Investors: News

GM Reports its Highest Monthly Sales Since September 2008

Mon, Jun 3 2013

DETROIT – General Motors Co. (NYSE: GM) sold 252,894 vehicles in the United States in May, up 3 percent compared with a year ago. Retail sales increased 9 percent, fleet sales were down 10 percent and the fleet mix was 26 percent of total sales.

“Cadillac is growing faster than it has in almost 40 years, the pickup rebound is in full swing and we’re seeing strong retail demand for our crossovers” said Kurt McNeil, vice president of U.S. sales operations. “These are all powerful signs that the gradual recovery in the economy is becoming more broad-based. That’s great news for the auto industry and General Motors.”

GM’s trucks sales were up 15 percent versus a year ago, including a 23 percent increase for large pickups and a 30 percent increase for large SUVs.

Crossover sales were up 3 percent. Compact crossover sales were up 10 percent and set a monthly record behind the Chevrolet Equinox, which had its best month ever. The Equinox has now posted 17 consecutive monthly sales increases.

Retail passenger car sales were up 2 percent while total sales were down 6 percent. Lower fleet sales were due primarily to the timing of customer deliveries.

May 2013 Sales

Total Sales

YOY Change

Retail Sales

YOY Change

Chevrolet

179,510

0.9%

124,897

5.4%

GMC

41,594

7.0%

33,814

11.5%

Buick

17,982

(3.1)%

15,897

9.9%

Cadillac

13,808

39.9%

13,050

36.6%

Total GM

252,894

3.1%

187,658

8.6%

 

May Highlights (vs. 2012)

  • Cadillac’s 40 percent sales increase marked its best May since 2007.
  • Chevrolet had its best retail sales month since August 2009.
  • Retail sales of GM’s redesigned medium crossovers were very strong: the Chevrolet Traverse was up 14 percent, and GMC Acadia and Buick Enclave were up 15 percent and 19 percent, respectively.

May Highlights (vs. 2012) - continued

  • Strong Chevrolet Spark sales and double-digit increases for the Buick Verano, Chevrolet Sonic and Cruze drove a 27 percent increase in sales of mini, small and compact cars.
  • The Chevrolet Cruze had its best May sales ever, and the Sonic had its best month ever.
  • Chevrolet dealers delivered more than 2,350 all-new 2014 Impalas.

Calendar Year-to-Date

CYTD Sales

Total Sales

YOY Change

Retail Sales

YOY Change

Chevrolet

821,674

5.1%

559,991

6.6%

GMC

181,320

11.0%

154,874

12.7%

Buick

82,759

16.0%

74,113

16.9%

Cadillac

69,750

37.6%

62,937

28.6%

Total GM

1,155,503

8.3%

851,915

9.9%

 

Calendar Year-to-Date Highlights (vs. 2012)

  • The last time Cadillac delivered a larger year-to-date sales increase was in 1976.
  • Buick retail sales have increased for 13 consecutive months.
  • Truck sales were up 12 percent, including a 22 percent increase in sales of large pickups and a 23 percent increase for large SUVs.
  • Crossover sales were up 17 percent and car sales were essentially equal to a year ago.
  • GM’s fleet mix was 26 percent, which is in line with the company’s full-year strategy.

Inventory

Units @
May 31

Days Supply (selling day adjusted)

Units @
April 30

Days Supply (selling day adjusted)

All Vehicles

708,939

73

720,699

76

Full-size Pickups

220,466

93

228,524

103

 

Industry Sales

May SAAR (est.)

Calendar Year (est.)

GM Full Year Forecast

Light Vehicles

15.4 million range

15.2 million

15.0 – 15.5 million range

 

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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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.


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