General Motors Co - FORM 8-K - EX-99.1 - EXHIBIT - U.S. SALES RELEASE AND CHART - April 3, 2013

Attached files

file filename
8-K - 8-K - General Motors Coa2013marchsales8-k.htm


Exhibit 99.1

For Release: Tuesday, April 2, 2013, 10 a.m. EDT
 
GM Reports its Best March Sales in Five Years

Cadillac sales up almost 50 percent on new models

DETROIT - General Motors Co. (NYSE: GM) sold 245,950 vehicles in the United States in March, up 6 percent compared with a year ago. Retail sales increased 4 percent, fleet sales were up 12 percent and the fleet mix was 27 percent of total sales.

“GM delivered its best March sales in five years thanks to a strengthening economy and new products, and we are expecting our third consecutive increase in market share versus last year,” said Kurt McNeil, vice president of U.S. sales operations. “Sales of smaller cars have been robust for some time. Trucks have improved in lockstep with the housing market and the strength of the crossover market signals that America's families are more confident about their financial health.”

March Highlights (vs. 2012)
•
Cadillac was up almost 50 percent; Buick was up 37 percent; GMC was up 12 percent; and Chevrolet sales were essentially equal to a year ago.
•
Crossovers were up 31 percent; trucks, which include pickups, vans and SUVs, were up 2 percent; car sales were down 3 percent; large pickup sales were up 6 percent.
•
Small business sales, which are included in retail sales, were up 32 percent to almost 15,000 deliveries, aided by a stronger housing market.
•
Sales of GM's redesigned mid-size crossovers were up 62 percent. The Chevrolet Traverse was up 54 percent; the GMC Acadia was up 77 percent, and the Buick Enclave was up 55 percent for its best-ever March sales.
•
The all-new Cadillac ATS had its best sales month yet with deliveries of 3,587 units.
•
In its second full month, the all-new Buick Encore had sales of more than 3,000 units, driving a 19 percent increase in GM small and compact crossover sales.

March Highlights
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
173,859
0.5%
118,339
0.2%
GMC
38,333
11.6%
31,619
4.2%
Buick
18,007
37.4%
15,919
25.9%
Cadillac
15,751
49.5%
13,112
27.3%
Total GM
245,950
6.4%
178,989
4.4%






First Quarter Highlights (vs. 2012)
•
GM sales were up 9 percent: retail sales were up 10 percent; fleet sales were up 6 percent, and fleet mix was 26 percent of total sales.
•
Cadillac was up 38 percent; Buick was up 28 percent; GMC was up 14 percent, and Chevrolet was up 5 percent.
•
Crossovers were up 25 percent; trucks were up 10 percent and cars were up slightly.
•
Large pickup trucks were up 21 percent, and combined mini, small and compact cars were up 14 percent.

Q1 Highlights
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
469,704
4.8%
319,921
6.2%
GMC
104,927
14.2%
91,340
14.9%
Buick
47,620
27.5%
43,288
22.4%
Cadillac
42,712
37.9%
38,024
27.4%
Total GM
664,963
9.3%
492,573
10.4%

Inventory
Units @
March 31
Days Supply (selling day adjusted)
Units @
Feb. 28
Days Supply (selling day adjusted)
All Vehicles
743,786
82
742,887
79
Full-size Pickups
239,718
117
234,695
97

Industry Sales
March SAAR (est.)
Calendar Year (est.)
Light Vehicles
15.2 million range
15.0 - 15.5 million range

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, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling brands. 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
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.




 
March
 
(Calendar Year-to-Date)
March - March
 
 
2013

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
5,676

3,659

55.1

 
15,812

10,950

44.4

 
Encore
3,003

—

***.*

 
4,953

—

***.*

 
LaCrosse
4,157

4,237

(1.9
)
 
11,372

13,478

(15.6
)
 
Lucerne
2

103

(98.1
)
 
4

828

(99.5
)
 
Regal
1,605

2,609

(38.5
)
 
4,084

7,100

(42.5
)
 
Verano
3,564

2,497

42.7

 
11,395

4,980

128.8

 
Buick Total
18,007

13,105

37.4

 
47,620

37,336

27.5

 
ATS
3,587

—

***.*

 
9,750

—

***.*

 
CTS
2,791

4,485

(37.8
)
 
7,862

12,074

(34.9
)
 
DTS
—

79

***.*

 
3

236

(98.7
)
 
Escalade
987

1,010

(2.3
)
 
2,690

3,006

(10.5
)
 
Escalade ESV
746

656

13.7

 
1,846

1,877

(1.7
)
 
Escalade EXT
211

136

55.1

 
574

394

45.7

 
SRX
4,368

4,143

5.4

 
12,856

13,292

(3.3
)
 
STS
—

28

***.*

 
1

87

(98.9
)
 
XTS
3,061

—

***.*

 
7,130

—

***.*

 
Cadillac Total
15,751

10,537

49.5

 
42,712

30,966

37.9

 
Avalanche
2,057

2,083

(1.2
)
 
6,259

5,494

13.9

 
Aveo
—

9

***.*

 
—

42

***.*

 
Camaro
8,102

9,292

(12.8
)
 
19,198

21,924

(12.4
)
 
Caprice
241

121

99.2

 
679

368

84.5

 
Captiva Sport
4,576

2,670

71.4

 
12,379

7,220

71.5

 
Cobalt
—

—

***.*

 
—

3

***.*

 
Colorado
560

3,652

(84.7
)
 
2,210

10,056

(78.0
)
 
Corvette
1,053

1,376

(23.5
)
 
2,941

2,932

0.3

 
Cruze
23,260

21,607

7.7

 
55,731

57,083

(2.4
)
 
Equinox
20,997

20,064

4.7

 
58,869

51,577

14.1

 
Express
6,065

5,878

3.2

 
15,531

15,667

(0.9
)
 
HHR
—

4

***.*

 
2

9

(77.8
)
 
Impala
14,766

19,035

(22.4
)
 
44,343

50,377

(12.0
)
 
Malibu
18,539

23,887

(22.4
)
 
49,179

58,550

(16.0
)
 
Silverado-C/K Pickup
39,561

36,491

8.4

 
116,649

95,638

22.0

 
Sonic
6,907

8,251

(16.3
)
 
20,109

21,863

(8.0
)
 
Spark
3,538

—

***.*

 
8,782

—

***.*

 
Suburban (Chevy)
3,378

3,653

(7.5
)
 
9,415

9,892

(4.8
)
 
Tahoe
7,837

5,626

39.3

 
16,772

13,833

21.2

 
Traverse
10,944

7,085

54.5

 
26,412

21,691

21.8

 
Volt
1,478

2,289

(35.4
)
 
4,244

3,915

8.4

 
Chevrolet Total
173,859

173,073

0.5

 
469,704

448,134

4.8

 
Acadia
10,006

5,649

77.1

 
21,822

17,149

27.2

 
Canyon
154

941

(83.6
)
 
636

3,064

(79.2
)
 
Savana
955

2,074

(54.0
)
 
2,885

5,038

(42.7
)
 
Sierra
13,817

13,849

(0.2
)
 
40,796

34,672

17.7

 
Terrain
8,454

8,461

(0.1
)
 
26,806

22,196

20.8

 
Yukon
2,655

1,970

34.8

 
6,917

6,117

13.1

 
Yukon XL
2,292

1,393

64.5

 
5,065

3,648

38.8

 
GMC Total
38,333

34,337

11.6

 
104,927

91,884

14.2

 
GM Vehicle Total
245,950

231,052

6.4

 
664,963

608,320

9.3

 
 * 27 selling days for the March period this year and 28 for last year.
 
 
 
 
 



General Motors Co Reports