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GM Reports 282,732 Deliveries in March; 805,720 In First Quarter

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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.

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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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