General Motors Co - FORM 8-K - EX-99.01 - PRESS RELEASE AND SALES CHART - October 4, 2012

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Exhibit 99.1

For Release: Tuesday, October 2, 2012, 10 a.m. EDT

GM U.S. Car Sales Increase 29 percent
in September, Total Sales up 1.5 percent

DETROIT - General Motors Co. (NYSE: GM) today reported its highest September U.S. sales since 2008: 210,245 vehicles, up 1.5 percent compared with a year ago. New products helped drive a 29 percent increase in passenger car sales. Sales of GM's mini, small and compact cars alone were up a combined 97 percent and all GM brands increased their retail sales.

“Passenger cars have been the launch point for a broad and deep GM product offensive,” said Kurt McNeil, vice president of U.S. sales operations. “Auto sales will continue to be a bright spot for the U.S. economy, which is particularly good news for GM as we walk into an even stronger cadence of new products in 2013 and 2014.”

GM has moved aggressively to replace existing vehicles with better designs, more technology and improved fuel economy. At the same time, GM is entering growth segments and offering new entry points for each brand. Seventy percent of GM nameplates will be all new or redesigned in 2012 and 2013.

September's car sales increase reflects a strong start for the new Chevrolet Spark and Cadillac XTS, continued strong sales of the Buick Verano, Chevrolet Cruze and Chevrolet Sonic, and a second consecutive all-time sales record for the Chevrolet Volt. September also marked the first deliveries of the all-new Cadillac ATS.

The GMC Terrain and Acadia crossovers had strong months as well, with sales up 8 percent and 16 percent, respectively. This helped drive a 3 percent increase for all GM crossovers versus a year ago.

Truck sales were down 20 percent due to a 46 percent year over year reduction in fleet sales due to the timing of customer deliveries. In the large pickup segment, GM's total sales were down 12 percent and fleet sales were down 56 percent. However, GM reduced its large pickup inventories by approximately 8,600 units compared with August, and earned average transaction prices more than $2,300 per unit above a year ago with the lowest incentive spending in the industry, according to J.D. Power PIN data.

2012 Highlights
Sept. Total Sales
Total Change vs. Sept. 2011
Sept. Retail Sales
Retail Change vs. Sept. 2011
CYTD
Sales
CYTD Change vs. 2011
CYTD Retail Sales
CYTD
Retail Change vs. 2011
Chevrolet
149,801
1.5%
103,668
2.5%
1,420,383
4.9%
959,770
3.9%
GMC
33,192
—%
29,018
1.3%
306,558
3.9%
256,799
2.9%
Buick
14,673
7.9%
13,598
10%
137,262
(2)%
122,490
3.3%
Cadillac
12,579
(1.3)%
11,990
1.2%
103,512
(8.6)%
97,793
(1.9)%
Total GM
210,245
1.5%
158,274
2.8%
1,967,715
3.4%
1,436,852
3.2%





Inventory
Units @
Oct. 1, 2012
Days Supply (selling day adjusted)
Units @
Aug. 31, 2012
Days Supply
(selling day adjusted)
Year-end Inventory Target
Year-end Days Supply Target (selling day adjusted)
All Vehicles
689,334
82
687,354
77
650,000 units (range)
 65 - 70
Full-size Pickups
240,810
116
249,411
122
200,000 - 220,000 units
 80 - 85


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


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, 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.






 
September
 
(Calendar Year-to-Date)
 
 
 
 
 
January -  September
 
2,012

2,011

%Change Volume

 
2,012

2,011

%Change Volume

Enclave
4,210

4,868

(13.5
)
 
41,561

44,404

(6.4
)
LaCrosse
4,580

4,338

5.6

 
45,066

45,058

—

Lucerne
2

1,068

(99.8
)
 
966

17,973

(94.6
)
Regal
1,839

3,325

(44.7
)
 
20,523

32,657

(37.2
)
Verano
4,042

—

***.*

 
29,146

—

***.*

Buick Total
14,673

13,599

7.9

 
137,262

140,092

(2.0
)
ATS
611

—

***.*

 
611

—

***.*

CTS
3,103

4,663

(33.5
)
 
38,465

41,900

(8.2
)
DTS
2

583

(99.7
)
 
462

10,755

(95.7
)
Escalade
913

1,527

(40.2
)
 
9,294

10,491

(11.4
)
Escalade ESV
595

713

(16.5
)
 
5,795

5,770

0.4

Escalade EXT
188

174

8.0

 
1,348

1,415

(4.7
)
SRX
4,660

4,901

(4.9
)
 
40,224

39,861

0.9

STS
1

180

(99.4
)
 
157

2,986

(94.7
)
XLR
—

—

***.*

 
—

12

***.*

XTS
2,506

—

***.*

 
7,156

—

***.*

Cadillac Total
12,579

12,741

(1.3
)
 
103,512

113,190

(8.6
)
Avalanche
2,030

1,861

9.1

 
17,149

13,989

22.6

Aveo
2

1,271

(99.8
)
 
61

28,482

(99.8
)
Camaro
5,670

6,994

(18.9
)
 
68,968

70,249

(1.8
)
Caprice
454

140

224.3

 
2,865

498

475.3

Captiva Sport
2,849

—

***.*

 
27,148

—

***.*

Cobalt
—

4

***.*

 
11

843

(98.7
)
Colorado
2,833

2,171

30.5

 
32,608

23,985

36.0

Corvette
1,351

1,147

17.8

 
10,570

10,270

2.9

Cruze
25,787

18,097

42.5

 
180,600

187,524

(3.7
)
Equinox
15,835

15,497

2.2

 
166,862

145,035

15.0

Express
3,881

7,556

(48.6
)
 
57,886

51,674

12.0

HHR
1

158

(99.4
)
 
21

36,771

***.*

Impala
15,259

13,822

10.4

 
140,179

138,122

1.5

Kodiak 4/5 Series
—

—

***.*

 
—

10

***.*

Malibu
11,188

11,114

0.7

 
179,465

171,266

4.8

Silverado-C/K Pickup
36,425

43,698

(16.6
)
 
298,200

296,436

0.6

Sonic
7,525

1,426

427.7

 
64,746

1,706

***.*

Spark
2,223

—

***.*

 
6,313

—

***.*

Suburban (Chevy)
3,254

5,246

(38.0
)
 
33,860

33,055

2.4

Tahoe
4,696

8,813

(46.7
)
 
49,481

56,636

(12.6
)
TrailBlazer
—

—

***.*

 
—

33

***.*

Traverse
5,687

7,873

(27.8
)
 
67,042

83,464

(19.7
)
Volt
2,851

723

294.3

 
16,348

3,895

319.7

Chevrolet Total
149,801

147,611

1.5

 
1,420,383

1,353,943

4.9

Acadia
6,159

5,287

16.5

 
63,857

62,013

3.0

Canyon
555

458

21.2

 
7,618

7,634

(0.2
)
Envoy
—

—

***.*

 
—

5

***.*

Savana
1,005

846

18.8

 
17,259

13,096

31.8

Sierra
13,636

13,904

(1.9
)
 
112,181

107,342

4.5

Terrain
7,486

6,910

8.3

 
70,826

63,451

11.6

Topkick 4/5 Series
***.*

***.*

***.*

 
—

5

***.*

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

***.*

***.*

 
—

8

***.*

Yukon
2,071

3,338

(38.0
)
 
19,149

24,337

(21.3
)
Yukon XL
2,280

2,451

(7.0
)
 
15,668

17,056

(8.1
)
GMC Total
33,192

33,194

—

 
306,558

294,947

3.9

GM Vehicle Total
210,245

207,145

1.5

 
1,967,715

1,902,172

3.4

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


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