- Chevrolet
Car Retail Sales Led By a 103 Percent Increase in Malibu, 22 Percent
Increase in Aveo, and 1 Percent Rise in Cobalt Sales
- Pontiac Retail Car Sales Driven By a 36 Percent Increase in Vibe Sales
- Buick Enclave, GMC Acadia and Saturn Outlook Power Mid-Utility Crossover Segment with 12,000 Total Vehicles Sold
- Fleet Sales Off 36 Percent Due To Planned Reductions In Daily Rentals and The Impact Of The American Axle Strike
GM
dealers in the United States delivered 272,363 vehicles in May. The
sales increase in fuel efficient cars and crossover vehicles could not
make up for soft truck demand and a decline in fleet deliveries
impacted by the American Axle strike. Approximately 15-18,000 sales
were lost in May, or will be retimed, due to various work stoppages
including the American Axle strike. Compared with a strong May 2007,
total sales were down 30 percent (28 percent unadjusted). Truck sales
declined 39 percent.
Dealer
inventories were at their lowest level since August 2005 with about
772,000 vehicles in stock, down about 219,000 vehicles compared with
last May, and down more than 136,000 vehicles compared with December
2007.
"We
are very pleased with our performance in many critical car and
crossover products as consumer preferences continue to shift toward
these vehicles. Our challenge in May was having enough vehicles
available to sell. We would have posted even stronger sales of the
Chevrolet Malibu, Impala, HHR, and Cobalt, Cadillac CTS, Pontiac Vibe
and crossovers Buick Enclave, GMC Acadia and Saturn Outlook if product
availability were better," said Mark LaNeve, vice president, GM North
America Vehicle Sales, Service and Marketing.
"Obviously,
most trucks segments were weak across the industry - and we were no
exception. Today's production adjustment announcement at the annual GM
shareholders meeting shows that we are intent on increasing car and
crossover production and leveraging our competitive position for the
economic recovery while acknowledging the impact of a challenging
economic environment on truck sales," LaNeve added.
Chevrolet
Malibu total sales were up 34 percent with retail sales up 103 percent,
Aveo sales were up 39 percent total and 22 percent retail, and Cobalt
sales were up 15 percent total and 1 percent retail and HHR was up 24
percent total and 33 percent retail. Pontiac Vibe total sales were up
65 percent and retail sales were up 36 percent compared with May 2007.
Saturn Aura was up 5 percent retail, and the Astra saw increasing sales
with nearly 1,100 vehicles sold. In the luxury car segment, the
award-winning Cadillac CTS saw total sales increase 11 percent with an
impressive retail increase of 18 percent compared with the same month a
year ago.
GM's
popular crossover Buick Enclave, GMC Acadia and Saturn Outlook together
accounted for more than 12,000 vehicle sales in the month. There were
6,600 Acadia, 2,900 Enclave and 2,500 Outlook total sales.
"We
see the mix shift as a tremendous opportunity for GM," LaNeve added.
"We have a full lineup of vehicles - including five hybrid models --
that provide industry-leading value, great fuel economy and the best
warranty coverage of any full-line automaker."
Certified Used Vehicles
May
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 46,574 vehicles, up 1.5 percent from
May 2007. Year-to-date sales are 214,686 vehicles, down nearly 6
percent from the same period last year.
GM
Certified Used Vehicles, the industry's top-selling certified brand,
posted May sales of 40,393 vehicles, a slight increase over a strong
May 2007 sales performance. Cadillac Certified Pre-Owned Vehicles sold
3,707 vehicles, up 20 percent. Saturn Certified Pre-Owned Vehicles sold
1,432 vehicles, down 11 percent. Saab Certified Pre-Owned Vehicles sold
851 vehicles, up 7 percent, and HUMMER Certified Pre-Owned Vehicles
sold 191 vehicles, up 127 percent.
"GM
Certified Used Vehicles posted its strongest monthly sales performance
this year, with sales up for the fifth consecutive month, while
Cadillac, Saab and HUMMER Certified Pre-Owned Vehicles also posted
solid gains," said LaNeve. "In a challenging economic environment,
we're encouraged to see more consumers opting for the quality, value
and peace-of-mind assurances that come with the purchase of a certified
GM vehicle."
GM
North America Reports May 2008 Production; 2008 Second-Quarter
Production Forecast Revised to 835,000 Vehicles; Initial Third-Quarter
Production Forecast Set at 1.055 Million Vehicles
In
May, GM North America produced 248,000 vehicles (118,000 cars and
130,000 trucks). This is down 153,000 vehicles or 38 percent compared
with May 2007 when the region produced 401,000 vehicles (139,000 cars
and 262,000 trucks). (Production totals include joint venture
production of 17,000 vehicles in May 2008 and 18,000 vehicles in May
2007.)
Approximately
100,000 units of production, including between 15-18,000 potential
fleet sales, were lost in May due to the American Axle work stoppage.
Since the dispute began last February, approximately 330,000 units of
production were lost. Approximately 33,000 additional units of
production were lost due to other local work stoppages. GMNA has
revised its forecast for 2008 second-quarter production to 835,000
vehicles, down 115,000 units from the prior forecast to reflect May
production losses caused primarily by the American Axle strike. As of
June 3, all GM plants impacted by the strike have returned to
production. Additionally, GM North America's initial 2008 third-quarter
production forecast is set at 1.055 million vehicles (441,000 cars and
614,000 trucks), up 35,000 vehicles or 3 percent from third-quarter
2007 actuals. GM North America built 1.020 million vehicles (367,000
cars and 653,000 trucks) in the third-quarter of 2007.
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: 27 *S/D Prev: 26 |
May |
(Calendar Year-to-Date) January - May |
|
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
|
Vehicle Total |
272,363 |
375,682 |
-27.5 |
-30.2 |
1,339,005 |
1,596,462 |
-16.1 |
|
Car Total |
130,115 |
150,979 |
-13.8 |
-17.0 |
580,283 |
621,911 |
-6.7 |
|
Light Truck Total |
138,777 |
220,077 |
-36.9 |
-39.3 |
746,623 |
955,141 |
-21.8 |
|
Light Vehicle Total |
268,892 |
371,056 |
-27.5 |
-30.2 |
1,326,906 |
1,577,052 |
-15.9 |
|
Truck Total |
142,248 |
224,703 |
-36.7 |
-39.0 |
758,722 |
974,551 |
-22.1 |
|
GM Vehicle Deliveries by Marketing Division |
|
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
|
Buick Total |
11,033 |
17,087 |
-35.4 |
-37.8 |
61,532 |
73,664 |
-16.5 |
|
Cadillac Total |
13,348 |
17,380 |
-23.2 |
-26.0 |
74,372 |
81,044 |
-8.2 |
|
Chevrolet Total |
167,202 |
220,870 |
-24.3 |
-27.1 |
804,667 |
955,322 |
-15.8 |
|
GMC Total |
30,724 |
48,336 |
-36.4 |
-38.8 |
166,507 |
200,745 |
-17.1 |
|
HUMMER Total |
1,843 |
4,636 |
-60.2 |
-61.7 |
14,086 |
22,015 |
-36.0 |
|
**Other-Isuzu Total |
0 |
1,271 |
***.* |
***.* |
0 |
5,353 |
***.* |
|
Pontiac Total |
27,966 |
36,325 |
-23.0 |
-25.9 |
124,352 |
141,742 |
-12.3 |
|
Saab Total |
2,148 |
2,872 |
-25.2 |
-28.0 |
10,196 |
12,642 |
-19.3 |
|
Saturn Total |
18,099 |
26,905 |
-32.7 |
-35.2 |
83,293 |
103,935 |
-19.9 |
|
GM Vehicle Total |
272,363 |
375,682 |
-27.5 |
-30.2 |
1,339,005 |
1,596,462 |
-16.1 |
|
GM Car Deliveries by Marketing Division |
|
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
|
Buick Total |
8,006 |
11,701 |
-31.6 |
-34.1 |
42,291 |
51,506 |
-17.9 |
|
Cadillac Total |
9,452 |
9,930 |
-4.8 |
-8.3 |
50,069 |
46,946 |
6.7 |
|
Chevrolet Total |
77,096 |
80,835 |
-4.6 |
-8.2 |
330,048 |
333,420 |
-1.0 |
|
Pontiac Total |
26,340 |
33,310 |
-20.9 |
-23.9 |
114,593 |
128,337 |
-10.7 |
|
Saab Total |
1,974 |
2,439 |
-19.1 |
-22.1 |
8,442 |
10,484 |
-19.5 |
|
Saturn Total |
7,247 |
12,764 |
-43.2 |
-45.3 |
34,840 |
51,218 |
-32.0 |
|
GM Car Total |
130,115 |
150,979 |
-13.8 |
-17.0 |
580,283 |
621,911 |
-6.7 |
|
GM Light Truck Deliveries by Marketing Division |
|
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
|
Buick Total |
3,027 |
5,386 |
-43.8 |
-45.9 |
19,241 |
22,158 |
-13.2 |
|
Cadillac Total |
3,896 |
7,450 |
-47.7 |
-49.6 |
24,303 |
34,098 |
-28.7 |
|
Chevrolet Total |
89,102 |
138,680 |
-35.7 |
-38.1 |
469,712 |
615,383 |
-23.7 |
|
GMC Total |
28,257 |
46,336 |
-39.0 |
-41.3 |
159,315 |
193,207 |
-17.5 |
|
HUMMER Total |
1,843 |
4,636 |
-60.2 |
-61.7 |
14,086 |
22,015 |
-36.0 |
|
Pontiac Total |
1,626 |
3,015 |
-46.1 |
-48.1 |
9,759 |
13,405 |
-27.2 |
|
Saab Total |
174 |
433 |
-59.8 |
-61.3 |
1,754 |
2,158 |
-18.7 |
|
Saturn Total |
10,852 |
14,141 |
-23.3 |
-26.1 |
48,453 |
52,717 |
-8.1 |
|
GM Light Truck Total |
138,777 |
220,077 |
-36.9 |
-39.3 |
746,623 |
955,141 |
-21.8 |
|
* Twenty-seven selling days (S/D) for the May period this year and twenty-six 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. |
| |
May |
(Calendar Year-to-Date) January - May |
|
2008 |
2007 |
%Chg Volume |
%Chg per S/D |
2008 |
2007 |
%Chg Volume |
|
Selling Days (S/D) |
27 |
26 |
|
|
27 |
26 |
|
|
Century |
0 |
0 |
***.* |
***.* |
0 |
5 |
***.* |
|
LaCrosse |
3,398 |
4,913 |
-30.8 |
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