Exhibit 99.1
For Release: Tuesday, Oct. 1, 2013, 10 a.m. EDT
GM Delivers 187,195 Vehicles in September
Buick sales increase 6 percent and Cadillac sales grow by 10 percent
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.
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.
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, Isuzu, 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.
CONTACT:
Jim Cain
313-407-2843
james.cain@gm.com
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 |
September | (Calendar Year-to-Date) January - September | |||||||||||||
2013 | 2012 | %Change Volume | 2013 | 2012 | %Change Volume | |||||||||
Enclave | 3,477 | 4,210 | (17.4 | ) | 46,384 | 41,561 | 11.6 | |||||||
Encore | 3,206 | — | ***.* | 22,930 | — | ***.* | ||||||||
LaCrosse | 3,952 | 4,580 | (13.7 | ) | 38,845 | 45,066 | (13.8 | ) | ||||||
Regal | 1,300 | 1,839 | (29.3 | ) | 12,767 | 20,523 | (37.8 | ) | ||||||
Verano | 3,688 | 4,042 | (8.8 | ) | 36,568 | 29,146 | 25.5 | |||||||
Buick Total* | 15,623 | 14,673 | 6.5 | 157,503 | 137,262 | 14.7 | ||||||||
ATS | 2,739 | 611 | 348.3 | 28,207 | 611 | ***.* | ||||||||
CTS | 2,408 | 3,103 | (22.4 | ) | 24,410 | 38,465 | (36.5 | ) | ||||||
Escalade | 968 | 913 | 6.0 | 8,953 | 9,294 | (3.7 | ) | |||||||
Escalade ESV | 634 | 595 | 6.6 | 5,916 | 5,795 | 2.1 | ||||||||
Escalade EXT | 152 | 188 | (19.1 | ) | 1,674 | 1,348 | 24.2 | |||||||
SRX | 4,362 | 4,660 | (6.4 | ) | 40,506 | 40,224 | 0.7 | |||||||
XTS | 2,565 | 2,506 | 2.4 | 23,722 | 7,156 | 231.5 | ||||||||
Cadillac Total* | 13,828 | 12,579 | 9.9 | 133,414 | 103,512 | 28.9 | ||||||||
Avalanche | 719 | 2,030 | (64.6 | ) | 15,618 | 17,149 | (8.9 | ) | ||||||
Camaro | 5,659 | 5,670 | (0.2 | ) | 64,815 | 68,968 | (6.0 | ) | ||||||
Caprice | 514 | 454 | 13.2 | 2,966 | 2,865 | 3.5 | ||||||||
Captiva Sport | 3,248 | 2,849 | 14.0 | 36,293 | 27,148 | 33.7 | ||||||||
Colorado | 41 | 2,833 | (98.6 | ) | 3,375 | 32,608 | (89.6 | ) | ||||||
Corvette | 831 | 1,351 | (38.5 | ) | 7,830 | 10,570 | (25.9 | ) | ||||||
Cruze | 12,730 | 25,787 | (50.6 | ) | 195,775 | 180,600 | 8.4 | |||||||
Equinox | 15,443 | 15,835 | (2.5 | ) | 185,420 | 166,862 | 11.1 | |||||||
Express | 5,235 | 3,881 | 34.9 | 59,624 | 57,886 | 3.0 | ||||||||
Impala | 11,462 | 15,259 | (24.9 | ) | 121,033 | 140,179 | (13.7 | ) | ||||||
Malibu | 14,487 | 11,188 | 29.5 | 154,950 | 179,465 | (13.7 | ) | |||||||
Silverado-C/K Pickup | 32,506 | 36,425 | (10.8 | ) | 360,775 | 298,200 | 21.0 | |||||||
Sonic | 7,335 | 7,525 | (2.5 | ) | 69,649 | 64,746 | 7.6 | |||||||
Spark | 2,355 | 2,223 | 5.9 | 28,324 | 6,313 | 348.7 | ||||||||
Suburban (Chevy) | 2,733 | 3,254 | (16.0 | ) | 34,580 | 33,860 | 2.1 | |||||||
Tahoe | 5,332 | 4,696 | 13.5 | 60,126 | 49,481 | 21.5 | ||||||||
Traverse | 5,389 | 5,687 | (5.2 | ) | 75,411 | 67,042 | 12.5 | |||||||
Volt | 1,766 | 2,851 | (38.1 | ) | 16,760 | 16,348 | 2.5 | |||||||
Chevrolet Total* | 127,785 | 149,801 | (14.7 | ) | 1,493,329 | 1,420,383 | 5.1 | |||||||
Acadia | 5,565 | 6,159 | (9.6 | ) | 67,422 | 63,857 | 5.6 | |||||||
Canyon | 8 | 555 | (98.6 | ) | 918 | 7,618 | (87.9 | ) | ||||||
Savana | 820 | 1,005 | (18.4 | ) | 11,558 | 17,259 | (33.0 | ) | ||||||
Sierra | 13,438 | 13,636 | (1.5 | ) | 135,670 | 112,181 | 20.9 | |||||||
Terrain | 7,141 | 7,486 | (4.6 | ) | 76,792 | 70,826 | 8.4 | |||||||
Yukon | 1,667 | 2,071 | (19.5 | ) | 18,907 | 19,149 | (1.3 | ) | ||||||
Yukon XL | 1,320 | 2,280 | (42.1 | ) | 21,946 | 15,668 | 40.1 | |||||||
GMC Total | 29,959 | 33,192 | (9.7 | ) | 333,213 | 306,558 | 8.7 | |||||||
GM Vehicle Total* | 187,195 | 210,245 | (11.0 | ) | 2,117,459 | 1,967,715 | 7.6 | |||||||
23 selling days for the September period this year and 25 for last year. | ||||||||||||||
*Totals include discontinued models: Buick Lucerne, Cadillac DTS and STS, Chevrolet Aveo, Cobalt and HHR. |