GM June Retail Sales Up 10 Percent Compared With May; 176,571 Total Deliveries Were Down 33.6 Percent Compared With A Year Ago
Retail improvements reflect increasing consumer confidence in GM’s long-term viability: Compared with May, 20 percent jump in cars, 13 percent boost in crossover deliveries
June was the fourth consecutive month-over-month retail sales increase led by core brands: Chevrolet, GMC, Buick and Cadillac which were up 6 percent collectively compared with May
Camaro launch momentum builds with 9,300 total sales; demand outstrips supply with an additional 10,000 sold orders to be filled; vehicle ends the month with less than a 7-day supply
DETROIT – General Motors dealers in the United States delivered 176,571total vehicles in June, down 33.6 percent compared with a year ago. However, when comparing GM’s June retail sales with May, volume was up 10 percent, or more than 13,000 cars, crossovers and trucks resulting in the fourth consecutive month-over-month retail sales increase.
“We’re pleased with our retail performance for the month, and it shows consumers’ strong attraction to our products – such as the Camaro, Aveo, Traverse, LaCrosse, Lucerne, CTS, DTS and STS – which all saw retail sales gains compared with May,” said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. “Customers are cautiously coming back into the market, although the industry remains very weak at approximately a 10 million SAAR (Seasonally Adjusted Annualized Rate). The reinvention of GM remains on track and we have compelling new offers in July, including 0 percent financing for up to 72 months available through GMAC and the Federal CARS (Car Allowance Rebate System) ‘Cash for Clunkers’ plan that encourages consumers to trade in their old car or truck for a new fuel-efficient GM product.”
Although GM retail sales were up in June, fleet sales of 32,725 vehicles were down 49 percent compared to a year ago, contributing to an overall sales decline of 89,366 vehicles versus June 2008. This drop in fleet sales was a direct result of a strategic decision GM made to schedule down weeks at a number of its plants to tightly control inventories and better enable GM dealers to reduce their stock of vehicles. GM total truck sales in June (including crossovers) of 93,458 were down 40 percent, and car sales of 83,113 were off 24 percent compared with a year ago.
When compared with May’s retail performance, there were several product highlights in GM’s core brands to note:
Chevrolet car retail sales were up 8 percent driven by Camaro and Aveo. Avalanche, Colorado, HHR, Equinox, Suburban and Traverse also saw retail sales increases with Chevrolet retail truck sales up 2 percent. Total Chevrolet vehicle retail sales increased 4 percent
Buick Enclave saw a retail sales increase, pushing its crossover sales up 5 percent. Buick retail car sales increased 17 percent with Lucerne up 21 percent and LaCrosse up 12 percent. Buick retail sales increased 11 percent
Cadillac car retail sales increased 16 percent with CTS, DTS and STS all pushing retail volume higher. Truck retail deliveries increased 3 percent as Escalade EXT and ESV both saw retail increases. Cadillac crossover retail sales increased 26 percent as SRX saw a retail sales increase too. Cadillac retail sales overall were up 14 percent
GMC crossover retail sales were up 2 percent, pushed by Acadia deliveries. Canyon retail sales were up 43 percent and Yukon XL retail sales increased 19 percent
“Our outstanding products continue to compete strongly in the market,” LaNeve said. “Camaro is the hottest product in America and probably led the sport segment with more than 9,300 vehicles delivered in June without any incentives. Additionally, we are offering the best selection of crossovers with Traverse, Acadia, Outlook and Enclave and we just announced very affordable pricing on the all-new GMC Terrain crossover. We invite consumers to visit dealer showrooms to shop and compare for themselves. We are confident they will be pleasantly surprised by the compelling designs, segment-leading fuel economy and outstanding value that our new cars, trucks and crossovers have to offer.”
A total of 1,454 GM hybrid vehicles were delivered in the month, illustrating the wide range of hybrid product offerings available. GM offers the Chevrolet Malibu, Tahoe and Silverado, GMC Yukon and Sierra, Cadillac Escalade, Saturn Aura and Vue hybrids. So far, in 2009, GM has delivered 8,349 hybrid vehicles.
GM’s four non-core brands saw total sales declines compared with a year ago as Saturn declined 60 percent; Saab was off 58 percent, HUMMER dropped 48 percent and Pontiac declined 16 percent.
GM inventories dropped compared with a year ago, and are on track to approach the half-million mark as planned. At the end of June, about 582,000 vehicles were in stock, down about 206,000 vehicles (or 26 percent) compared with last year, and are down approximately 33 percent compared with January. There were about 250,000 cars and 332,000 trucks (including crossovers) in inventory at the end of June. Inventories were reduced about 93,000 vehicles compared with May.
GM Certified Sales
GM Certified Used Vehicles, Saturn Certified Pre-Owned Vehicles, Cadillac Certified Pre-Owned Vehicles, Saab Certified Pre-Owned Vehicles, and HUMMER Certified Pre-Owned Vehicles, combined sold 31,660 vehicles.
GM Certified Used Vehicles, the industry’s top-selling certified brand, posted June sales of 27,446 vehicles, down 25 percent from June 2008. Saturn Certified Pre-Owned Vehicles sold 990 vehicles, down 15 percent. Cadillac Certified Pre-Owned Vehicles sold 2,624 vehicles, down 20 percent. Saab Certified Pre-Owned Vehicles sold 396 vehicles, down 53 percent. HUMMER Certified Pre-Owned Vehicles posted a gain with 204 vehicles sold, up 53 percent.
"GM's certified used/pre-owned programs provide tremendous value and added assurance to customers, and we remain positive about the market," said LaNeve. "Our Certified Used Vehicles offer the largest selection in the industry and strong factory-backed warranties, such as the 12-month/12,000 mile bumper-to-bumper warranty (whichever comes first). It's important that consumers understand we will continue to honor our warranty commitment at our national network of dealers on current and future General Motors Certified Used/Pre-Owned vehicles. Our warranties offer the peace of mind in purchasing a durable and reliable vehicle. As we move forward in this new chapter of GM, we will work to meet the needs of our customers, whether they purchase new or Certified Used and Pre-Owned vehicles. See your dealer for more details regarding our warranties."
GM North America reports preliminary June 2009 production; Q2 2009 production preliminary actuals at 394,000 vehicles
In June, the region’s preliminary actual production was 88,000 vehicles (52,000 cars and 36,000 trucks). This is down 253,000 vehicles or 74 percent compared with June 2008 when the region produced 341,000 vehicles (135,000 cars and 206,000 trucks). (Production totals include joint venture production of 12,000 vehicles in June 2009 and 16,000 vehicles in June 2008.)
The region’s 2009 second-quarter preliminary actual production was 394,000 vehicles (170,000 cars and 224,000 trucks), which is down about 53 percent compared with a year ago. GM North America built 834,000 vehicles (382,000 cars and 452,000 trucks) in the second-quarter of 2008.
About GM: General Motors Corp., one of the world’s largest automakers, was founded in 1908, and today manufactures cars and trucks in 34 countries. With its global headquarters in Detroit, GM employs 235,000 people in every major region of the world, and sells and services vehicles in some 140 countries. In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, 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. 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/us/gm/en 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: our ability to have the 363 sale approved by the Bankruptcy Court and to complete it on an expedited timeline; our ability to sustain vehicle sales in the U.S. and globally while we carry out our restructuring plans; the ability of our foreign subsidiaries to restructure, enter into the new investment arrangements they have announced, and receive other financial support from their local governments; our ability to build consumers’ confidence in our viability following Chapter 11 proceedings and to continue to attract customers, particularly for our new products; our ability to continue to sell, spin-off or phase out some of our brands, to manage the distribution channels for our products, and to complete other planned asset sales; and the overall strength and stability of general economic conditions and of the automotive industry, both in the U.S. and globally. 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.