Investors: International Sales

Vehicle Sales Remain Positive But Trend Towards More Realistic Growth Expectations

Mon, Jul 1 2013

·       Total sales reported of 53 562 for June

·       GMSA sales of 5 111 units

·       Chevrolet Utility achieves sales of 1 672 units in sub-1 ton market

·       New Spark Pronto continues to build itself up as a unique urban delivery solution

Motor vehicle sales figures released through the Department of Trade and Industry today show continued, albeit somewhat muted, growth in vehicle sales during June. “The 53 562 sales reported through the DTI are up 3,3% on June last year as the industry adjusts to real market expectations for growth year-on-year,” says Malcolm Gauld, GMSA’s Vice President Vehicle Sales, Service and Marketing.

“The total market is running 6,8% ahead of last year for the six months to date and is trending towards the realistic growth expectation of 5% for the year. Passenger vehicles accounted for 37 057 of the total sales running just 3,2% ahead of last June with continued support from private buyers driving sales in this sector. After a couple of strong months the light commercial sector grew by just 2,3% compared to the same month last year. In contrast the medium commercial sector grew by 20,5%, albeit off a small base.

“Daily sales through the dealer channel were up on May with the daily average of 2 393 units being derived from 3 fewer selling days in June compared to May.  This would indicate a higher level of showroom traffic encouraged by a mix of incentive selling and hedging against price escalations. Sales were buoyed further during June by a high level of activity in the government and rental sectors.

“The market continues to be supported by an intense level of promotional activity aimed at maintaining the interest of private buyers. Against this background we can expect a period of consolidation in the industry over the coming months. The relatively low cost of finance remains a positive for buyers but the impact of imported inflation as a result of the reduced value of our currency will undoubtedly place upward pressure on new vehicle prices.

“Within the GMSA product range the Chevrolet Utility continues to be a favourite amongst buyers in the sub-1 ton market with 1 672 of the popular small pick-ups delivered during June. The announcement of the Spark range for 2013 saw the addition of the Spark Pronto to our light commercial range as a unique urban delivery solution that is fully compliant with VAT legislation making it an excellent value for money proposition for any business that has the need to move small packages in an urban environment. During June deliveries of the locally manufactured Pronto were 74 units as the vehicle continues to establish itself in a previously untapped market opened up to GMSA through the commitment to local manufacture of the Spark range of small vehicles.

“In the medium passenger sector the Chevrolet Cruze remained a popular choice in June with 511 deliveries while the Chevrolet Spark drew strong support in the small car segment with 484 sales.

View Terms & Conditions

LEGAL NOTICES
PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE

THIS WEB SITE (THE "SITE") IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN THE SITE. IF YOU DO NOT AGREE TO ABIDE BY AND BE BOUND BY THESE TERMS AND CONDITIONS, DO NOT USE THIS SITE OR DOWNLOAD MATERIALS FROM THE SITE.

LINKS TO OTHER MATERIALS: As a convenience to you, GM may provide on this Site links to Web sites (the "linked sites") that are operated by other entities. The linked sites are not under the control of GM and GM is not responsible for the content of any linked site or any link contained in a linked site. GM reserves the right to terminate any link or linking program at any time. GM does not endorse companies or products to which it links and reserves the right to note as such on its Web pages. If you decide to access any of the third party sites linked to this Site, you do this entirety at your own risk and it is your responsibility to take all protective measures to guard against viruses or other destructive elements.

APPLICABLE LAWS: This Site is controlled by GM from its offices within the United States of America. GM makes no representation that information in this Site is appropriate or available for use in other locations, and access to this Site from countries or territories where the Site's content is illegal is prohibited. If you access this Site from outside the United States, you do so on your own initiative and you are responsible for compliance with all applicable local laws. These Terms and Conditions of use are governed by the laws of the State of New York, without giving effect to its conflict of laws provisions.

GENERAL: GM reserves the right, at its sole discretion, to change, modify, add or remove any portion of these Terms and Conditions, in whole or in part, at any time. Changes will be effective when notice of such change is posted. Your continued use of the Site after any changes are posted will be considered acceptance of those changes. You should visit this page from time to time to review the then-current Terms and Conditions because they are binding on you.

THE INFORMATION CONTAINED HEREIN MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. GM DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE INFORMATION OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THIS SITE OR ANY LINKED WEB SITE. YOU ACKNOWLEDGE THAT ANY RELIANCE ON ANY SUCH OPINION, ADVICE, STATEMENT, MEMORANDUM, OR INFORMATION SHALL BE AT YOUR SOLE RISK. GM RESERVES THE RIGHT, IN ITS SOLE DISCRETION, TO CORRECT ANY ERRORS OR OMISSIONS IN ANY PORTION OF THE SITE. GM MAY MAKE ANY OTHER CHANGES TO THIS SITE AND THE INFORMATION CONTAINED IN THIS SITE AT ANY TIME WITHOUT NOTICE.

IN NO EVENT SHALL GM OR ANY OF ITS SUBSIDIARIES BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION OR PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM) THAT ARE RELATED TO THE USE OF, OR THE INABILITY TO USE, THE CONTENT, MATERIALS, AND FUNCTIONS OF THIS SITE OR ANY LINKED WEB SITE, EVEN IF GM IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

On this website, 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 planning significant investment in new technology; 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 provide information about these and other factors, which we may revise or supplement in future reports to the SEC.