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GM Reports 282,732 Deliveries in March; 805,720 In First Quarter
March Highlights
- Chevrolet Car Retail Sales Up 6 Percent Led By A 122 Percent Increase in Malibu and a 16 Percent Increase in Impala Sales
- Cadillac Retail Car Sales Up 22 Percent with a 43 Percent Increase in CTS and 6 Percent Increase in DTS
- Strong Retail Month at Saturn with Aura Up 25 Percent, Vue Up 18 Percent and Outlook Up 14 Percent, offsetting Ion
- Enclave, Acadia and Outlook Drive Mid-Utility Crossover Segment Up 45 Percent
- Saab Total Sales Up 12 Percent; GMC Total Sales Up 1 Percent
Q1 Highlights
- Retail Share Remains Stable Despite Market Pressures; Fleet Sales Down 7 Percent
- Continued Strength of Malibu, Impala, CTS and Aura Driving Passenger Car Growth
- GM’s Mid-Utility Crossover Segment Grows 47 Percent
DETROIT –
GM dealers in the United States delivered 282,732 vehicles in March, a
decrease of 13 percent when compared with the same month a year ago.
For the first three months of 2008, GM total sales of 805,720 vehicles
were down 11 percent compared with a year ago. Retail share appears to
have remained stable throughout the month and the quarter.
“Our
new launch vehicles, including the award-winning Chevrolet Malibu,
Cadillac CTS, and our new crossovers -- Enclave, Acadia and Outlook --
had a strong month,” said Mark LaNeve, vice president, GM North America
Vehicle Sales, Service and Marketing.
“Most
importantly, despite the tough economy and soft truck market, we
anticipate our total retail vehicle sales share to have remained flat
for the month and the first three months of the year. We are encouraged
by our performance in the key passenger car categories, and we
anticipate holding our share for full-size pickups and utilities,”
LaNeve added.
There were several bright spots in the truck category, including GMC
Sierra pickup sales that were up 4 percent total and 1 percent retail
for the month. Saturn Vue total sales were up 12 percent and retail
climbed 18 percent. The Buick Enclave, GMC Acadia and Saturn Outlook
crossovers together accounted for more than 14,000 vehicle sales in the
month, an increase of 45 percent compared with the same month last
year. Outlook sales were up 18 percent; Acadia sales increased 39
percent; and there were more than 4,400 Buick Enclaves sold. The Saab
9-7X also increased its total sales 18 percent for the month. GM total
truck sales for the month declined 16 percent compared with March 2007.
GM’s fuel-efficient cars saw strong growth. Chevrolet Malibu total
sales were up 7 percent with retail sales up 122 percent, and Impala
sales were up 10 percent total and 16 percent retail. Pontiac Vibe
total sales were up 39 percent with retail up 4 percent, while G6 was
up 31 percent total compared with March 2007. In the luxury car
segment, the award-winning Cadillac CTS saw total sales increase 33
percent with a strong retail increase of 43 percent. The just-released
2009 Pontiac Vibe and G8 are selling as fast as they are delivered to
dealers.
“For
the first three months of the year, GM has four of the top-10 selling
cars in the market with Impala, Cobalt, G6 and Malibu. Our sales
performance in mid-cars and crossovers shows the power of new products
to attract consumers – even in a tough market,” LaNeve added.
“Consumers can always walk into a GM showroom and know they’ll get a
vehicle with industry-leading value, great fuel economy and the best
warranty coverage of any full-line automaker.”
Certified Used Vehicles
March 2008 sales for all certified GM brands, including GM Certified
Used Vehicles, Cadillac Certified Pre-Owned Vehicles, Saturn Certified
Pre-Owned Vehicles, Saab Certified Pre-Owned Vehicles, and HUMMER
Certified Pre-Owned Vehicles, were 43,659 vehicles, down 19 percent
from March 2007 results. Year-to-date sales are 123,633 vehicles, down
12 percent from the same period last year.
GM Certified Used Vehicles, the industry’s top-selling certified brand,
posted March sales of 38,612 vehicles, down 19 percent from last March,
when GM Certified set an industry monthly sales record for the
certified category. Cadillac Certified Pre-Owned Vehicles sold 3,324
vehicles, down 14 percent. Saturn Certified Pre-Owned Vehicles sold
1,042 vehicles, down 35 percent. Saab Certified Pre-Owned Ve hicles
sold 518 vehicles, down 32 percent, and HUMMER Certified Pre-Owned
Vehicles sold 163 vehicles, up 39 percent.
“We’re
encouraged that GM Certified Used Vehicles sales grew 2 percent from
the previous month, the second consecutive monthly sales increase for
the brand,” said LaNeve. “The Hummer Certified Pre-Owned Vehicles
program posted one of its best months ever, with a 39 percent increase
from last March.”
GM
North America Reports March and First -Quarter 2008 Production , 2008
Second-Quarter Production Forecast Unchanged at 1.08 Million Vehicles
In March, GM North America produced 237,000 vehicles (124,000 cars and
113,000 trucks). This is down 164,000 vehicles or 41 percent compared
to March 2007 when the region produced 401,000 vehicles (134,000 cars
and 267,000 trucks). (Production totals include joint venture
production of 20,000 vehicles in March 2008 and 15,000 vehicles in
March 2007.)
GM North America built 885,000 vehicles ( 360,000 cars and 525,000
trucks) in the first-quarter of 2008. This is down 178,000 vehicles or
17 percent compared to first-quarter 2007 actuals when the region
produced 1.063 million vehicles (399,000 cars and 664,000 trucks).
Nearly 100,000 units of production have been lost due to the strike at
American Axle. Additionally, the region’s 2008 second-quarter
production forecast remains unchanged at 1.08 million vehicles (408,000
cars and 672,000 trucks ).
General Motors Corp. (NYSE: GM), the world’s largest automaker, has
been the annual global industry sales leader for 77 years. Founded in
1908, GM today employs about 266,000 people around the world. With
global headquarters in Detroit, GM manufactures its cars and trucks in
35 countries. In 2007, nearly 9.37 million GM cars and trucks were sold
globally under the following brands: Buick, Cadillac, Chevrolet, GMC,
GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and
Wuling. GM’s OnStar subsidiary is the industry leader in vehicle
safety, security and information services. More information on GM can
be found at www.gm.com.
Note:
GM sales and production results are available on GM Media OnLine at
http://media.gm.com by clicking on News, then Sales/Production. In this
press release and related comments by General Motors management, we use
words like "expect," "anticipate," "estimate," "forecast," "objective,"
"plan," "goal" and similar expressions to identify forward-looking
statements, representing our current judgment about possible future
events. We believe these judgments are reasonable, but actual results
may differ materially due to a variety of important factors. Among
other items, such factors might include: the pace of introductions and
market acceptance of new products; the effect of competition on our
markets and significant changes in the competitive environment; price
increases or shortages of fuel; and changes in laws, regulations or tax
rates. GM’s most recent annual report on Form 10-K and quarterly report
on Form 10-Q provide information about these factors, which may be
revised or supplemented in future reports to the SEC on Form 10-Q or
8-K.
###
|
*S/D Curr: 26 *S/D Prev: 28 |
March |
(Calendar Year-to-Date) January - March |
| 2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
| Vehicle Total |
282,732 |
349,866 |
-19.2 |
-13.0 |
805,720 |
909,093 |
-11.4 |
| Car Total |
117,378 |
136,865 |
-14.2 |
-7.6 |
329,344 |
349,923 |
-5.9 |
| Light Truck Total |
163,335 |
208,552 |
-21.7 |
-15.7 |
471,032 |
548,519 |
-14.1 |
| Light Vehicle Total |
280,713 |
345,417 |
-18.7 |
-12.5 |
800,376 |
898,442 |
-10.9 |
| Truck Total |
165,354 |
213,001 |
-22.4 |
-16.4 |
476,376 |
559,170 |
-14.8 |
| GM Vehicle Deliveries by Marketing Division |
| |
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
| Buick Total |
12,317 |
16,222 |
-24.1 |
-18.2 |
37,834 |
43,343 |
-12.7 |
| Cadillac Total |
17,453 |
18,943 |
-7.9 |
-0.8 |
46,665 |
46,825 |
-0.3 |
| Chevrolet Total |
164,564 |
213,156 |
-22.8 |
-16.9 |
480,278 |
548,693 |
-12.5 |
| GMC Total |
38,422 |
40,894 |
-6.0 |
1.2 |
103,929 |
110,661 |
-6.1 |
| HUMMER Total |
3,451 |
4,847 |
-28.8 |
-23.3 |
9,863 |
13,004 |
-24.2 |
| **Other-Isuzu Total |
0 |
1,396 |
***.* |
***.* |
0 |
3,023 |
***.* |
| Pontiac Total |
25,417 |
30,448 |
-16.5 |
-10.1 |
72,377 |
79,071 |
-8.5 |
| Saab Total |
2,962 |
2,837 |
4.4 |
12.4 |
6,468 |
7,420 |
-12.8 |
| Saturn Total |
18,146 |
21,123 |
-14.1 |
-7.5 |
48,306 |
57,053 |
-15.3 |
| GM Vehicle Total |
282,732 |
349,866 |
-19.2 |
-13.0 |
805,720 |
909,093 |
-11.4 |
| GM Car Deliveries by Marketing Division |
| |
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
| Buick Total |
7,779 |
11,999 |
-35.2 |
-30.2 |
25,815 |
30,258 |
-14.7 |
| Cadillac Total |
11,030 |
10,306 |
7.0 |
15.3 |
30,883 |
26,642 |
15.9 |
| Chevrolet Total |
64,334 |
73,665 |
-12.7 |
-5.9 |
181,441 |
187,160 |
-3.1 |
| Pontiac Total |
23,616 |
27,046 |
-12.7 |
-6.0 |
65,845 |
70,995 |
-7.3 |
| Saab Total |
2,449 |
2,370 |
3.3 |
11.3 |
5,110 |
6,048 |
-15.5 |
| Saturn Total |
8,170 |
11,479 |
-28.8 |
-23.4 |
20,250 |
28,820 |
-29.7 |
| GM Car Total |
117,378 |
136,865 |
-14.2 |
-7.6 |
329,344 |
349,923 |
-5.9 |
| GM Light Truck Deliveries by Marketing Division |
| |
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
| Buick Total |
4,538 |
4,223 |
7.5 |
15.7 |
12,019 |
13,085 |
-8.1 |
| Cadillac Total |
6,423 |
8,637 |
-25.6 |
-19.9 |
15,782 |
20,183 |
-21.8 |
| Chevrolet Total |
99,157 |
138,089 |
-28.2 |
-22.7 |
296,020 |
357,879 |
-17.3 |
| GMC Total |
37,476 |
39,243 |
-4.5 |
2.8 |
101,402 |
106,687 |
-5.0 |
| HUMMER Total |
3,451 |
4,847 |
-28.8 |
-23.3 |
9,863 |
13,004 |
-24.2 |
| Pontiac Total |
1,801 |
3,402 |
-47.1 |
-43.0 |
6,532 |
8,076 |
-19.1 |
| Saab Total |
513 |
467 |
9.9 |
18.3 |
1,358 |
1,372 |
-1.0 |
| Saturn Total |
9,976 |
9,644 |
3.4 |
11.4 |
28,056 |
28,233 |
-0.6 |
| GM Light Truck Total |
163,335 |
208,552 |
-21.7 |
-15.7 |
471,032 |
548,519 |
-14.1 |
* Twenty-six selling days (S/D) for the March period this year and twenty-eight for the last year. |
| **
Prior to Aug '07, includes American Isuzu Motors, Inc., dealer
deliveries of commercial vehicles distributed by GM as reported to GM
by American Isuzu Motors Inc. |
| Effective
Aug '07, GM only includes GMC & Chevrolet dealer deliveries of
commercial vehicles distributed by American Isuzu Motors, Inc. |
Car Deliveries
| |
March |
Calendar Year-to-Date January - March |
| |
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
|
Selling Days (S/D) |
26 |
28 |
|
|
26 |
28 |
|
| Century |
0 |
2 |
***.* |
***.* |
0 |
4 |
***.* |
| LaCrosse |
3,080 |
4,462 |
-31.0 |
-25.7 |
11,435 |
10,603 |
7.8 |
| LeSabre |
0 |
11 |
***.* |
***.* |
0 |
51 |
***.* |
| Lucerne |
4,699 |
7,517 |
-37.5 |
-32.7 |
14,380 |
19,587 |
-26.6 |
|
Park Avenue |
0 |
7 |
***.* |
***.* |
0 |
13 |
***.* |
|
Buick Total |
7,779 |
11,999 |
-35.2 |
-30.2 |
25,815 |
30,258 |
-14.7 |
| CTS |
6,045 |
4,880 |
23.9 |
33.4 |
16,697 |
10,765 |
55.1 |
| DTS |
3,370 |
3,663 |
-8.0 |
-0.9 |
9,218 |
10,947 |
-15.8 |
| DeVille |
0 |
9 |
***.* |
***.* |
0 |
31 |
***.* |
| STS |
1,486 |
1,555 |
-4.4 |
2.9 |
4,581 |
4,434 |
3.3 |
| XLR |
129 |
199 |
-35.2 |
-30.2 |
387 |
465 |
-16.8 |
|
Cadillac Total |
11,030 |
10,306 |
7.0 |
15.3 |
30,883 |
26,642 |
15.9 |
| Aveo |
3,693 |
6,793 |
-45.6 |
-41.5 |
12,307 |
15,228 |
-19.2 |
| Cavalier |
0 |
9 |
***.* |
***.* |
0 |
24 |
***.* |
| Classic |
0 |
0 |
***.* |
***.* |
0 |
1 |
***.* |
| Cobalt |
13,756 |
18,061 |
-23.8 |
-18.0 |
48,024 |
41,949 |
14.5 |
| Corvette |
2,692 |
3,158 |
-14.8 |
-8.2 |
6,778 |
8,176 |
-17.1 |
| Impala |
29,010 |
28,505 |
1.8 |
9.6 |
71,750 |
80,705 |
-11.1 |
| Malibu |
15,082 |
15,140 |
-0.4 |
7.3 |
42,083 |
36,052 |
16.7 |
| Monte Carlo |
100 |
1,971 |
-94.9 |
-94.5 |
496 |
4,899 |
-89.9 |
| SSR |
1 |
28 |
-96.4 |
-96.2 |
3 |
126 |
-97.6 |
|
Chevrolet Total |
64,334 |
73,665 |
-12.7 |
-5.9 |
181,441 |
187,160 |
-3.1 |
| Bonneville |
0 |
6 |
***.* |
***.* |
0 |
42 |
***.* |
| G5 |
1,546 |
2,364 |
-34.6 |
-29.6 |
5,379 |
5,593 |
-3.8 |
| G6 |
15,108 |
12,390 |
21.9 |
31.3 |
45,951 |
35,636 |
28.9 |
| G8 |
777 |
0 |
***.* |
***.* |
777 |
0 |
***.* |
| GTO |
3 |
702 |
-99.6 |
-99.5 |
14 |
1,887 |
-99.3 |
| Grand Am |
0 |
12 |
***.* |
***.* |
0 |
40 |
***.* |
| Grand Prix |
1,073 |
6,807 |
-84.2 |
-83.0 |
3,350 |
16,823 |
-80.1 |
| Solstice |
1,216 |
1,742 |
-30.2 |
-24.8 |
2,791 |
3,620 |
-22.9 |
| Sunfire |
0 |
5 |
***.* |
***.* |
0 |
11 |
***.* |
| Vibe |
3,893 |
3,018 |
29.0 |
38.9 |
7,583 |
7,343 |
3.3 |
|
Pontiac Total |
23,616 |
27,046 |
-12.7 |
-6.0 |
65,845 |
70,995 |
-7.3 |
| 9-2X |
0 |
20 |
***.* |
***.* |
1 |
81 |
-98.8 |
| 9-3 |
2,133 |
1,981 |
7.7 |
16.0 |
4,371 |
4,875 |
-10.3 |
| 9-5 |
316 |
369 |
-14.4 |
-7.8 |
738 |
1,092 |
-32.4 |
|
Saab Total |
2,449 |
2,370 |
3.3 |
11.3 |
5,110 |
6,048 |
-15.5 |
| Astra |
720 |
0 |
***.* |
***.* |
1,477 |
0 |
***.* |
| Aura |
6,241 |
5,530 |
12.9 |
21.5 |
16,382 |
13,428 |
22.0 |
| ION |
32 |
4,639 |
-99.3 |
-99.3 |
251 |
12,555 |
-98.0 |
| Saturn L Series |
0 |
0 |
***.* |
***.* |
0 |
0 |
***.* |
| Sky |
1,177 |
1,310 |
-10.2 |
-3.2 |
2,140 |
2,837 |
-24.6 |
| Saturn Total |
8,170 |
11,479 |
-28.8 |
-23.4 |
20,250 |
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GM Reports 282,732 Deliveries in March; 805,720 In First Quarter
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