General Motors Co - FORM 8-K - EX-99.1 - PRESS RELEASE AND SALES CHART - July 5, 2012

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8-K - JUNE U.S. SALES - General Motors Coform8-kjunesales.htm


                    

Exhibit 99.1

1

For Release: Tuesday, July 3, 2012, 10 a.m. EDT

GM Reports June U.S. Sales up 16 percent
 
DETROIT - General Motors Co. (NYSE: GM) today reported June sales of 248,750 vehicles in the United States, up 16 percent year over year and the company's highest sales since September 2008. Chevrolet, Buick, GMC and Cadillac all reported double-digit increases.

“Across the board, June was a strong month for GM,” said Kurt McNeil, vice president, U.S. Sales Operations. “The combination of new products, available credit, lower fuel prices and modest economic growth was a stronger influence on consumer behavior than economic and political uncertainty."

For the month, GM passenger car sales were up 12 percent year over year, thanks to a 32 percent increase in Chevrolet Malibu sales and a 21 percent increase in Buick LaCrosse sales.

Combined sales of all seven Chevrolet, Buick, GMC and Cadillac crossovers were up 30 percent versus a year ago.

Truck sales were up 11 percent, with all pickup, van and SUV segments up year over year.

Retail deliveries were up 8 percent year over year. Fleet deliveries were up 36 percent versus a year ago due in part to the timing of customer deliveries. In July, fleet volumes and mix are expected be down month over month and year over year.

GM's newest vehicles continue to perform well. Sales of the Buick Verano were 4,091 in June, and have increased each month since the car launched in December 2011. Chevrolet Sonic sales were 6,785 units and it is the retail sales leader in its segment. The new Cadillac XTS began arriving in showrooms in June, and dealers delivered more than 750 vehicles. Over the course of 2012 and 2013, 70 percent of GM's nameplates will be all-new or redesigned.


2012 Highlights
June Total Sales
Total Change vs. June 2011
June Retail Sales
Retail Change vs. June 2011
CYTD
Sales
CYTD Change vs. 2011
CYTD Retail Sales
CYTD
Retail Change vs. 2011
Chevrolet
180,098
14.8%
113,369
7.8%
961,662
6.3%
638,815
4.4%
GMC
37,677
14.9%
29,399
3.2%
201,041
7.3%
166,771
2.9%
Buick
18,851
26.8%
15,096
17.5%
90,198
(3.6%)
78,469
1.5%
Cadillac
12,124
11.6%
11,155
9.2%
62,812
(17.5%)
60,082
(8.5%)
Total GM
248,750
15.5%
169,019
7.9%
1,315,713
4.3%
944,137
3%







Industry Sales
June SAAR (est.)
CYTD SAAR (est.)
Full Year 2012 (est.)
Light Vehicles
14.0 million range
14.3 million range
14.0 million - 14.5 million

Inventory
Units @
June 30, 2012
Days Supply (selling days adjusted)
Units @
May 31, 2012
Days Supply (selling days adjusted)
All Vehicles
700,927
76
694,600
74
Full-size Pickups
238,194
135
223,296
116


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's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. 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
GM Communications
313-407-2843
james.cain@gm.com


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.







 
June
 
(Calendar Year-to-Date)
 
 
 
 
 
January - June
 
2012

2011

%Change Volume

 
2012

2011

%Change Volume

Enclave
5,207

4,006

30.0

 
27,866

28,004

(0.5
)
LaCrosse
7,206

5,965

20.8

 
30,892

29,327

5.3

Lucerne
21

1,364

(98.5
)
 
943

14,280

(93.4
)
Regal
2,326

3,533

(34.2
)
 
14,828

21,988

(32.6
)
Verano
4,091

—

***.*

 
15,669

—

***.*

Buick Total
18,851

14,868

26.8

 
90,198

93,599

(3.6
)
CTS
5,046

4,198

20.2

 
25,483

27,005

(5.6
)
DTS
79

879

(91.0
)
 
429

8,738

(95.1
)
Escalade
1,164

957

21.6

 
5,994

6,945

(13.7
)
Escalade ESV
658

577

14.0

 
3,747

3,797

(1.3
)
Escalade EXT
142

142

—

 
814

896

(9.2
)
SRX
4,260

3,951

7.8

 
25,450

26,200

(2.9
)
STS
22

147

(85.0
)
 
142

2,529

(94.4
)
XLR
—

9

***.*

 
—

12

***.*

XTS
753

—

***.*

 
753

—

***.*

Cadillac Total
12,124

10,860

11.6

 
62,812

76,122

(17.5
)
Avalanche
1,719

1,667

3.1

 
11,002

8,718

26.2

Aveo
3

3,869

***.*

 
56

21,266

(99.7
)
Camaro
9,123

8,486

7.5

 
49,697

48,761

1.9

Caprice
325

42

673.8

 
1,180

65

***.*

Captiva Sport
3,511

—

***.*

 
17,921

—

***.*

Cobalt
7

106

(93.4
)
 
11

814

(98.6
)
Colorado
4,124

3,010

37.0

 
21,457

16,114

33.2

Corvette
1,475

1,299

13.5

 
7,022

6,896

1.8

Cruze
18,983

24,896

(23.8
)
 
113,884

122,972

(7.4
)
Equinox
20,793

17,954

15.8

 
110,890

95,838

15.7

Express
8,104

5,798

39.8

 
37,817

32,956

14.7

HHR
11

870

(98.7
)
 
20

35,502

***.*

Impala
17,274

16,325

5.8

 
98,495

103,644

(5.0
)
Kodiak 4/5 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

Malibu
31,402

23,737

32.3

 
141,437

122,783

15.2

Silverado-C/K Pickup
33,566

32,579

3.0

 
194,508

182,785

6.4

Sonic
6,785

—

***.*

 
42,240

—

***.*

Suburban (Chevy)
5,136

3,354

53.1

 
23,068

18,606

24.0

Tahoe
6,427

5,476

17.4

 
33,274

34,013

(2.2
)
TrailBlazer
—

22

***.*

 
—

33

***.*

Traverse
9,570

6,787

41.0

 
48,866

50,027

(2.3
)
Volt
1,760

561

213.7

 
8,817

2,745

221.2

Chevrolet Total
180,098

156,848

14.8

 
961,662

904,548

6.3

Acadia
9,796

6,285

55.9

 
42,160

39,811

5.9

Canyon
880

739

19.1

 
5,641

4,148

36.0

Envoy
—

4

***.*

 
—

5

***.*

Savana
2,105

1,835

14.7

 
12,056

10,136

18.9

Sierra
12,479

12,377

0.8

 
72,945

67,598

7.9

Terrain
7,795

6,989

11.5

 
46,602

41,364

12.7

Topkick 4/5 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

Topkick 6/7/8 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

Yukon
2,279

3,000

(24.0
)
 
12,662

15,164

(16.5
)
Yukon XL
2,343

1,540

52.1

 
8,975

9,125

(1.6
)
GMC Total
37,677

32,782

14.9

 
201,041

187,364

7.3

GM Vehicle Total
248,750

215,358

15.5

 
1,315,713

1,261,633

4.3

 * 25 selling days for the June period this year and 24 for last year.
 
 
 
 







General Motors Co Reports