General Motors Co - FORM 8-K - EX-99.1 - PRESS RELEASE AND SALES CHARTS - January 12, 2012

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8-K - DECEMBER 2011 SALES - General Motors Coform8-kdecembersales.htm

Exhibit 99.1


For Release: Wednesday, Jan. 4, 2012, 10 a.m. EST

GM's U.S. Sales Increase 5 Percent in December

Full-year sales increase 14 percent; market share grows

DETROIT - General Motors Co. (NYSE: GM) today reported total U.S. sales of 234,351 vehicles in December, up 5 percent compared with December 2010. Sales for the calendar year were up 14 percent year over year to more than 2.5 million units and the company gained market share.

“GM's balanced portfolio of fuel-efficient cars, trucks and crossovers helped us make the most of the U.S. economy's slow but steady recovery in 2011,” said Don Johnson, vice president, U.S. Sales Operations. “Importantly, we were able to grow all four of our brands and reestablish Chevrolet as a force to be reckoned with in the passenger car business. This gives us a very solid foundation to compete in a market that we expect to keep growing.”

In December, retail deliveries were up 2 percent compared with a very strong December 2010, and accounted for 81 percent of GM sales. Deliveries to fleets were up 17 percent.

GM's total passenger car sales for the month increased 12 percent. Crossover sales decreased 14 percent. Sales of trucks, which include full-size pickups, vans and SUVs increased 13 percent.

Highlights for the month include a 42 percent year-over-year increase in Chevrolet Sonic sales (compared with the Aveo), a 54 percent increase in Chevrolet Cruze sales, a 20 percent increase for the Chevrolet Camaro and a 13 percent increase for the Chevrolet Malibu. The Chevrolet Volt sold more than 1,500 units, making December its best month ever.

Other highlights include double-digit sales increases for the Cadillac SRX, Chevrolet Avalanche, Colorado, Silverado, Tahoe and Suburban, and the GMC Yukon XL. In addition, Chevrolet Equinox had its best sales month of the year in December.

Sales Highlights
Dec. 2011 Total Sales (vehicles)
Total Sales Change vs. Dec. 2010
Dec. 2011 Retail Sales Change vs. Dec. 2010
2011 Total Sales (vehicles)
2011 Total Sales Change vs. 2010
2011 Retail Sales Change vs. 2010
Chevrolet
161,158

8.9
 %
5.3
 %
1,775,812

13.4
%
19.4
%
GMC
41,960

(0.5
)%
(4.1
)%
397,986

18.8
%
16
%
Buick
14,974

(12.4
)%
(8.4
)%
177,633

14.3
%
14.7
%
Cadillac
16,259

(2.7
)%
4.9
 %
152,389

3.7
%
10.5
%
Total GM
234,351

4.7
 %
2.1
 %
2,503,820

13.7
%
17.6
%

GM ended December with about 580,000 units in dealer stock, including approximately 180,000 full-size pickup trucks, as planned.


GM expects full-year 2012 light vehicle sales to be in a range of 13.5 million to 14.0 million units. In previous years, GM's forecasts were based on total vehicle sales, which included medium- and heavy-duty vehicles, or about 300,000 additional units.

“Over the course of the fourth quarter of 2011, clear signs emerged that U.S. consumers are more confident and that other underpinnings of our economy are either stable or slowly improving,” Johnson said. “When we add improving economic fundamentals to pent-up demand and an aging vehicle fleet, it's now clear that auto sales should continue to grow in 2012, barring a shock to the system.”

Inventory
Units @
Dec. 31, 2011
Days Supply (selling days adjusted)
Units @
Nov. 30, 2011
Days Supply (selling days adjusted)
All Vehicles
583,407
67
623,666
86
Full-size Pickups
181,070
73
202,720
105

Industry Sales
Dec. 2011 SAAR (est.)
2011 (est.)
2010
Total Vehicles
13.9 million
13.1 million
11.8 million

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.


CONTACT:
Jim Cain
GM Communications
313-407-2843
james.cain@gm.com


Forward-Looking Statements
In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.




*S/D Curr: 27
December
 
(Calendar Year-to-Date)
 
 
 
 
 
 
January - December
*S/D Prev: 27
2011
2010
% Chg Volume
%Chg per S/D
 
2011
2010
%Chg Volume
Vehicle Total
234,351

224,185

4.5

4.5

 
2,503,820

2,215,227

13.0

Brand Total
234,351

223,932

4.7

4.7

 
2,503,820

2,202,927

13.7

Other Brand Total
—

253

***.*

***.*

 
—

12,300

***.*

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GM Vehicle Deliveries by Marketing Division
 
 
 
 
 
 
 
 
 
2011
2010
%Chg Volume
%Chg per S/D
 
2011
2010
%Chg Volume
Buick Total
14,974

17,095

(12.4
)
(12.4
)
 
177,633

155,389

14.3

Cadillac Total
16,259

16,718

(2.7
)
(2.7
)
 
152,389

146,925

3.7

Chevrolet Total **
161,158

147,960

8.9

8.9

 
1,775,812

1,565,632

13.4

GMC Total **
41,960

42,159

(0.5
)
(0.5
)
 
397,986

334,981

18.8

Brand Total
234,351

223,932

4.7

4.7

 
2,503,820

2,202,927

13.7

HUMMER Total
—

38

***.*

***.*

 
—

3,812

***.*

Pontiac Total
—

130

***.*

***.*

 
—

1,182

***.*

Saab Total
—

—

***.*

***.*

 
—

608

***.*

Saturn Total
—

85

***.*

***.*

 
—

6,698

***.*

Other Brand Total
—

253

***.*

***.*

 
—

12,300

***.*

GM Vehicle Total
234,351

224,185

4.5

4.5

 
2,503,820

2,215,227

13.0

 
 
 
 
 
 
 
 
 
* Twenty-seven selling days for the December period this year and twenty-seven for last year.
** Calendar Year 2010 includes GMC & Chevrolet Dealer deliveries of commercial vehicles distributed by American Isuzu Motors, Inc.































 
December
 
(Calendar Year-to-Date)
 
 
January - December
 
2011
2010
% Chg Volume
% Chg per S/D
 
2011
2010
%Chg Volume
Selling Days (S/D)
27

27

 
 
 
 
 
 
Enclave
5,555

6,634

(16.3
)
(16.3
)
 
58,392

55,426

5.4

LaCrosse
5,360

5,140

4.3

4.3

 
58,474

61,178

(4.4
)
Lucerne
712

2,262

(68.5
)
(68.5
)
 
20,358

26,459

(23.1
)
Regal
3,086

3,059

0.9

0.9

 
40,144

12,326

225.7

Verano
261

—

***.*

***.*

 
265

—

***.*

Buick Total
14,974

17,095

(12.4
)
(12.4
)
 
177,633

155,389

14.3

CTS
5,420

5,171

4.8

4.8

 
55,042

45,656

20.6

DTS
166

1,538

(89.2
)
(89.2
)
 
11,589

18,640

(37.8
)
Escalade
1,890

2,286

(17.3
)
(17.3
)
 
15,079

16,118

(6.4
)
Escalade ESV
1,119

1,262

(11.3
)
(11.3
)
 
8,388

8,674

(3.3
)
Escalade EXT
262

266

(1.5
)
(1.5
)
 
2,036

2,082

(2.2
)
SRX
7,324

5,865

24.9

24.9

 
56,905

51,094

11.4

STS
78

329

(76.3
)
(76.3
)
 
3,338

4,473

(25.4
)
XLR
—

1

***.*

***.*

 
12

188

(93.6
)
Cadillac Total
16,259

16,718

(2.7
)
(2.7
)
 
152,389

146,925

3.7

Avalanche
2,546

2,106

20.9

20.9

 
20,088

20,515

(2.1
)
Aveo
24

4,037

(99.4
)
(99.4
)
 
28,601

48,623

(41.2
)
Camaro
6,754

5,614

20.3

20.3

 
88,249

81,299

8.5

Caprice
99

—

***.*

***.*

 
880

—

***.*

Captiva Sport
1,983

—

***.*

***.*

 
7,038

—

***.*

Chevy C/T Series
—

—

***.*

***.*

 
—

9

***.*

Chevy W Series
—

—

***.*

***.*

 
—

286

***.*

Cobalt
5

636

(99.2
)
(99.2
)
 
856

97,376

(99.1
)
Colorado
2,970

2,387

24.4

24.4

 
31,026

24,642

25.9

Corvette
1,038

979

6.0

6.0

 
13,164

12,624

4.3

Cruze
16,675

10,865

53.5

53.5

 
231,732

24,495

846.0

Equinox
18,195

22,764

(20.1
)
(20.1
)
 
193,274

149,979

28.9

Express
8,461

6,474

30.7

30.7

 
71,943

59,753

20.4

HHR
150

4,030

(96.3
)
(96.3
)
 
37,012

75,401

(50.9
)
Impala
10,479

11,411

(8.2
)
(8.2
)
 
171,434

172,078

(0.4
)
Kodiak 4/5 Series
—

16

***.*

***.*

 
10

1,205

(99.2
)
Kodiak 6/7/8 Series
—

6

***.*

***.*

 
—

251

***.*

Malibu
13,034

11,520

13.1

13.1

 
204,808

198,770

3.0

Silverado-C/K Pickup
47,787

42,518

12.4

12.4

 
415,130

370,135

12.2

Sonic
5,743

—

***.*

***.*

 
15,778

—

***.*

Suburban (Chevy)
5,930

4,264

39.1

39.1

 
49,427

45,152

9.5

Tahoe
8,430

7,482

12.7

12.7

 
80,527

75,675

6.4

TrailBlazer
—

2

***.*

***.*

 
33

218

(84.9
)
Traverse
9,326

10,523

(11.4
)
(11.4
)
 
107,131

106,744

0.4

Uplander
—

—

***.*

***.*

 
—

76

***.*

Volt
1,529

326

369.0

369.0

 
7,671

326

***.*

Chevrolet Total
161,158

147,960

8.9

8.9

 
1,775,812

1,565,632

13.4

Acadia
7,355

7,618

(3.5
)
(3.5
)
 
79,288

68,295

16.1

Canyon
716

826

(13.3
)
(13.3
)
 
9,590

7,992

20.0

Envoy
—

2

***.*

***.*

 
5

84

(94.0
)
GMC C/T Series
—

—

***.*

***.*

 
—

54

***.*

GMC W Series
—

—

***.*

***.*

 
—

382

***.*

Savana
2,530

1,150

120.0

120.0

 
17,268

13,942

23.9

Sierra
16,495

16,795

(1.8
)
(1.8
)
 
149,170

129,794

14.9



Terrain
7,724

9,303

(17.0
)
(17.0
)
 
83,179

60,519

37.4

Topkick 4/5 Series
—

8

***.*

***.*

 
5

915

(99.5
)
Topkick 6/7/8 Series
—

8

***.*

***.*

 
8

426

(98.1
)
Yukon
3,968

3,891

2.0

2.0

 
34,250

28,781

19.0

Yukon XL
3,172

2,558

24.0

24.0

 
25,223

23,797

6.0

GMC Total
41,960

42,159

(0.5
)
(0.5
)
 
397,986

334,981

18.8

Brand Total
234,351

223,932

4.7

4.7

 
2,503,820

2,202,927

13.7

HUMMER Total
—

38

***.*

***.*

 
—

3,812

***.*

Pontiac Total
—

130

***.*

***.*

 
—

1,182

***.*

Saab Total
—

—

***.*

***.*

 
—

608

***.*

Saturn Total
—

85

***.*

***.*

 
—

6,698

***.*

Other Brand Total
—

253

***.*

***.*

 
—

12,300

***.*

GM Vehicle Total
234,351

224,185

4.5

4.5

 
2,503,820

2,215,227

13.0



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