EX-99.1 2 ex-99109042012.htm EXHIBIT PRESS RELEASE AND SALES CHART EX-99.1 09042012



Exhibit 99.1
            

For Release: Tuesday, September 4, 2012, 10 a.m. EDT

GM U.S. Sales Increase 10 percent
Chevrolet passenger car sales up 25 percent

 
DETROIT - General Motors Co. (NYSE: GM) today reported August sales of 240,520 vehicles in the United States, up 10 percent compared with a year ago. GM increased its sales to retail customers by 11 percent, making August its best retail month of the year. Sales to fleet customers were up 6 percent compared with a year ago. All four GM brands posted higher total and retail sales.

Thanks in part to extensive national advertising during the Olympic Games, Chevrolet passenger car sales were up 25 percent, with the Spark, Sonic, Cruze and Volt all posting their best-ever monthly sales. In addition, the Chevrolet Equinox set an August record behind its 22 percent year-over-year sales increase.

“The single message Chevrolet communicated this summer was 'confidence' and it rang true with customers when they saw how our product lineup is being transformed,” said Kurt McNeil, vice president of U.S. sales operations. “All four of our brands are building momentum behind new products so we're very well positioned as the economy continues to slowly improve.”

Other sales highlights for August include an 11 percent year over year increase in Cadillac sales driven by strong demand for the SRX crossover, the Escalade and the new XTS large sedan. Buick sales increased 12 percent on the strength of the Verano, which has seen nine back-to-back monthly sales increases. Buick recorded its best retail sales since September 2007. GMC sales were up 4 percent, following a 35 percent reduction in fleet sales. GMC Acadia sales rose 26 percent in August and GMC Terrain sales were up 16 percent.

GM is in the midst of an aggressive rollout of new products in the United States. Some 70 percent of GM nameplates will be redesigned or all new over the course of 2012 and 2013, with the four-cylinder 2013 Chevrolet Malibu and the 2013 Cadillac ATS reaching the market now.

The redesigned Malibu arriving in dealerships will replace depleted stocks of 2012 models. The compact Cadillac ATS sport sedan is the brand's second all-new sedan this year and it will compete in the highest volume luxury segment in the United States.





2012 Highlights
Aug. Total Sales
Total Change vs. Aug. 2011
Aug. Retail Sales
Retail Change vs. Aug. 2011
CYTD
Sales
CYTD Change vs. 2011
CYTD Retail Sales
CYTD
Retail Change vs. 2011
Chevrolet
169,978
11.3%
117,597
11.6%
1,270,582
5.3%
856,102
4.1%
GMC
37,838
3.7%
33,450
12.4%
273,366
4.4%
227,781
3.1%
Buick
18,000
12.4%
16,149
8.3%
122,589
(3.1)%
108,892
2.5%
Cadillac
14,704
11.3%
13,726
12%
90,933
(9.5)%
85,803
(2.4)%
Total GM
240,520
10.1%
180,922
11.4%
1,757,470
3.7%
1,278,578
3.3%

Inventory
Units @
Aug. 31, 2012
Days Supply (selling day adjusted)
Units @
July 31, 2012
Days Supply
(selling day adjusted)
Year-end Inventory Target
Year-end Days Supply Target (selling day adjusted)
All Vehicles
687,354
77
663,439
79
650,000 units (range)
 65 - 70
Full-size Pickups
249,411
122
238,165
136
200,000 - 220,000 units
 80 - 85

Chevrolet Nameplate
New Sales Record
Old Sales Record
Old Sales Record Month
Spark
2,630
1,460
July 2012
Sonic
8,703
8,251
March 2012
Cruze
25,975
25,160
April 2011
Volt
2,831
2,289
March 2012

Industry Sales
Aug. SAAR (est.)
CYTD SAAR (est.)
Full Year 2012 (est.)
Light Vehicles
14.6 million
14.3 million
14.0 million - 14.5 million


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's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling. 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.


CONTACT:
Jim Cain
GM Communications
313-407-2843
james.cain@gm.com


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 liquidity and financing sources and an appropriate level of debt, 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; 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 provides information about these and other factors, which we may revise or supplement in future reports to the SEC.




 
August   
 
(Calendar Year-to-Date)
 
 
 
 
 
 
January -  August   
 
 
2012

2011

%Change Volume

 
2012

2011

%Change Volume

 
Enclave
5,125

5,387

(4.9
)
 
37,351

39,536

(5.5
)
 
LaCrosse
5,593

5,422

3.2

 
40,486

40,720

(0.6
)
 
Lucerne
10

1,392

(99.3
)
 
964

16,905

(94.3
)
 
Regal
2,072

3,820

(45.8
)
 
18,684

29,332

(36.3
)
 
Verano
5,200

—

***.*

 
25,104

—

***.*

 
Buick Total
18,000

16,021

12.4

 
122,589

126,493

(3.1
)
 
CTS
5,136

5,783

(11.2
)
 
35,362

37,237

(5.0
)
 
DTS
11

719

(98.5
)
 
460

10,172

(95.5
)
 
Escalade
1,264

1,105

14.4

 
8,381

8,964

(6.5
)
 
Escalade ESV
742

655

13.3

 
5,200

5,057

2.8

 
Escalade EXT
183

174

5.2

 
1,160

1,241

(6.5
)
 
SRX
5,203

4,627

12.4

 
35,564

34,960

1.7

 
STS
7

145

(95.2
)
 
156

2,806

(94.4
)
 
XLR
—

—

***.*

 
—

12

***.*

 
XTS
2,158

—

***.*

 
4,650

—

***.*

 
Cadillac Total
14,704

13,208

11.3

 
90,933

100,449

(9.5
)
 
Avalanche
2,294

1,789

28.2

 
15,119

12,128

24.7

 
Aveo
1

2,596

***.*

 
59

27,211

(99.8
)
 
Camaro
6,675

6,823

(2.2
)
 
63,298

63,255

0.1

 
Caprice
731

203

260.1

 
2,411

358

573.5

 
Captiva Sport
2,464

—

***.*

 
24,299

—

***.*

 
Cobalt
—

4

***.*

 
11

839

(98.7
)
 
Colorado
4,222

2,531

66.8

 
29,775

21,814

36.5

 
Corvette
1,210

936

29.3

 
9,219

9,123

1.1

 
Cruze
25,975

21,807

19.1

 
154,813

169,427

(8.6
)
 
Equinox
20,231

16,606

21.8

 
151,027

129,538

16.6

 
Express
6,861

5,819

17.9

 
54,005

44,118

22.4

 
HHR
—

794

***.*

 
20

36,613

***.*

 
Impala
17,066

13,329

28.0

 
124,920

124,300

0.5

 
Kodiak 4/5 Series
—

—

***.*

 
—

10

***.*

 
Malibu
14,495

17,840

(18.8
)
 
168,277

160,152

5.1

 
Silverado-C/K Pickup
38,295

36,832

4.0

 
261,775

252,738

3.6

 
Sonic
8,703

280

***.*

 
57,221

280

***.*

 
Spark
2,630

—

***.*

 
4,090

—

***.*

 
Suburban (Chevy)
3,093

4,938

(37.4
)
 
30,606

27,809

10.1

 
Tahoe
5,458

8,069

(32.4
)
 
44,785

47,823

(6.4
)
 
TrailBlazer
—

—

***.*

 
—

33

***.*

 
Traverse
6,743

11,281

(40.2
)
 
61,355

75,591

(18.8
)
 
Volt
2,831

302

837.4

 
13,497

3,172

325.5

 
Chevrolet Total
169,978

152,779

11.3

 
1,270,582

1,206,332

5.3

 
Acadia
8,148

6,491

25.5

 
57,698

56,726

1.7

 
Canyon
702

1,606

(56.3
)
 
7,063

7,176

(1.6
)
 
Envoy
—

—

***.*

 
—

5

***.*

 
Savana
1,545

895

72.6

 
16,254

12,250

32.7

 
Sierra
14,495

13,244

9.4

 
98,545

93,438

5.5

 
Terrain
9,143

7,875

16.1

 
63,340

56,541

12.0

 
Topkick 4/5 Series
***.*

***.*

***.*

 
—

5

***.*

 
Topkick 6/7/8 Series
***.*

***.*

***.*

 
—

8

***.*

 
Yukon
2,211

3,597

(38.5
)
 
17,078

20,999

(18.7
)
 
Yukon XL
1,594

2,763

(42.3
)
 
13,388

14,605

(8.3
)
 
GMC Total
37,838

36,471

3.7

 
273,366

261,753

4.4

 
GM Vehicle Total
240,520

218,479

10.1

 
1,757,470

1,695,027

3.7

 
 * 27 selling days for the August period this year and 26 for last year.