GM’s U.S. Retail Sales Up 19 percent in November

Tue, Dec 3 2013

DETROIT – General Motors Co. (NYSE: GM) dealers delivered 212,060 vehicles in the United States in November, up 14 percent versus a year ago and the highest November sales in six years. Retail sales were up 19 percent and fleet sales were down 3 percent.

“November sales were strong at all four of our brands, and demand was robust for everything from cars to crossovers to the industry’s newest and best full-size pickups,” said Kurt McNeil, vice president, U.S. sales operations. “The sheer number of award-winning new models we have helped us grow faster than the industry for the second month in a row.”

GM’s product momentum will continue unabated. For example, the all-new 2014 Cadillac CTS, which is building availability, was recently named Motor Trend’s Car of the Year, an Automobile Magazine “All Star” and one of Car and Driver’s 10 Best cars.

Cadillac will also launch an all-new Escalade and the ELR in early 2014. In addition, Chevrolet and GMC are launching all-new heavy-duty pickups and large SUVs in the first quarter. Chevrolet also unveiled the Colorado, its new, highly acclaimed midsize pickup, at the Los Angeles International Auto Show. The Colorado goes on sale in the fall of 2014.

November Sales Highlights (vs. 2012)

  • Chevrolet sales were up 13 percent and retail deliveries were up 20 percent.  
  • Sales of Chevrolet cars increased 19 percent, with Malibu up 41 percent, Volt up 26 percent, Impala up 20 percent and Camaro up 14 percent. Retail deliveries of the Cruze were up 39 percent and Impala more than doubled.
  • The Chevrolet Cruze, Equinox and Volt had their best November sales ever.
  • Sales of the Chevrolet Tahoe were up 23 percent, the Traverse was up 21 percent and the Silverado was up 12 percent.
  • GMC sales were up 20 percent, with the Sierra up 22 percent and the Acadia crossover up 108 percent, which keeps it on track for its best year ever.
  • Small business sales were up 38 percent, including a 76-percent increase in pickup deliveries. Commercial fleet deliveries increased 18 percent.
  • Buick deliveries increased 13 percent and the brand is on track for its best year since 2005. November was Buick’s 19th consecutive month of year-over-year retail sales growth.  
  • Cadillac sales increased 11 percent and retail sales have grown in each of the past 18 months, driven by the success of the new XTS and ATS.

“We feel good about the direction of the economy and our own momentum,” McNeil said. “The economy is creating jobs and household wealth. Energy costs are dropping and credit is available and affordable. All of this bodes well for future growth.”

Sales Tables

November

Total Sales

YOY Change

Retail Sales

 YOY Change 

Chevrolet

145,089

12.6%

106,767

20.5%

GMC

35,727

19.8%

31,334

24.8%

Buick

15,072

13.4%

14,332

17.2%

Cadillac

16,172

11.4%

14,222

5.0%

Total

212,060

13.7%

166,655

19.4%

 

 

 

 

 

CYTD

Total Sales

YOY Change

Retail Sales

YOY Change

Chevrolet

1,793,632

6.5%

1,272,599

11.0%

GMC

407,781

10.2%

354,387

13.8%

Buick

190,130

16.0%

169,776

15.2%

Cadillac

164,378

25.0%

150,914

21.9%

Total GM

2,555,921

8.8%

1,947,676

12.6%

 

 

 

 

 

Fleet Segment

Month

YOY Change

CYTD

CYTD Change 

Share of Sales

21.4%

(3.8) points

23.8%

(2.6) points

 

 

 

 

 

Inventory

Units at
Month-end

Days Supply (selling day adjusted)

Units at Previous
Month-end

Days Supply (selling day adjusted)  

All Vehicles

779,517

96

727,812

87

 

Industry Sales

Month (est.)

CYTD (est.)

Light Vehicle SAAR

Above 16 million

15.6 million range

 

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 financing sources, including as required to fund our planned significant investment in new technology; our ability to successfully integrate Ally Financial’s international operations; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; overall strength and stability of our markets, particularly Europe; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K provides information about these and other factors, which we may revise or supplement in future reports to the SEC.

About General Motors Co.
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, 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.

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