Investors: News

GM Delivers 187,195 Vehicles in September

Tue, Oct 1 2013

DETROIT – General Motors Co. (NYSE: GM) dealers delivered 187,195 vehicles in the United States in September, down 11 percent compared year over year. Retail sales were down 6 percent versus a year ago and fleet sales were down 27 percent. Retail sales were up 2 percent on a selling day-adjusted basis.

“We held our own when it comes to retail market share this month thanks to strong new products, including the Chevrolet Impala, Buick Encore, GMC Sierra and the Cadillac ATS and XTS,” said Kurt McNeil, vice president, U.S. sales operations. “We expect a strong finish to the year and more growth in 2014 thanks to new products and a healthier economy.”

Highlights (vs. 2012)

  • Buick sales increased 6 percent and Cadillac sales were up 10 percent. On a retail basis, Buick sales have now increased for 17 months in a row.
  • Chevrolet Malibu sales were up 29 percent, sales of the Spark were up 6 percent and retail sales of the Impala increased 64 percent. Chevrolet Tahoe sales were up 14 percent.
  • Third quarter retail sales for GM were up 13 percent and total sales were up 7 percent.
  • Through the first nine months of the year, Chevrolet, Buick, Cadillac and GMC have posted double-digit retail sales increases compared with 2012.
  • Year-to-date sales of Buick and Cadillac cars are up a combined 15 percent; large pickups are up 20 percent; large SUVs are up 15 percent; and compact crossovers are up 13 percent.

GM’s fleet sales in September reflect the strategic repositioning of the Impala, the temporary discontinuation of the Chevrolet Colorado and GMC Canyon, and lower Chevrolet Cruze sales.

Sales Tables

September

Total Sales

YOY Change

Retail Sales

YOY Change

Chevrolet

127,785

(14.7)%

94,563

(8.8)%

GMC

29,959

(9.7)%

27,725

(4.5)%

Buick

15,623

6.5%

13,875

2.0%

Cadillac

13,828

9.9%

12,899

7.6%

Total GM

187,195

(11.0)%

149,062

(5.8)%

 

 

 

 

 

CYTD

Total Sales

YOY Change

Retail Sales

YOY Change 

Chevrolet

1,493,329

5.1%

1,050,973

9.5%

GMC

333,213

8.7%

289,940

12.9%

Buick

157,503

14.7%

139,740

14.1%

Cadillac

133,414

28.9%

122,666

25.4%

Total GM

2,117,459

7.6%

1,603,319

11.6%

 

 

 

 

 

Fleet Segment

Month

YOY Change

CYTD

CYTD Change 

Fleet Share of Total GM Sales

20.4%

(4.3) points

24.3%

(2.7) points

 

 

 

 

 

Inventory

Units at
Month-end

Days Supply (selling day adjusted)

Units at Previous
Month-end

Days Supply (selling day adjusted)  

All Vehicles

670,191

82

628,644

64

 

Industry Sales

Month (est.)

CYTD (est.)  

Light Vehicle SAAR

15.3 million range

15.5 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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