General Motors Co - FORM 8-K - EX-99.1 - EXHIBIT - U.S. SALES RELEASE AND CHARTS - March 4, 2014

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Exhibit 99.1


For Release: Monday, March 3, 2014, 9:30 a.m. EST

GM’s U.S. Dealers Delivered 222,104 Vehicles in February
Passenger Cars Sales up 8 percent, paced by Buick and Chevrolet

DETROIT - General Motors Co. (NYSE: GM) dealers delivered 222,104 vehicles in the United States in February 2014. Total sales were down 1 percent compared with a year ago, beating outside expectations. Retail and fleet sales were both down 1 percent. GM increased its sales from January 2014 by 30 percent, more than 10 percentage points better than the industry as a whole.

“Weather continued to impact the industry in February, but GM sales started to thaw during the Winter Olympic Games as our brand and marketing messages took hold,” said Kurt McNeil, U.S. vice president of Sales Operations. “Car and crossover sales were particularly strong at Buick and Chevrolet, and we continue to have a strong mix of pickup sales.

“Despite a slower start to 2014 than most people expected, we look forward to a very successful year, backed by plenty of new products and what should be the strongest GDP growth since the end of the recession.”

February Sales Highlights (vs. 2013)
•
Passenger car sales were up 8 percent, with Buick deliveries up across the board.
•
The Chevrolet Sonic, Cruze and Malibu posted double-digit sales increases.
•
The Chevrolet Cruze and the Buick Verano had their best February sales ever.
•
Deliveries of the Corvette were up 149 percent.
•
The all-new 2014 Cadillac CTS sedan helped drive a 7 percent increase in retail sales for the CTS range. Segment share is estimated to be up 1.6 points.
•
Crossover sales were up 4 percent. Sales of the Buick Encore nearly doubled, the Cadillac SRX was up 23 percent and GMC Acadia deliveries were up 2 percent. The Buick Enclave and Chevrolet Equinox had their best February sales ever.
•
Retail deliveries of Chevrolet and GMC large SUVs were up 14 percent.
•
GM’s retail share of light-duty pickup sales increased an estimated 2 percentage points or more from January 2014.
•
The mix of light duty pickups powered by GM’s all-new EcoTec3 V6, which offers best-in-class fuel economy, towing and payload (depending on configuration) increased 2 percentage points month over month to about 20 percent of retail sales.
•
The average transaction prices for GM’s full-size pickups were in line with January 2014 levels, according to mid-month J.D. Power PIN estimates. More than half of light-duty pickup sales continue to be premium-contented models.
•
Incentive spending increased slightly month over month on both an absolute basis and as a percentage of average transaction prices due primarily to the sell-down of older model heavy-duty pickups and large SUVs. GM’s increase was less than the industry average, according to J.D. Power PIN.
•
GM increased its commercial fleet sales for the fourth month in a row, with deliveries up more than 1 percent; commercial deliveries are up 8 percent year to date.





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, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. 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

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.


CONTACT:
Jim Cain
GM Communications
313-407-2843
james.cain@gm.com


Sales Tables
 
 
 
 
 
 
 
 
February
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
153,913
-2.9%
107,359
-1.7%
GMC
35,562
-0.6%
31,319
0.2%
Buick
19,192
18.8%
15,176
1.5%
Cadillac
13,437
-2.9%
12,523
-0.4%
Total
222,104
-1.0%
166,377
-0.9%
 
 
 
 
 
2014 CY
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
273,002
-7.7%
192,447
-4.5%
GMC
63,295
-5.0%
55,410
-7.2%
Buick
32,470
9.6%
26,761
-2.2%
Cadillac
24,823
-7.9%
23,130
-7.2%
Total
393,590
-6.1%
297,748
-5.1%
 
 
 
 
 
Fleet Segment
Month
YOY Change
2014 CY
CY Change
Share of Sales
25.1%
0 points
24.4%
-0.8 points
 
 
 
 
 
Inventory
Units at
Month-end
Days Supply
(selling day adjusted)
Units at
Previous
Month-end
Days Supply
(selling day adjusted)
All Vehicles
805,769
87
780,140
114
 
 
 
 
 
 
Industry Sales
Month (est.)
2014 (est.)
 
 
Light Vehicle SAAR
15.4 million
16.0 - 16.5 million
 





 
February
 
(Calendar Year-to-Date)
January - February
 
 
2014

2013

%Change Volume

 
2014

2013

%Change Volume

 
Enclave
5,319

5,241

1.5

 
8,828

10,136

(12.9
)
 
Encore
3,078

1,597

92.7

 
5,444

1,950

179.2

 
LaCrosse
4,123

3,667

12.4

 
6,972

7,215

(3.4
)
 
Regal
2,200

1,474

49.3

 
3,634

2,479

46.6

 
Verano
4,472

4,171

7.2

 
7,592

7,831

(3.1
)
 
Buick Total*
19,192

16,150

18.8

 
32,470

29,613

9.6

 
ATS
2,427

3,382

(28.2
)
 
4,336

6,163

(29.6
)
 
CTS
2,509

2,566

(2.2
)
 
4,741

5,071

(6.5
)
 
ELR
58

—

***.*

 
99

—

***.*

 
Escalade
776

846

(8.3
)
 
1,480

1,703

(13.1
)
 
Escalade ESV
494

582

(15.1
)
 
875

1,100

(20.5
)
 
Escalade EXT
9

191

(95.3
)
 
34

363

(90.6
)
 
SRX
5,058

4,108

23.1

 
9,504

8,488

12.0

 
XTS
2,106

2,169

(2.9
)
 
3,754

4,069

(7.7
)
 
Cadillac Total*
13,437

13,845

(2.9
)
 
24,823

26,961

(7.9
)
 
Avalanche
26

2,263

(98.9
)
 
57

4,202

(98.6
)
 
Camaro
6,211

6,171

0.6

 
10,944

11,096

(1.4
)
 
Caprice
322

201

60.2

 
522

438

19.2

 
Captiva Sport
4,452

3,867

15.1

 
8,217

7,803

5.3

 
Colorado
1

828

(99.9
)
 
15

1,650

(99.1
)
 
Corvette
2,438

980

148.8

 
4,699

1,888

148.9

 
Cruze
21,836

17,947

21.7

 
38,664

32,471

19.1

 
Equinox
21,587

20,649

4.5

 
36,134

37,872

(4.6
)
 
Express
4,776

5,504

(13.2
)
 
8,668

9,466

(8.4
)
 
Impala
12,008

15,424

(22.1
)
 
23,906

29,577

(19.2
)
 
Malibu
17,448

14,817

17.8

 
29,270

30,640

(4.5
)
 
Silverado-C/K Pickup
36,584

41,643

(12.1
)
 
65,510

77,088

(15.0
)
 
Sonic
7,586

6,025

25.9

 
14,173

13,202

7.4

 
Spark
2,576

2,836

(9.2
)
 
4,424

5,244

(15.6
)
 
Suburban (Chevy)
2,035

3,745

(45.7
)
 
3,740

6,037

(38.0
)
 
SS
283

—

***.*

 
515

—

***.*

 
Tahoe
4,961

5,316

(6.7
)
 
8,475

8,935

(5.1
)
 
Traverse
7,573

8,698

(12.9
)
 
12,941

15,468

(16.3
)
 
Volt
1,210

1,626

(25.6
)
 
2,128

2,766

(23.1
)
 
Chevrolet Total*
153,913

158,541

(2.9
)
 
273,002

295,845

(7.7
)
 
Acadia
6,780

6,628

2.3

 
12,243

11,816

3.6

 
Canyon
—

180

***.*

 
1

482

(99.8
)
 
Savana
2,194

886

147.6

 
4,130

1,930

114.0

 
Sierra
14,232

14,133

0.7

 
25,350

26,979

(6.0
)
 
Terrain
9,297

9,802

(5.2
)
 
16,360

18,352

(10.9
)
 
Yukon
1,949

2,572

(24.2
)
 
3,236

4,262

(24.1
)
 
Yukon XL
1,110

1,577

(29.6
)
 
1,975

2,773

(28.8
)
 
GMC Total
35,562

35,778

(0.6
)
 
63,295

66,594

(5.0
)
 
GM Vehicle Total*
222,104

224,314

(1.0
)
 
393,590

419,013

(6.1
)
 
24 selling days for the February period this year and 24 for last year.
 
 
 
 
 
*Totals include discontinued Buick Lucerne, Cadillac DTS, and Chevrolet HHR.
 
 
 



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