News United States

DETROIT – GM dealers in the U.S. delivered 151,427 vehicles in November. While this represents a decline of 2 percent compared with November 2008, GM retail sales were up 1 percent for the month. Total sales for Chevrolet, Buick, GMC and Cadillac were up 6 percent vs. the prior year. Retail sales for these brands were up 10 percent vs. the prior year, and currently represent 94 percent of GM’s retail sales performance.   

“Consumer interest in our launch vehicles remains solid,” said Susan Docherty, GM vice president, U.S. Sales. “We’re working to strengthen our Chevrolet, Buick, GMC and Cadillac brands by providing cars, crossovers and trucks with the sales and service experience that our customers deserve. We have more to do, but we’re committed to earning consideration and future sales by delivering great products in every segment.”

November quick facts:

• Combined retail sales of Buick, Cadillac, Chevrolet and GMC represented 94 percent of GM retail sales, up from 86 percent in November 2008
• Total GM retail sales increased 1 percent when compared with the prior year
• Retail sales for Buick, Cadillac, Chevrolet and GMC increased 10 percent for the month compared with November 2008
• Retail sales of our six launch vehicles comprised 22 percent of total GM retail sales, more than one out of five retail sales, and volume was 6 percent higher than last month
• Retail sales of Buick, Cadillac, Chevrolet and GMC Crossover launch vehicles were up 140 percent vs. a year ago compared with the vehicles they replace
• Combined retail sales of crossovers and cars were 60 percent of GM retail sales for the month, compared with 46 percent in November 2008 – the eighth month at this level in 2009
• Total sales for GM full-size pickup trucks were down 24 percent for the month, compared to November 2008
• Fleet sales declined 9 percent vs. November 2008

Chevrolet key facts:

·         Chevrolet retail sales were up 10 percent for the month compared with a year ago – the second consecutive monthly retail sales gain

·         Chevrolet passenger car retail sales were up 41 percent vs. November 2008, led by Aveo (up 94 percent), and Malibu (up 34 percent)

·         Traverse retail sales were up 154 percent compared with November 2008

·         Equinox retail sales were up 247 percent compared with last year, and up 27 percent  calendar year-to-date

·         Camaro retail sales were 6,827 – the sixth consecutive month above 6,000 and higher than Ford Mustang

Buick key facts:  

·         Buick retail sales were up 33 percent compared with a year ago

·         LaCrosse retail sales were up 238 percent compared with November 2008

·         Enclave retail sales were up 33 percent compared with November 2008

GMC key facts:

·         GMC retail sales were up 6 percent vs. November 2008

·         Terrain retail sales of 3,514 were 418 percent higher compared with last year for the vehicle it replaces (Pontiac Torrent)

·         Acadia retail sales were up 17 percent compared with November 2008

Cadillac key facts:

·         Cadillac retail sales were up 2 percent and total sales were up 10 percent compared with November 2008 - the second consecutive month of retail and total sales gains

·         SRX retail sales were 361 percent higher vs. the prior year

·         SRX retail sales are up 5 percent calendar year-to-date through November

Other Brands Sold 11,755 Total Vehicles in November

As a percent of total GM sales, these brands represented 8 percent of sales, compared with 15 percent in November 2008.

Management Discussion of November Sales Results

 “We continue to be encouraged by the latest information which shows the U.S. economy strengthening,” said Mike DiGiovanni, executive director, Global Market and Industry Analysis. “For example, we estimate that housing starts will probably rise to about 600,000 to 650,000 by the end of 2010, which will have a positive effect on the economy and will also help support improvement in light-duty pickup truck sales.”

U.S. Economy

·         Credit spread has returned to normal levels. However, consumer credit continues to contract – reflecting both weak credit demand and cautious bank lending

·         Consumer confidence fell slightly in November, but remains much improved from the trough in February

·         Manufacturing sector is increasing output due to depleted current inventories

·         Job losses continue to slow, however employment levels continue to be a concern

·         Housing starts, new and existing home sales, and home prices are beginning to stabilize

U. S. Auto Industry

·         The U.S. November 2009 SAAR is estimated to be slightly higher than October – approximately 11.0 million (total industry estimate)

·         Industry inventory levels are anticipated to increase moderately through Q4 to support modestly rising industry sales

 

GM North America Production

Units 000s		Car	Truck	Total
2009 November		75	133	208
Units O/(U) prior year		(34)	(7)	(41)
% change O/(U) prior year		(31%)	(5%)	(16%)
2009 Q4		239	381	620
Units O/(U) prior year		(126)	(69)	(195)
% change O/(U) prior year		(35%)	(15%)	(24%)
2010 Q1		237	413	650
Units O/(U) prior year		121	158	279
% change O/(U) prior year		104%	62%	75%

 

GM U.S. Dealer Inventory

Units 000s		Car	Truck	Total
2009 November 30		168	270	438
Units O/(U) prior year		(211)	(213)	(424)
% change O/(U) prior year		(56%)	(44%)	(49%)
Units O/(U) prior month		(4)	(2)	(6)
% change O/(U) prior month		(2%)	(1%)	(1%)
2008 November 30		379	483	862
2009 October 31		172	272	444

About General Motors:  General Motors, one of the world’s largest automakers, traces its roots back to 1908.  With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in some 140 countries.  GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands:  Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling.  GM’s largest national market is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany.  GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services.  General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation.  More information on the new General Motors can be found at www.gm.com.

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*S/D Curr: 23	November				(Calendar Year-to-Date) January -  November
*S/D Prev: 25	2009	2008	% Chg Volume	%Chg per S/D	2009	2008	%Chg Volume
Vehicle Total	151,427	154,877	-2.2	6.3	1,875,981	2,758,705	-32.0
Core Brand Total	139,672	132,301	5.6	14.8	1,621,982	2,286,865	-29.1
Non-Core Brand Total	11,755	22,576	-47.9	-43.4	253,999	471,840	-46.2
Light Vehicle Total	150,676	153,404	-1.8	6.8	1,864,211	2,734,789	-31.8
Car Total	58,036	58,786	-1.3	7.3	794,853	1,169,975	-32.1
Light Truck Total	92,640	94,618	-2.1	6.4	1,069,358	1,564,814	-31.7
Truck Total **	93,391	96,091	-2.8	5.6	1,081,128	1,588,730	-32.0
GM Vehicle Deliveries by Marketing Division
	2009	2008	%Chg Volume	%Chg per S/D	2009	2008	%Chg Volume
Buick Total	8,627	7,516	14.8	24.8	90,069	128,288	-29.8
Cadillac Total	9,721	8,815	10.3	19.9	94,347	147,924	-36.2
Chevrolet Total	100,023	95,756	4.5	13.5	1,209,007	1,663,440	-27.3
GMC Total	21,301	20,214	5.4	14.5	228,559	347,213	-34.2
Core Brand Total	139,672	132,301	5.6	14.8	1,621,982	2,286,865	-29.1
HUMMER Total	221	1,454	-84.8	-83.5	8,721	25,315	-65.6
Pontiac Total	7,426	12,140	-38.8	-33.5	169,890	250,902	-32.3
Saab Total	371	852	-56.5	-52.7	7,812	20,189	-61.3
Saturn Total	3,737	8,130	-54.0	-50.0	67,576	175,434	-61.5
Non-Core Brand Total	11,755	22,576	-47.9	-43.4	253,999	471,840	-46.2
GM Vehicle Total	151,427	154,877	-2.2	6.3	1,875,981	2,758,705	-32.0
GM Car Deliveries by Marketing Division
	2009	2008	%Chg Volume	%Chg per S/D	2009	2008	%Chg Volume
Buick Total	5,571	5,220	6.7	16.0	52,322	86,201	-39.3
Cadillac Total	4,447	4,879	-8.9	-0.9	56,487	98,079	-42.4
Chevrolet Total	38,631	33,055	16.9	27.0	492,362	660,322	-25.4
Car Core Brand Total	48,649	43,154	12.7	22.5	601,171	844,602	-28.8
Pontiac Total	7,300	11,383	-35.9	-30.3	160,497	232,278	-30.9
Saab Total	293	717	-59.1	-55.6	5,676	16,904	-66.4
Saturn Total	1,794	3,532	-49.2	-44.8	27,509	76,191	-63.9
Car Non-Core Brand Total	9,387	15,632	-40.0	-34.7	193,682	325,373	-40.5
GM Car Total	58,036	58,786	-1.3	7.3	794,853	1,169,975	-32.1
GM Light Truck Deliveries by Marketing Division
	2009	2008	%Chg Volume	%Chg per S/D	2009	2008	%Chg Volume
Buick Total	3,056	2,296	33.1	44.7	37,747	42,087	-10.3
Cadillac Total	5,274	3,936	34.0	45.6	37,860	49,845	-24.0
Chevrolet Total	61,032	62,040	-1.6	6.9	711,121	993,464	-28.4
GMC Total	20,910	19,402	7.8	17.1	222,313	332,951	-33.2
Truck Core Brand Total	90,272	87,674	3.0	11.9	1,009,041	1,418,347	-28.9
HUMMER Total	221	1,454	-84.8	-83.5	8,721	25,315	-65.6
Pontiac Total	126	757	-83.4	-81.9	9,393	18,624	-49.6
Saab Total	78	135	-42.2	-37.2	2,136	3,285	-35.0
Saturn Total	1,943	4,598	-57.7	-54.1	40,067	99,243	-59.6
Truck Non-Core Brand Total	2,368	6,944	-65.9	-62.9	60,317	146,467	-58.8
GM Light Truck Total	92,640	94,618	-2.1	6.4	1,069,358	1,564,814	-31.7
* Twenty-three selling days (S/D) for the November period this year and twenty-five for last year.
**Effective August 2007, GM includes GMC & Chevrolet dealer deliveries of commercial vehicles distributed by American Isuzu Motors, Inc.