GM Sold 7.2 Million Vehicles in the First Nine Months of 2015

General Motors Co. (NYSE: GM) sold 7.2 million vehicles globally in the first nine months of 2015. The company posted sales increases in four of its five largest markets, with record sales in China and strong retail sales gains in the United States. Total sales were down 1 percent, due primarily to the company’s previously announced decisions to strategically reduce its presence in certain markets, as well as difficult market conditions in South America.

DETROIT – General Motors Co. (NYSE: GM) sold 7.2 million vehicles globally in the first nine months of 2015. The company posted sales increases in four of its five largest markets, with record sales in China and strong retail sales gains in the United States. Total sales were down 1 percent, due primarily to the company’s previously announced decisions to strategically reduce its presence in certain markets, as well as difficult market conditions in South America.

“Our unwavering focus on the customer is paying off in our largest and most important markets as we execute one successful launch after another in the right segments,” said GM President Dan Ammann. “At the same time, we have reacted quickly to challenging macroeconomic environments in other markets and have shown the discipline to exit situations where we see no long-term path to acceptable returns.”
Examples of GM’s recent success include:

  • GM truck sales in North America were up 16 percent in the first nine months of 2015, driven by a 17 percent increase in Chevrolet truck deliveries in the United States.
  • Chevrolet had record crossover sales in North America in the same period, up 17 percent year over year.
  • In China, crossovers like the Chevrolet Trax and Buick Envision represented more than 17 percent of sales by GM and its joint ventures in September, up from 6 percent a year ago.
  • Cadillac had record sales in China with deliveries rising 12 percent to nearly 57,000 units.

GM is preparing to launch even more new trucks and crossovers during the next several months, including the all-new Cadillac XT5, a redesigned Chevrolet Silverado and a diesel-powered Chevrolet Colorado for North America, and the Baojun 560 in China. Key car launches include the all-new Chevrolet Malibu and Cruze in North America and the Opel Astra in Europe.

Additional Highlights (vs. 2014)

First Nine Months 

  • In the United States, Chevrolet has reported six consecutive months of retail sales and market share gains and has strategically reduced sales to rental companies by more than 50,000 units through September.
  • Opel/Vauxhall increased its European market share and grew sales in 19 countries, including Italy, Spain, France, the U.K. and Germany.
  • Buick had record deliveries in China, with sales up 4 percent to nearly 670,000 units.
  • Baojun had record sales, with deliveries rising 236 percent to more than 270,000 units.
  • GMC’s global sales increased 11 percent, and four of the brand’s SUVs and pickup trucks – the Yukon, Yukon XL, Sierra and Canyon – have the highest average transaction prices of any vehicles in their respective segments in the United States, according to J.D. Power PIN estimates.

Third Quarter

  • Among GM’s largest markets, sales rose in the United States, the U.K. and Canada.
  • Opel/Vauxhall, Buick, Cadillac, GMC and Baojun all reported higher sales.
  • Chevrolet had record crossover sales in the United States, up 24 percent, while Chevrolet U.S. truck sales increased 16 percent.
  • Deliveries in South Korea were up 11 percent to record of nearly 43,000 units.
  • Global sales were down 3 percent.  

GM Global Sales: January - September 2015

        Calendar Year-to-Date

Region

Total  Sales

YOY Change

Pct. Change

Total  Sales

YOY Change

Pct. Change

GM North America

930,758

46,110

5.2%

2,685,342

126,257

4.9%

GM Europe

287,690

3,137

1.1%

898,236

(60,131)

(6.3%)

GM South America

150,142

(66,956)

(30.8%)

485,557

(156,749)

(24.4%)

GM International

191,847

(21,928)

(10.3%)

589,854

(41,525)

(6.6%)

GM China **

773,226

(33,902)

(4.2%)

2,492,428

38,215

1.6%

Total

2,333,663

(73,539)

(3.1%)

7,151,417

(93,933)

(1.3%)

 

             

Quarter 3

Calendar Year-to-Date

Sales by Brand **

Total  Sales

YOY Change

Pct. Change

Total  Sales

YOY Change

Pct. Change

Chevrolet

1,078,847

(112,998)

(9.5%)

3,291,133

(252,280)

(7.1%)

Opel/Vauxhall

272,619

14,007

5.4%

864,338

31,256

3.8%

Buick

300,335

10,858

3.8%

852,289

21,635

2.6%

Cadillac

67,895

997

1.5%

198,993

6,228

3.2%

GMC

176,222

11,100

6.7%

499,343

48,933

10.9%

Baojun

110,977

69,395

166.9%

270,488

189,857

235.5%

Wuling

286,155

(55,358)

(16.2%)

1,050,327

(100,110)

(8.7%)

All Others

40,613

(11,540)

(22.1%)

124,506

(39,452)

(24.1%)

Total

2,333,663

(73,539)

(3.1%)

7,151,417

(93,933)

(1.3%)

             

Notes:
GM North America = United States, Canada, Mexico, and other North American markets*
GM Europe = Western, Central and Eastern Europe
GM International = Asia-Pacific, Africa and the Middle East*
** Includes China retail sales
* Cuba, Iran, North Korea, Syria and Sudan are excluded from sales volume calculations

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, our use of the words “plans,” “goals,” “expect,” “anticipate,” “possible,” “target,” “believe,” “commit,” “intend” “continue,” “may,” “would,” “could,” “should,” “project,” “appears,” “potential,” “projected,” “on track,” “upside,” “positioned,” “outlook” 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 may 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 and the cost and effect on our reputation of product recalls; our ability to maintain adequate financing sources, including as required to fund our planned significant investment in new technology; 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 outside of North America and China; costs and risks associated with litigation and government investigations including those related to our various recalls and risks, consequences and costs associate with failure to comply with the deferred prosecution agreement and the monitorship thereunder; our ability to negotiate a successful new collective bargaining agreement with the UAW and avoid any costly work stoppage; our ability to remain competitive and our ability to continue to attract new customers, particularly for our new products. GM’s most recent reports on Form 10-K and Form 10-Q provide information about these and other factors, which we may revise or supplement in future reports to the Securities and Exchange Commission.