- Sales
in Russia Grow 78 Percent, Outpacing Industry Growth; Chevrolet Has
Record Q1 in Europe , with Sales Exceeding 131,000 Vehicles
- Brazil,
Argentina and Venezuela Growth Spurs a Sales Surge of Nearly 20 Percent
in the Latin America, Africa and Middle East Region
- Record Quarterly Sales in China Fuels 6 Percent Asia/Pacific Region Gain
- Sales Leadership Shown in Emerging Markets; 64 Percent of GM Global Sales Outside U.S.
General
Motors sold 2.25 million cars and trucks around the world in the first
quarter of 2008, according to preliminary sales figures released today,
with a record 64 percent of all sales occurring outside the United
States. GM global first quarter sales were down less than one percent.
Robust first quarter sales in GM's Latin America, Africa and Middle
East (GMLAAM) and Asia Pacific (GMAP) regions, and improved sales in
the GM Europe (GME) region helped offset a 10 percent decline in GM
North America (GMNA). Sales outside GMNA were up 8 percent compared
with last year.
"GM
posted record sales in three of our four regions driven by continued
strong demand in emerging markets," John Middlebrook, GM vice
president, Global Sales, Service and Marketing Operations, said today.
"While the challenges of the U.S. economy continue to put pressure on
the automotive industry there, we saw nearly 20 percent growth in the
Latin America, Africa and Middle East and 6 percent growth in the Asia
Pacific region. We're also very pleased to see 3 percent growth in
Europe, where we established a new sales record with 572,000 vehicles
sold. We continue to see a higher percentage of our business coming
from outside the developed markets - and the non-U.S. share of GM's
global sales of 64 percent clearly reflects that trend."
Chevrolet
global sales of 1.08 million vehicles were up 3 percent compared with a
year ago, setting a first quarter record. The brand grew by 41 percent
in GMAP, 30 percent in GME, and 21 percent in GMLAAM.
Globally,
Hummer recorded 13,000 global vehicle sales with a 24 percent gain in
the GMLAAM region. With the Hummer H2 and the V8-powered H3 Alpha in
North America, and production of the right hand-drive H3 in South
Africa, Hummer products are well-positioned to respond to demanding
customers' needs.
Cadillac
posted sales increases outside of North America in the first quarter,
including a 62 percent surge in the GMLAAM region and a 15 percent
increase in GME.
Opel
and Vauxhall sold 431,000 vehicles in the first quarter of the year.
The brands achieved segment leadership with Meriva and Zafira in the
monocab segment and second position with Astra in the popular compact
segment.
Global sales highlights include:
- First quarter 2008 global sales of 2.25 million vehicles, with sales records set in three of the four regions.
- At
1.45 million vehicles, GM first quarter 2008 sales outside of the
United States accounted for about 64 percent of total global sales.
Overall, first quarter global industry sales of 17.99 million vehicles
were up 3 percent. The annual market is expected to hit almost 73
million in 2008, up about 2 million vehicles from 2007.
- In
the Asia Pacific region, GM had record sales of 411,000 vehicles that
were 6 percent higher than the previous year, and GM China sales of
312,000 vehicles posted a more than 7 percent sales increase compared
with 2007. GM remained the top-selling global automaker in China.
Wuling posted a 6 percent sales increase with nearly 173,000 vehicles
sold in the region. GM India also set a sales record in the quarter
with sales up 58 percent to 18,000 vehicles. GM sales in the region set
a record for the quarter.
- In the Latin America, Africa and
Middle East region, GM sales reached a first quarter record 323,400
vehicles, up nearly 20 percent in volume compared with 2007 and GM sold
an all-time March monthly high of 111,300 vehicles. Sales in Brazil
were up 36 percent for the quarter, a first quarter record. First
quarter sales records were also set in Chile, Ecuador, Venezuela,
Middle East and Israel. The Chevrolet Corsa, Celta and Aveo continued
as the top sellers in the region, representing 40 percent of total GM
sales.
- In Europe, GM also set a quarterly sales record with
deliveries of 572,000 vehicles, up 3 percent. Growth in Russia, up 78
percent, led the increase. Opel sold 23,500 vehicles in Russia, up 150
percent. Cadillac, Hummer, and Chevrolet set European sales records for
their brands. Chevrolet achieved record sales of 132,000 vehicles, up
30 percent.
- Continued softness in the U.S. market due to
rising fuel prices and concerns about housing and credit availability,
resulted in North America sales of 947,000 vehicles, a decline of 10
percent compared with last year. GM's U.S. mid-car and mid-utility
crossover segments saw volume and share gains on the strength of
mid-cars Chevrolet Malibu, Saturn Aura, and Pontiac G6, and mid-utility
crossovers GMC Acadia, Buick Enclave and Saturn Outlook. Cadillac CTS
sales were up 55 percent compared with a year ago. Chevrolet Malibu
sales were up 17 percent in the U.S. Total GM U.S. truck deliveries of
476,000 vehicles were down 15 percent compared with the same period a
year ago, while car deliveries of about 330,000 were off 6 percent
compared with first quarter 2007. However, GM's total U.S. retail share
of 21 percent was comparable with last year's first quarter.
Note: Global sales results are based on preliminary numbers reported and have been rounded.
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.
# # #
|
General Motors Corporation Global Vehicle Sales1 |
| |
Q1 |
CYTD |
| 2008 |
2007 |
% Chg |
2008 |
2007 |
% Chg |
|
GMNA |
|
Chevrolet |
568,545 |
642,849 |
-11.6 |
568,545 |
642,849 |
-11.6 |
|
GMC |
118,840 |
126,428 |
-6.0 |
118,840 |
126,428 |
-6.0 |
|
Pontiac |
100,186 |
103,582 |
-3.3 |
100,186 |
103,582 |
-3.3 |
|
Saturn |
51,826 |
61,875 |
-16.2 |
51,826 |
61,875 |
-16.2 |
|
Cadillac |
48,914 |
49,390 |
-1.0 |
48,914 |
49,390 |
-1.0 |
|
Buick |
41,445 |
46,138 |
-10.2 |
41,445 |
46,138 |
-10.2 |
|
HUMMER |
10,556 |
13,756 |
-23.3 |
10,556 |
13,756 |
-23.3 |
|
Saab |
6,798 |
7,932 |
-14.3 |
6,798 |
7,932 |
-14.3 |
|
Opel/Vauxhall |
388 |
524 |
-26.0 |
388 |
524 |
-26.0 |
|
Other |
0 |
3,023 |
0 |
0 |
3,023 |
0 |
|
Total |
947,498 |
1,055,497 |
-10.2 |
947,498 |
1,055,497 |
-10.2 |
|
GME |
|
Opel/Vauxhall |
418,496 |
428,362 |
-2.3 |
418,496 |
428,362 |
-2.3 |
|
Chevrolet |
131,853 |
101,220 |
30.3 |
131,853 |
101,220 |
30.3 |
|
Saab |
19,653 |
22,247 |
-11.7 |
19,653 |
22,247 |
-11.7 |
|
Cadillac |
1,301 |
1,132 |
14.9 |
1,301 |
1,132 |
14.9 |
|
HUMMER |
711 |
448 |
58.7 |
711 |
448 |
58.7 |
|
Other |
123 |
388 |
-68.3 |
123 |
388 |
-68.3 |
|
Total |
572,137 |
553,797 |
3.3 |
572,137 |
553,797 |
3.3 |
|
GMLAAM |
|
Chevrolet |
288,757 |
239,235 |
20.7 |
288,757 |
239,235 |
20.7 |
|
Opel/Vauxhall |
11,131 |
12,704 |
-12.4 |
11,131 |
12,704 |
-12.4 |
|
GMC |
10,764 |
7,617 |
41.3 |
10,764 |
7,617 |
41.3 |
|
Cadillac |
1,383 |
853 |
62.1 |
1,383 |
853 |
62.1 |
|
HUMMER |
1,164 |
938 |
24.1 |
1,164 |
938 |
24.1 |
|
Buick |
261 |
312 |
-16.3 |
261 |
312 |
-16.3 |
|
Saab |
126 |
128 |
-1.6 |
126 |
128 |
-1.6 |
|
Other |
9,790 |
8,699 |
12.5 |
9,790 |
8,699 |
12.5 |
|
Total |
323,376 |
270,486 |
19.6 |
323,376 |
270,486 |
19.6 |
|
GMAP |
|
Wuling2 |
172,921 |
163,945 |
5.5 |
172,921 |
163,945 |
5.5 |
|
Chevrolet |
86,785 |
61,712 |
40.6 |
86,785 |
61,712 |
40.6 |
|
Buick |
80,695 |
82,598 |
-2.3 |
80,695 |
82,598 |
-2.3 |
|
Holden |
36,843 |
40,850 |
-9.8 |
36,843 |
40,850 |
-9.8 |
|
Daewoo |
29,626 |
34,652 |
-14.5 |
29,626 |
34,652 |
-14.5 |
|
Cadillac |
1,789 |
2,023 |
-11.6 |
1,789 |
2,023 |
-11.6 |
|
Saab |
860 |
1,008 |
-14.7 |
860 |
1,008 |
-14.7 |
|
Opel/Vauxhall |
604 |
1,206 |
-49.9 |
604 |
1,206 |
-49.9 |
|
HUMMER |
588 |
146 |
302.7 |
588 |
146 |
302.7 |
|
Other |
224 |
220 |
1.8 |
224 |
220 |
1.8 |
|
Total |
410,935 |
388,360 |
5.8 |
410,935 |
388,360 |
5.8 |
|
GLOBAL |
|
Chevrolet |
1,075,940 |
1,045,016 |
3.0 |
1,075,940 |
1,045,016 |
3.0 |
|
Opel/Vauxhall |
430,619 |
442,796 |
-2.8 |
430,619 |
442,796 |
-2.8 |
|
Wuling2 |
172,921 |
163,945 |
5.5 |
172,921 |
163,945 |
5.5 |
|
GMC |
129,604 |
134,045 |
-3.3 |
129,604 |
134,045 |
-3.3 |
|
Buick |
122,401 |
129,048 |
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