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August 2007 Sales: General Motors

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FOR RELEASE: 2007-09-04

GM Reports 388,168 August Deliveries

Bucking The Industry Trend, 5 Percent Total Sales Increase Led By Full-Size Pickups and All-New Crossovers

GMC Division Up More Than 21 Percent; Chevrolet Up Nearly 9 Percent

Market Share Expected To Be The Best of 2007 So Far

DETROIT - GM dealers in the United States delivered 388,168 vehicles in August, up more than 5 percent compared with year-ago monthly sales, a strong performance that resulted in an anticipated highest-of-the-year market share of nearly 26 percent. Brisk sales of full-size pickups and crossover SUVs led the increase.

"Bucking the trend in the industry, we were able to post healthy sales results in August. When combining retail sales with our growing commercial business, our sales were up when compared with last August. Importantly, last month was our third-best retail month of the year," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "With the double-digit decline in daily rental sales so far this year, and an overall market that remains challenging and competitive, we continue to stabilize our retail share and pricing in the market."

Customers are also recognizing the quality of GM products. A recent study ranked Buick number one (tied with Lexus) in vehicle dependability. Another customer service survey has every GM brand above the industry average score -better than Toyota, Mercedes-Benz, Chrysler, Ford and Land Rover. "The myth of import superiority is being destroyed. In countless independent consumer surveys, blogs and expert reviews, it is becoming increasingly evident that we build the highest quality vehicles and deliver them with world-class service," LaNeve noted.

Overall incentive spending was flat compared with a year ago. August inventories were down about 34,000 vehicles to approximately 945,000 vehicles.

"August performance shows we're hitting the sweet spot on truck programs, and our award-winning Chevy Silverado and GMC Sierra full-size pickups are making important contributions on the retail side," LaNeve added. "Importantly, these vehicles contributed a 30-percent increase in full-size pickup retail sales, with Sierra kicking in more than 22,500 retail sales in the month. We are also pleased with the ongoing success of the GMC Acadia, Saturn OUTLOOK and Buick Enclave. They are driving our mid-utility crossover segment growth, which is up more than 400 percent compared with a year ago despite short inventories. As with many of our vehicles, these all-new crossovers offer segment-leading fuel economy, terrific performance and outstanding value."

The GMC Acadia, Saturn OUTLOOK and Buick Enclave together had retail sales of more than 10,400 vehicles, pushing the significant retail increase in GM's mid-crossover segment.

GM has 24 vehicles in the 2007 model lineup that achieve an EPA-estimated 30 mpg highway or better.

Warranty coverage has increased substantially as a reason consumers cite when buying a new GM vehicle. GM's 5 Year/100,000 Mile Powertrain Limited Warranty continues to be a better choice for customers. GM's coverage focuses on the complete ownership experience and includes other provisions that competitors do not offer, including transferability to the next owner, more complete coverage of parts, and coverage for new and certified used vehicles. In addition, GM offers superior complementary programs, such as courtesy transportation and roadside assistance. "GM provides the best coverage in the industry and takes care of the vehicle and the owner like no other vehicle manufacturer," LaNeve added.

Certified Used Vehicles

August 2007 sales for all certified GM brands, including GM Certified Used Vehicles, Cadillac Certified Pre-Owned Vehicles, Saturn Certified Pre-Owned Vehicles, Saab Certified Pre-Owned Vehicles, and HUMMER Certified Pre-Owned Vehicles, were 45,195 vehicles, up 1 percent from last August. Total year-to-date certified GM sales are 361,077 vehicles, up 4 percent from the same period last year.

GM Certified Used Vehicles, the industry's top-selling manufacturer-certified used brand, posted 39,905 sales, up 5 percent from last August. Year-to-date sales for GM Certified Used Vehicles are 317,398 vehicles, up 6 percent from the same period in 2006.

Cadillac Certified Pre-Owned Vehicles posted August sales of 3,162 vehicles, down 12 percent from last August. Saturn Certified Pre-Owned Vehicles sold 1,421 vehicles in August, down 28 percent. Saab Certified Pre-Owned Vehicles sold 598 vehicles, down 36 percent, and HUMMER Certified Pre-Owned Vehicles sold 109 vehicles, up 35 percent.

"GM Certified dealers turned in a strong performance in August with sales of 39,905 vehicles, an increase of nearly 5 percent from last August," said LaNeve. "Our dealer network, the largest in the certified segment, is doing a great job providing customers with the wide selection, quality, value and peace-of-mind assurances they're seeking in a certified used vehicle."

GM North America Reports August 2007 Production; 2007 Third-Quarter Production Forecast is Revised at 1.050 Million Vehicles; 2007 Fourth-Quarter Production Forecast Set at 1 Million Vehicles

In August, GM North America produced 437,000 vehicles (152,000 cars and 285,000 trucks). This is down 28,000 vehicles or 6 percent compared to August 2006 when the region produced 465,000 vehicles (179,000 cars and 286,000 trucks). (Production totals include joint venture production of 21,000 vehicles in August 2007 and 26,000 vehicles in August 2006.)

The region's 2007 third-quarter production forecast is revised at 1.050 million vehicles (377,000 cars and 673,000 trucks), down 25,000 vehicles or 2 percent from last month's guidance. Additionally, GM North America's initial 2007 fourth-quarter production forecast is set at 1 million vehicles (334,000 cars and 666,000 trucks), down 107,000 vehicles or 10 percent from fourth-quarter 2006 actuals. In the fourth-quarter of 2006 the region produced 1.107 million vehicles (446,000 cars and 661,000 trucks).

GM also announced 2007 revised third-quarter and initial fourth-quarter production forecasts for its international regions.

GM Europe - The region's 2007 third-quarter production forecast is unchanged at 395,000 vehicles. In the third-quarter of 2006 the region built 374,000 vehicles. The region's initial 2007 fourth-quarter production forecast is set at 452,000 vehicles. In the fourth-quarter of 2006 the region built 443,000 vehicles.

GM Asia Pacific -The region's 2007 third-quarter production forecast is revised at 492,000 vehicles, down 26,000 vehicles from last month's guidance. In the third-quarter of 2006 the region built 433,000 vehicles. The region's initial 2007 fourth-quarter production forecast is set at 631,000 vehicles. In the fourth-quarter of 2006 the region built 509,000 vehicles.

GM Latin America, Africa and the Middle East - The region's 2007 third-quarter production forecast is unchanged at 258,000 vehicles. In the third-quarter of 2006 the region built 215,000 vehicles. The region's initial 2007 fourth-quarter production forecast is set at 257,000 vehicles. In the fourth-quarter of 2006 the region built 215,000 vehicles.

General Motors Corp. (NYSE: GM), the world's largest automaker, has been the annual global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. 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: the pace of introductions and market acceptance of new products; the effect of competition on our markets and significant changes in the competitive environment; price increases or shortages of fuel; and changes in laws, regulations or tax rates. 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.

GM strives to ensure that all of the information contained in a press release is accurate at the time it is issued. However, changes in materials, equipment and specifications, prices, availability, etc do occur over time. For the most up-to-date information on currently available models, please visit GM.com/shop.

http://media.gm.com/servlet/GatewayServlet...amp;docid=39053

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if i hit the lotto tomorrow i would erect a billboard outside every toyota dealer with LaNeve's quote:

The myth of import superiority is being destroyed.

8)

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lol... never heard him say that, but its not really his place to say, more like lutz or wagoner...

but good quote...

i dont think toyota is supposed to increase this month but lets look... see how well their bloated rebate truck gets...

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GM looks like it had a good month. Silverado sales are nipping at the heels of F-Series sales (67K vs 69K). Saturn Aura sales also jumped quite a bit over last month...looks like the word is getting out. Some like the Uplander puzzled me though (gotta be incentives giving it a boost). Overall, good to see GM coming back!

I wish Ford would see the same gains. They had another lousy month.

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Equinox, Torrent - both way up The refresh is working there I think ( as minor as it was ). HHR up again! - The BIG trucks still rolled out in great numbers...all in all a great month. Way to go GM!

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Trailblazer...up?

Could be people looking at Acadia/Outlook and being unable to swing the payments or find one on the lots are looking at the Trailblazers as an alternative. Envoy was up a bit as well. And Buick still moved a few hundred more Rainiers. Wonder if this was why? Edited by toesuf94
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Trailblazer is probably fleets. The Lambdas didn't do as well, but I am guessing that is because of the 2-week July shutdown and therefore hardly any supply on the lots. Overall a very good month, though I'm wondering how the Silverado did not outsell the F-Series. Perhaps Ford fleeted a lot of them.

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Could be people looking at Acadia/Outlook and being unable to swing the payments or find one on the lots are looking at the Trailblazers as an alternative. Envoy was up a bit as well. And Buick still moved a few hundred more Rainiers. Wonder if this was why?

GM probably fleeted them higher this month to get rid of the backlog of trailblazers. i think ALOT of buyers just waited all summer for the cheap finance rates.

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anyone see yet the monthly sales for the entire auto market... it would be nice to see how much gm actually outpaced everything...

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GM looks like it had a good month. Silverado sales are nipping at the heels of F-Series sales (67K vs 69K). Saturn Aura sales also jumped quite a bit over last month...looks like the word is getting out. Some like the Uplander puzzled me though (gotta be incentives giving it a boost). Overall, good to see GM coming back!

I wish Ford would see the same gains. They had another lousy month.

Fleet. Until the Dodge Grand Caravan Cargo comes on stream it is the only entry in the midsize commercial van market, of which there are, let's see, seven or eight brands in Europe. Edited by thegriffon
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GM's Winners

Escalade (+1000 over July and 40% over Aug 2006)

SRX (Flat and 7.6%)

Cobalt (+5000 and 7%)

Suburban (Flat and 27%)

Equinox (+5700 and 13.5%)

Express (+4200 and 16%)

HHR (flat and 49.5%)

Trailblazer (-800 but up 6.6%)

Uplander (+2600 and 28.5%)

Silverado (+20,000 and 32%)

G6 (+4200—outselling Malibu in 2007)

Grand Prix (+4000 and 11%—get yours while you still can)

Torrent (+1900 and 41.5%)

Sierra (+7700 and 34%)

Yukon XL (+800 and 12.6%)

H2 (+400)

9³ (flat and 9%)

Aura (+900)

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Anything in the press releases about fleet sales?..they've generally crowed about reductions in down months...

I smell fleet sales being tweaked...anyone?

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Sweet. Glad to see Cobalt is up as well. Not suprised the trucks and crossovers are selling, they are a first rate product.

Chris

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Anything in the press releases about fleet sales?..they've generally crowed about reductions in down months...

I smell fleet sales being tweaked...anyone?

Why's it gotta smell? :AH-HA_wink:

Grand Prix most likely, possible with G6. I doubt it with Trailblazer, though, because rental managers are rejecting midsize SUVs; people either rent the biggest or a van.

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I think this is the first time in years that GM has had a sales increase without some kind of fire sale. :scratchchin:

without a illistration of what they dumped into fleets... its hard to tell...

hopefully GM will continue, their sales through the winter they've been praising their increasing retail consumers, so maybe its finnaly cought up with the beginning of the year priors fleet reduction...

so assuming, GM can keep sales flat if not improve, imagine what will happen when GM starts to get the Opel rebadge, G8, CTS, Malibu, hybrid Giants... these should all be poised to hit the market within the next 6 months...

and if consumers have finnally seen the new Silverado and GMC, then we can really assume, their sales will start to boom... at my previous store, 02-04 were major hits for the GMT800... and if consumers are lured in by such vehicles, as mentioned above, then they may buy something that isnt brand new... just because they never took a close enough look... seems to me, GM consumers recently are more pleased with their products then Toyota's consumers are with their respective new product...

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"The myth of import superiority is being destroyed. In countless independent consumer surveys, blogs and expert reviews, it is becoming increasingly evident that we build the highest quality vehicles and deliver them with world-class service," LaNeve noted.

NOW THAT'S THE KIND OF CONFIDENCE I'M TALKING ABOUT!!! GM has to SELL itself as the BETTER automaker, and that means informing and blatantly telling the consumer.

Way to go GM!!!!!!!!

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GM, the world's biggest automaker, surprised analysts by posting a 6 percent increase in sales, led by a 16.6 percent increase in truck sales. Part of that was due to a 24 percent increase in sales to rental car companies, which GM and other U.S. automakers have been trying to cut back on because they hurt brand image and resale values. Ballew said August was a one-time increase and GM will reduce sales to rental fleets through the rest of the year.

Carter said Toyota sales also were hurt by supply problems. Sales of the subcompact Yaris plunged 31 percent, for example, as Toyota failed to keep up with growing demand for a hatchback version.

http://news.moneycentral.msn.com/ticker/ar...2&Symbol=GM

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NOW THAT'S THE KIND OF CONFIDENCE I'M TALKING ABOUT!!! GM has to SELL itself as the BETTER automaker, and that means informing and blatantly telling the consumer.

Way to go GM!!!!!!!!

Here, Here!

We've been waiting a long time for this!

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This is not suprising when you have good products they sell. The Torrent went way up along with the Equinox prolly the 3K rebate that I even considered getting one with that!

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