Investors: News

GM’s U.S. Sales up 16 percent in October

Fri, Nov 1 2013

DETROIT – General Motors Co. (NYSE: GM) dealers delivered 226,402 vehicles in the United States in October, up 16 percent versus a year ago. Retail sales were also up 16 percent and fleet sales were up 14 percent.

“Chevrolet, Cadillac and Buick-GMC all performed well in the month, and the sales tempo really picked up after the government shutdown ended,” said Kurt McNeil, vice president, U.S. sales operations. “We are particularly pleased with our truck momentum. Chevrolet and GMC have the newest and best light duty trucks, sales are accelerating and we are gearing up for the second, third and fourth phases of our strategic truck plan.”

This month, the premium Chevrolet Silverado High Country and GMC Sierra Denali will hit showrooms, followed by a redesigned range of heavy-duty pickups in the first quarter of 2014. All-new Chevrolet, GMC and Cadillac full-size SUVs also arrive in the first quarter, and later in the year, GM will introduce clean-sheet redesigns of the Chevrolet Colorado and GMC Canyon mid-size pickups.

October Sales Highlights (vs. 2012)

  • Buick total sales increased 31 percent and retail sales were up 25 percent for the 18 th consecutive month of year-over-year growth. Regal sales increased 47 percent.
  • Cadillac’s sales increased 10 percent and have grown in each of the last 13 months thanks to the all-new XTS and ATS. In addition, the SRX is on track for its best year ever. Retail sales were up 12 percent for the brand and more than 60 percent of buyers did not trade in a Cadillac.
  • GMC was up 16 percent. The Terrain had its best October sales ever.
  • Chevrolet was up 15 percent. Thirteen nameplates posted double-digit increases, including every SUV and crossover nameplate.
  • Retail sales of Chevrolet passenger cars were up 32 percent. Cruze had its best-ever October retail sales. Impala retail deliveries nearly doubled and Malibu retail sales increased 58 percent.
  • Deliveries of the Chevrolet Silverado and GMC Sierra were up 10 percent and 13 percent, respectively.

Sales of the new 2014 light duty Silverado and Sierra increased 62 percent from September 2013. They accounted for about 76 percent of GM’s light duty deliveries, per plan.

Strong calendar-year-to-date sales have helped Chevrolet and GMC earn a 30 percent share of light-duty pickups priced $40,000 or above. That is up 5 percentage points versus 2012.

Sales Tables

October

Total Sales

YOY Change

Retail Sales

YOY Change 

Chevrolet

155,214

14.7%

114,859

16.9%

GMC

38,841

15.7%

33,113

11.7%

Buick

17,555

31.2%

15,704

24.6%

Cadillac

14,792

9.5%

14,026

12.1%

Total

226,402

15.7%

177,702

16.1%

 

 

 

 

 

CYTD

Total Sales

YOY Change

Retail Sales

YOY Change 

Chevrolet

1,648,543

6.0%

1,165,832

10.2%

GMC

372,054

9.4%

323,053

12.8%

Buick

175,058

16.2%

155,444

15.1%

Cadillac

148,206

26.7%

136,692

23.9%

Total GM

2,343,861

8.3%

1,781,021

12.0%

 

 

 

 

 

Fleet Segment

Month

YOY Change

CYTD

CYTD Change 

Share of Sales

21.5%

(0.3) points

24.0%

(2.5) points

 

 

 

 

 

Inventory

Units at
Month-end

Days Supply (selling day adjusted)

Units at Previous
Month-end

Days Supply (selling day adjusted)

All Vehicles

727,812

87

670,191

82

 

Industry Sales

Month (est.)  

 CYTD (est.)  

Light Vehicle SAAR

15.6 million range

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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