Investors: Sales

Motor Vehicle Sales Surprise in January

Mon, Feb 4 2013

January saw a welcome improvement in sales of light commercial vehicles. This segment is up by 20% versus January last year with 13 346 vehicles sold compared to the 11 120 last year. GMSA showed growth of 39,3% here, largely attributable to the popularity of the Chevrolet Utility.  The Isuzu KB also sold in excess of 1 350 units as we eagerly await the arrival of the 6th Generation Isuzu next month.

Motor vehicle sales statistics for January came in with higher than expected volumes to start the new year. The 55 007 sales reported are up by 14,1% (6 800 units) on January 2012 with some anomalies evident.

“The new year has certainly got off to a bumper start with surprisingly high sales,” says Malcolm Gauld, GMSA’s Vice President, Vehicle Sales Service and Marketing. “A welcome start to the year but we remain cautious about the sustainability of any high level of growth over the next 11 months. It is our view that growth will be constrained by economic conservatism through the year with demand levelling out and single digit growth the real prospect by year-end.

“A key driver of sales in January was increased demand by the vehicle rental industry. Sales to this market channel were up by 51,4% over January 2012 in a marked change in the normal seasonal buying pattern as purchases were brought forward into January. We anticipate that demand in this sector will average out over the coming months.

Passenger vehicle sales show an increase of 12,3% over January 2012. Overall sales through the dealer channel are up by 11,4%, which would indicate continued support from private buyers.

Within the GMSA model line-up the Chevrolet Cruze featured as the number ten best seller with 551 sales supported by the Chevrolet Spark, Aveo and Sonic, all just outside of the top ten listing. The all-new Trailblazer continues to establish itself in the market after its launch towards the end of last year with 297 sales for January. In the light commercial segment the Chevrolet Utility continues as a popular choice with 1 528 deliveries for the month.

We expect that sales will be supported by new model activity through the first quarter with a number of new and revised passenger models entering the market. Major focus will however be on the light commercial sector through March, led by the introduction of the latest 6th Generation Isuzu KB


Historical Releases

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.