EV

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
DO NOT USE	400B	600B	BOLT EUV	423B	623B
DO NOT USE	401B	601B	BOLT EV	424B	624B
DO NOT USE	402B	602B	BLAZER EV	425B	625B
DO NOT USE	403B	603B	EQUINOX EV	426B	626B
DO NOT USE	404B	604B	SILVERADO EV	427B	627B
DO NOT USE	405B	605B	DO NOT USE	428B	628B
DO NOT USE	406B	606B	DO NOT USE	429B	629B
CORVETTE E-RAY	407B	607B	DO NOT USE	430B	630B
DO NOT USE	408B	608B	DO NOT USE	431B	631B
DO NOT USE	409B	609B	DO NOT USE	432B	632B
DO NOT USE	410B	610B	DO NOT USE	433B	633B
DO NOT USE	411B	611B	DO NOT USE	434B	634B
DO NOT USE	412B	612B	DO NOT USE	435B	635B
DO NOT USE	413B	613B	DO NOT USE	436B	636B
DO NOT USE	414B	614B	DO NOT USE	437B	637B
DO NOT USE	415B	615B	DO NOT USE	438B	439B
DO NOT USE	416B	616B
DO NOT USE	417B	617B
DO NOT USE	418B	618B
MEMO *e-CAR SLS this PG	419B	619B	MEMO* e-TRK SLS this PG	439B	639B
TOTAL CAR FLEET this PG	420B	620B	TOTAL TRK FLEET this PG	440B	640B
TOTAL CAR INTERNAL this PG	421B	621B	TOTAL TRK INTERNAL this PG	441B	641B

BUICK ICE

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
VERANO	400D	600D	DO NOT USE	423D	623D
CASCADA	401D	601D	ENVISTA	424D	624D
REGAL	402D	602D	ENCLAVE	425D	625D
REGAL TOUR X	403D	603D	ENCORE	426D	626D
DO NOT USE	404D	604D	ENVISION	427D	627D
DO NOT USE	405D	605D	ENCORE GX	428D	628D
LACROSSE	406D	606D	DO NOT USE	429D	628D
DO NOT USE	407D	607D	DO NOT USE	430D	630D
DO NOT USE	408D	608D	DO NOT USE	431D	631D
DO NOT USE	409D	609D	DO NOT USE	432D	632D
DO NOT USE	410D	610D	DO NOT USE	433D	633D
DO NOT USE	411D	611D	DO NOT USE	434D	634D
DO NOT USE	412D	612D	DO NOT USE	435D	635D
DO NOT USE	413D	613D	DO NOT USE	436D	636D
DO NOT USE	414D	614D	DO NOT USE	437D	637D
DO NOT USE	415D	615D
DO NOT USE	416D	616D
DO NOT USE	417D	617D
OTHER BUICK CAR	418D	618D	OTHER BUICK TRUCK	438D	638D
MEMO* e-CAR SLS this PG	419D	619D	MEMO* e-TRK SLS this PG	439D	639D
TOTAL CAR FLEET this PG	420D	620D	TOTAL TRK FLEET this PG	440D	640D
TOTAL CAR INTERNAL this PG	421D	621D	TOTAL TRK INTERNAL this PG	441D	641D

BUICK EV

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
DO NOT USE	400C	600C	DO NOT USE	423C	623C
DO NOT USE	401C	601C	DO NOT USE	424C	624C
DO NOT USE	402C	602C	DO NOT USE	425C	625C
DO NOT USE	403C	603C	DO NOT USE	426C	626C
DO NOT USE	404C	604C	DO NOT USE	427C	627C
DO NOT USE	405C	605C	DO NOT USE	428C	628C
DO NOT USE	406C	606C	DO NOT USE	429C	628C
DO NOT USE	407C	607C	DO NOT USE	430C	630C
DO NOT USE	408C	608C	DO NOT USE	431C	631C
DO NOT USE	409C	609C	DO NOT USE	432C	632C
DO NOT USE	410C	610C	DO NOT USE	433C	633C
DO NOT USE	411C	611C	DO NOT USE	434C	634C
DO NOT USE	412C	612C	DO NOT USE	435C	635C
DO NOT USE	413C	613C	DO NOT USE	436C	636C
DO NOT USE	414C	614C	DO NOT USE	437C	637C
DO NOT USE	415C	615C	DO NOT USE	438C	638C
DO NOT USE	416C	616C
DO NOT USE	417C	617C
DO NOT USE	418C	618C
MEMO* e-CAR SLS this PG	419C	619C	MEMO* e-TRK SLS this PG	439C	639C
TOTAL CAR FLEET this PG	420C	620C	TOTAL TRK FLEET this PG	440C	640C
TOTAL CAR INTERNAL this PG	421C	621C	TOTAL TRK INTERNAL this PG	441C	641C

GMC ICE

Trucks	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
DO NOT USE	400F	600F	ACADIA	423F	623F
DO NOT USE	401F	601F	TERRAIN	424F	624F
DO NOT USE	402F	602F	G-VAN (SAVANA)	425F	625F
DO NOT USE	403F	603F	SIERRA LD	426F	626F
DO NOT USE	404F	604F	SIERRA HD	427F	627F
DO NOT USE	405F	605F	CANYON	428F	628F
DO NOT USE	406F	606F	DO NOT USE	429F	629F
DO NOT USE	407F	607F	DO NOT USE	430F	630F
DO NOT USE	408F	608F	YUKON	431F	631F
DO NOT USE	409F	609F	YUKON XL	432F	632F
DO NOT USE	410F	610F	DO NOT USE	433F	633F
DO NOT USE	411F	611F	DO NOT USE	434F	634F
DO NOT USE	412F	612F	DO NOT USE	435F	635F
DO NOT USE	413F	613F	DO NOT USE	436F	636F
DO NOT USE	414F	614F	MED DUTY - LCF	437F	637F
DO NOT USE	415F	615F	MED DUTY - CONV	438F	638F
DO NOT USE	416F	616F
DO NOT USE	417F	617F
DO NOT USE	418F	618F
MEMO* e-TRK SLS this PG	419F	619F	MEMO* e-TRK SLS this PG	439F	639F
TOTAL TRK FLEET this PG	420F	620F	TOTAL TRK FLEET this PG	440F	640F
TOTAL TRK INTERNAL this PG	421F	621F	TOTAL TRK INTERNAL this PG	441F	641F

GMC EV

Trucks	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
DO NOT USE	400H	600H	HUMMER EV SUT	423H	623H
DO NOT USE	401H	601H	HUMMER EV SUV	424H	624H
DO NOT USE	402H	602H	DO NOT USE	425H	625H
DO NOT USE	403H	603H	SIERRA EV	426H	626H
DO NOT USE	404H	604H	DO NOT USE	427H	627H
DO NOT USE	405H	605H	DO NOT USE	428H	628H
DO NOT USE	406H	606H	DO NOT USE	429H	629H
DO NOT USE	407H	607H	DO NOT USE	430H	630H
DO NOT USE	408H	608H	DO NOT USE	431H	631H
DO NOT USE	409H	609H	DO NOT USE	432H	632H
DO NOT USE	410H	610H	DO NOT USE	433H	633H
DO NOT USE	411H	611H	DO NOT USE	434H	634H
DO NOT USE	412H	612H	DO NOT USE	435H	635H
DO NOT USE	413H	613H	DO NOT USE	436H	636H
DO NOT USE	414H	614H	DO NOT USE	437H	637H
DO NOT USE	415H	615H	DO NOT USE	438H	638H
DO NOT USE	416H	616H
DO NOT USE	417H	617H
DO NOT USE	418H	618H
MEMO* e-TRK SLS this PG	419H	619H	MEMO* e-TRK SLS this PG	439H	639H
TOTAL TRK FLEET this PG	420H	620H	TOTAL TRK FLEET this PG	440H	640H
TOTAL TRK INTERNAL this PG	421H	621H	TOTAL TRK INTERNAL this PG	441H	641H

CADILLAC ICE

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
DO NOT USE	400E	600E	DO NOT USE	423E	623E
DO NOT USE	401E	601E	DO NOT USE	424E	624E
DO NOT USE	402E	602E	DO NOT USE	425E	625E
CT6	403E	603E	XT4	426E	626E
ELR	404E	604E	XT5	427E	627E
DO NOT USE	405E	605E	XT6	428E	628E
SRX	406E	606E	ESCALADE PLATINUM	429E	629E
CTS-V	407E	607E	DO NOT USE	430E	630E
CTS	408E	608E	ESCALADE	431E	631E
XTS	409E	609E	ESCALADE ESV	432E	632E
ATS	410E	610E	ESCALADE ESV PLATINUM	433E	633E
CT5	411E	611E	ESCALADE V	434E	634E
ATS-V	412E	612E	DO NOT USE	435E	635E
CT4	413E	613E	DO NOT USE	436E	636E
CT4-V	414E	614E	DO NOT USE	437E	438E
CT5-V	415E	615E	OTHER CADILLAC TRUCK	438E	638E
DO NOT USE	416E	616E
DO NOT USE	417E	617E
OTHER CADILLAC CAR	418E	618E
MEMO* e-CAR SLS this PG	419E	619E	MEMO* e-TRK SLS this PG	439E	639E
TOTAL CAR FLEET this PG	420E	620E	TOTAL TRK FLEET this PG	440E	640E
TOTAL CAR INTERNAL this PG	421E	621E	TOTAL TRK INTERNAL this PG	441E	641E

CADILLAC EV

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
CELESTIQ	400G	600G	LYRIQ	423G	623G
DO NOT USE	401G	601G	DO NOT USE	424G	624G
DO NOT USE	402G	602G	DO NOT USE	425G	625G
DO NOT USE	403G	603G	DO NOT USE	426G	626G
DO NOT USE	404G	604G	DO NOT USE	427G	627G
DO NOT USE	405G	605G	DO NOT USE	428G	628G
DO NOT USE	406G	606G	DO NOT USE	429G	629G
DO NOT USE	407G	607G	DO NOT USE	430G	630G
DO NOT USE	408G	608G	DO NOT USE	431G	631G
DO NOT USE	409G	609G	DO NOT USE	432G	632G
DO NOT USE	410G	610G	DO NOT USE	433G	633G
DO NOT USE	411G	611G	DO NOT USE	434G	634G
DO NOT USE	412G	612G	DO NOT USE	435G	635G
DO NOT USE	413G	613G	DO NOT USE	436G	636G
DO NOT USE	414G	614G	DO NOT USE	437G	438G
DO NOT USE	415G	615G	DO NOT USE	438G	638G
DO NOT USE	416G	616G
DO NOT USE	417G	617G
DO NOT USE	418G	618G
MEMO* e-CAR SLS this PG	419G	619G	MEMO* e-TRK SLS this PG	439G	639G
TOTAL CAR FLEET this PG	420G	620G	TOTAL TRK FLEET this PG	440G	640G
TOTAL CAR INTERNAL this PG	421G	621G	TOTAL TRK INTERNAL this PG	441G	641G

OTHER NON-GM

Cars	Sales	Cost of Sales	Trucks	Sales	Cost of Sales
	A/C	A/C		A/C	A/C
OTH CAR - 1	400J	600J	OTH TRK - 1	423J	623J
OTH CAR - 2	401J	601J	OTH TRK - 2	424J	624J
OTH CAR - 3	402J	602J	OTH TRK - 3	425J	625J
OTH CAR - 4	403J	603J	OTH TRK - 4	426J	626J
OTH CAR - 5	404J	604J	OTH TRK - 5	427J	627J
OTH CAR - 6	405J	605J	OTH TRK - 6	428J	628J
OTH CAR - 7	406J	606J	OTH TRK - 7	429J	629J
OTH CAR - 8	407J	607J	OTH TRK - 8	430J	630J
OTH CAR - 9	408J	608J	OTH TRK - 9	431J	631J
OTH CAR - 10	409J	609J	OTH TRK - 10	432J	632J
OTH CAR - 11	410J	610J	OTH TRK - 11	433J	633J
OTH CAR - 12	411J	611J	OTH TRK - 12	434J	634J
OTH CAR - 13	412J	612J	OTH TRK - 13	435J	635J
OTH CAR - 14	413J	613J	OTH TRK - 14	436J	636J
OTH CAR - 15	414J	614J	OTH TRK - 15	437J	637J
OTH CAR - 16	415J	615J	OTH TRK - 16	438J	638J
OTH CAR - 17	416J	616J
OTH CAR - 18	417J	617J
OTH CAR - 19	418J	618J
MEMO IDS-Miltary - Cars	419J	619J	MEMO IDS-Miltary - Trk	439J	639J
TOTAL CAR FLEET this PG	420J	620J	TOTAL CAR FLEET this PG	440J	640J
TOTAL CAR INTERNAL this PG	421J	621J	TOTAL CAR INTERNAL this PG	441J	641J

DEALER FLEET (INC. CAP) - CARS

CARS	Sales	Cost of Sales
	A/C	A/C
CHEVROLET ICE CARS	400L	600L
CHEVROLET EV CARS	401L	601L
BUICK ICE CARS	402L	602L
BUICK EV CARS	403L	603L
CADILLAC ICE CARS	404L	604L
CADILLAC EV CARS	405L	605L
DO NOT USE	406L	606L
DO NOT USE	407L	607L

DEALER FLEET (INC. CAP) - TRUCKS

TRUCKS	Sales	Cost of Sales
	A/C	A/C
BUICK / CADILLAC SMALL SUV EV	412L	612L
BUICK / CADILLAC SMALL SUV ICE	413L	613L
BUICK / CADILLAC MED SUV EV	414L	614L
BUICK / CADILLAC MED SUV ICE	415L	615L
BUICK / CADILLAC LARGE SUV EV	416L	616L
BUICK / CADILLAC LARGE SUV ICE	417L	617L
CHEVROLET / GMC SMALL SUV EV	418L	618L
CHEVROLET / GMC SMALL SUV ICE	419L	619L
CHEVROLET / GMC MED SUV EV	420L	620L
CHEVROLET / GMC MED SUV ICE	421L	621L
CHEVROLET / GMC HUMMER LARGE SUV EV	422L	622L
CHEVROLET / GMC LARGE SUV ICE	423L	623L
SILVERADO / SIERRA HD ICE (2500/3500)	424L	624L
DO NOT USE	425L	625L
SILVERADO / SIERRA LD ICE (1500)	426L	626L
SILVERADO / SIERRA / HUMMER LD EV	427L	627L
COLORADO / CANYON ICE	428L	628L
DO NOT USE	429L	629L
SILVERADO MEDIUM DUTY (4500+)	430L	630L
CHEVROLET LCF	431L	631L
EXPRESS / SAVANA ICE	432L	632L
DO NOT USE	433L	633L
DO NOT USE	434L	634L

DEALER GOVERNMENT SALES - CARS

CARS	Sales	Cost of Sales
	A/C	A/C
CHEVROLET ICE CARS	400M	600M
CHEVROLET EV CARS	401M	601M
BUICK ICE CARS	402M	602M
BUICK EV CARS	403M	603M
CADILLAC ICE CARS	404M	604M
CADILLAC EV CARS	405M	605M
DO NOT USE	406M	606M
DO NOT USE	407M	607M

DEALER GOVERNMENT SALES - TRUCKS

TRUCKS	Sales	Cost of Sales
	A/C	A/C
BUICK / CADILLAC SMALL SUV EV	412M	612M
BUICK / CADILLAC SMALL SUV ICE	413M	613M
BUICK / CADILLAC MED SUV EV	414M	614M
BUICK / CADILLAC MED SUV ICE	415M	615M
BUICK / CADILLAC LARGE SUV EV	416M	616M
BUICK / CADILLAC LARGE SUV ICE	417M	617M
CHEVROLET / GMC SMALL SUV EV	418M	618M
CHEVROLET / GMC SMALL SUV ICE	419M	619M
CHEVROLET / GMC MED SUV EV	420M	620M
CHEVROLET / GMC MED SUV ICE	421M	621M
CHEVROLET / GMC HUMMER LARGE SUV EV	422M	622M
CHEVROLET / GMC LARGE SUV ICE	423M	623M
SILVERADO / SIERRA HD ICE (2500/3500)	424M	624M
DO NOT USE	425M	625M
SILVERADO / SIERRA LD ICE (1500)	426M	626M
SILVERADO / SIERRA / HUMMER LD EV	427M	627M
COLORADO / CANYON ICE	428M	628M
DO NOT USE	429M	629M
SILVERADO MEDIUM DUTY (4500+)	430M	630M
CHEVROLET LCF	431M	631M
EXPRESS / SAVANA ICE	432M	632M
DO NOT USE	433M	633M
DO NOT USE	434M	634M

SMALL BUSINESS COMMERCIAL - CARS

CARS	Sales	Cost of Sales
	A/C	A/C
CHEVROLET ICE CARS	400K	600K
CHEVROLET EV CARS	401K	601K
BUICK ICE CARS	402K	602K
BUICK EV CARS	403K	603K
CADILLAC ICE CARS	404K	604K
CADILLAC EV CARS	405K	605K
DO NOT USE	406K	606K
DO NOT USE	407K	607K

SMALL BUSINESS COMMERCIAL - TRUCKS

TRUCKS	Sales	Cost of Sales
	A/C	A/C
BUICK / CADILLAC SMALL SUV EV	412K	612K
BUICK / CADILLAC SMALL SUV ICE	413K	613K
BUICK / CADILLAC MED SUV EV	414K	614K
BUICK / CADILLAC MED SUV ICE	415K	615K
BUICK / CADILLAC LARGE SUV EV	416K	616K
BUICK / CADILLAC LARGE SUV ICE	417K	617K
CHEVROLET / GMC SMALL SUV EV	418K	618K
CHEVROLET / GMC SMALL SUV ICE	419K	619K
CHEVROLET / GMC MED SUV EV	420K	620K
CHEVROLET / GMC MED SUV ICE	421K	621K
CHEVROLET / GMC HUMMER LARGE SUV EV	422K	622K
CHEVROLET / GMC LARGE SUV ICE	423K	623K
SILVERADO / SIERRA HD ICE (2500/3500)	424K	624K
DO NOT USE	425K	625K
SILVERADO / SIERRA LD ICE (1500)	426K	626K
SILVERADO / SIERRA / HUMMER LD EV	427K	627K
COLORADO / CANYON ICE	428K	628K
DO NOT USE	429K	629K
SILVERADO MEDIUM DUTY (4500+)	430K	630K
CHEVROLET LCF	431K	631K
EXPRESS / SAVANA ICE	432K	632K
DO NOT USE	433K	633K
DO NOT USE	434K	634K

BRIGHTDROP - RETAIL/SBC, FLEET GOVERNMENT

TRUCKS	Sales	Cost of Sales
	A/C	A/C
ZEVO 400 - RTL/SBC	423N	623N
ZEVO 400 - FLT	424N	624N
ZEVO 400 - GOV	425N	625N
ZEVO 600 - RTL/SBC	426N	626N
ZEVO 600 - FLT	427N	627N
ZEVO 600 - GOV	428N	628N
DO NOT USE	429N	629N
DO NOT USE	430N	630N
DO NOT USE	431N	631N