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August 2008 Sales: General Motors

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GM Reports 308,817 Deliveries in August

Up 31.3 Percent From July and the Highest Monthly Sales Total in 2008

Employee Discount For Everyone Extended

Sept 3rd - GM Media - Press Release

Link to Press Release

  • Car retail sales increase driven by Chevrolet Malibu sales up 212 percent, Pontiac Vibe up 114 percent, Cadillac CTS up 87 percent, Corvette up 49 percent and Chevrolet Impala up 27 percent compared with last August
  • Buick Enclave, GMC Acadia and Saturn Outlook crossover retail sales up 29 percent
  • 80,000 Chevrolet Silverado, Avalanche and GMC Sierra pickups sold, best month since August, 2007
  • Chevrolet Tahoe, Suburban and GMC Yukon sales highest so far in 2008 with more than 22,000 deliveries
  • August had largest total, retail and fleet deliveries so far in 2008
  • Anticipated best monthly market share performance of 2008

DETROIT - General Motors dealers in the United States delivered 308,817 vehicles in August, making it GM's best monthly total, retail and fleet sales performance so far in 2008. The strong showing was spurred by GM's Employee Discount for Everyone sale in celebration of GM's Centennial later this month. In response to ongoing customer and dealer demand, the sale is being extended through September 30, 2008 and a number of 2009 models are being added due to dwindling 2008 inventories.

Compared with an exceptionally strong retail and fleet month last year, August total sales were down 20 percent. However, when compared with July, 2008, total sales were up 31 percent, retail sales were up 32 percent and fleet sales were up 29 percent. Last August's sales performance was influenced by significantly lower fuel prices and a 0 percent APR for 60 months offer on pickups.

Notably in August, Chevrolet Silverado, Avalanche and GMC Sierra had their strongest total sales month since last August, with more than 80,000 vehicles sold, as GM full-size pickups continue to build market share calendar-year-to-date. Silverado sales were up 69 percent, Avalanche was up 59 percent and Sierra sales increased 75 percent compared with July, 2008.

Chevrolet Tahoe, Suburban and GMC Yukon full-size utilities had their best performance of the year with total sales up 33 percent compared with July with more than 22,000 vehicles sold. Overall, GM August truck sales (excluding crossovers) declined 25.6 percent compared with a year ago.

"Our award-winning lineup of new products, combined with the GM Employee Discount for Everyone sale that started August 20th, helped drive additional showroom traffic and our dealers are giving us some very enthusiastic feedback. We had our best sales month so far in 2008. Today we're announcing the extension of the sale through September 30, and we've added 19 additional 2009 models to the eligible list of vehicles because our 2008 stock on dealer lots is rapidly disappearing," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing.

"With the recent moderation in fuel prices, we're seeing some relaxation of pent-up demand in pickups and utilities. Our August sales of these segment-leading trucks and utilities has been the best in nearly a year and August marked the fourth consecutive month that truck sales as a percentage of GM and industry sales increased. We also saw double-digit retail increases in our crossovers compared with July," LaNeve added. "We saw great car retail performance in our launch products, including the Chevrolet Malibu, Cadillac CTS, Pontiac Vibe and G8, and Saturn Astra, and continued strong retail demand for our fuel efficient Chevrolet Aveo and HHR."

Chevrolet retail car sales were up 18 percent, Pontiac retail car sales increased 11 percent and Cadillac retail car sales were up 10 percent compared with last August.

Cadillac CTS dominated the mid-car luxury category with retail sales increasing 87 percent compared with the same month a year ago.

Saturn Astra monthly sales of more than 1,900 vehicles were the best to date, and show a 28 percent increase compared with July 2008 (Astra was not available last August).

GM's popular midsized crossovers -- Buick Enclave, GMC Acadia and Saturn Outlook -- together accounted for more than 14,600 vehicle sales in the month, with a retail sales increase of 29 percent compared with a year ago.

GM hybrid vehicles continue to gain in popularity in the marketplace with 530 hybrid Chevrolet Tahoe, 267 GMC Yukon and 1 Cadillac Escalade 2-mode SUVs delivered. There were 388 Chevrolet Malibu, 26 Saturn Aura and 417 Vue hybrids sold in August. For the month, a total of 1,629 hybrid vehicles were delivered, with 7,096 hybrids sold so far this year.

"Customers are responding to our six hybrid models - vehicles that provide industry-leading value, great fuel economy and the best warranty coverage of any full-line automaker," LaNeve added. "We're working hard to change perceptions and gain awareness of GM as the leader in advanced propulsion technology and fuel efficiency."

GM has aggressively managed inventories to low levels. In August, only about 736,000 vehicles were in stock - the lowest August level since 1998 - down about 209,000 vehicles (22 percent) compared with last August. There were about 256,000 cars and 480,000 trucks (including crossovers) in inventory at the end of August.

Certified Used Vehicles

August 2008 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 41,238 vehicles, down 8 percent from August 2007. Year-to-date sales are 339,375 vehicles, down 5 percent from the same period last year.

GM Certified Used Vehicles, the industry's top-selling certified brand, posted August sales of 35,168 vehicles, down 12 percent from a strong August 2007 sales performance. Saturn Certified Pre-Owned Vehicles sold 1,005 vehicles, down nearly 6 percent. Cadillac Certified Pre-Owned Vehicles sold 4,023 vehicles, up 27 percent. Saab Certified Pre-Owned Vehicles sold 791 vehicles, up 32 percent, and HUMMER Certified Pre-Owned Vehicles sold 251 vehicles, up 130 percent.

"The Cadillac, Saab and HUMMER programs posted robust sales increases in August, while GM Certified Used Vehicles continues to lead the certified pre-owned segment in sales," said LaNeve. "The launch this month of a new 12-month/12,000-mile bumper-to-bumper warranty on all Saturn Certified Pre-Owned and GM Certified Used Vehicles, effective September 13, will provide shoppers a range of peace-of-mind assurances as strong as those provided by any certified program in America."

GM North America Reports August, 2008 Production; Third-Quarter Production Forecast at 920,000 Vehicles; Initial Fourth Quarter Forecast is 875,000 Vehicles

In August, GM North America produced 341,000 vehicles (158,000 cars and 183,000 trucks). This is down 96,000 vehicles or 22 percent compared with August 2007 when the region produced 437,000 vehicles (152,000 cars and 285,000 trucks). (Production totals include joint venture production of 18,000 vehicles in August 2008 and 21,000 vehicles in August 2007.)

The GM North America third-quarter production forecast is at 920,000 vehicles (443,000 cars and 477,000 trucks) which is down about 10 percent compared with a year ago, due to production adjustments in response to market changes that will reduce the number of trucks produced by about 176,000 and increase the number of cars by about 76,000. GM North America built 1.020 million vehicles (367,000 cars and 653,000 trucks) in the third-quarter of 2007.

The initial GM North America fourth-quarter production forecast is 875,000 vehicles (436,000 cars and 439,000 trucks) which is down about 16 percent compared with a year ago. GM North America built 1.042 million vehicles (358,000 cars and 684,000 trucks) in the fourth-quarter of 2007.

General Motors Corp. (NYSE: GM), the world's largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 266,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 35 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. 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.

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Wow, Astra sales are SLOW

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Wow, Astra sales are SLOW

They don't seem to advertise it much.

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GM can talk about how the CTS, Malibu and some crossovers were up, but Cadillac was down 20%, and GM as a whole was down 20%. There are far more weak models in the lineup than there are strong, and that leads to a perception problem and sales problem. The cars like the CTS and Malibu that were up, still get beat on volume by other cars in the segment, GM lacks a car like a Camry or 3-series that sells in massive volume.

I find it interesting that Infiniti is up 8%, because all the other luxury brands dropped. I just saw a commercial for the new FX, 390 hp V8 and 7 speed transmission, which seems better than the front drive SRX that is coming.

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WOW, the Chevrolet Impala up 27 percent compared with last August.

And they said the W bodies were dead, the public disagrees. :smilewide:

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WOW, the Chevrolet Impala up 27 percent compared with last August.

And they said the W bodies were dead, the public disagrees. :smilewide:

I doubt if that's the public...probably Avis/etc buying more Impalas, since the previous W rental queen (Grand Prix) is now out of production...

Edited by moltar
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I doubt if that's the public...probably Avis/etc buying more Impalas, since the previous W rental queen (Grand Prix) is now out of production...

Agreed. The public isn't buying it, the Impala is around 55-60% fleet sale. Avis probably needed cars this month and got a nice deal.

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I doubt if that's the public...probably Avis/etc buying more Impalas, since the previous W rental queen (Grand Prix) is now out of production...

Doesn't matter, at this point in time, GM wouldn't care if the Girl Scouts bought them to sell cookies. :smilewide:

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Doesn't matter, at this point in time, GM wouldn't care if the Girl Scouts bought them to sell cookies. :smilewide:

Hmmm....stale cars, stale cookies? :)

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They don't seem to advertise it much.

I get advertisements from Saturn in the mail every week, sometimes two per week. Apparently as a Saturn "owner" (its been like 3 years since I traded it off) they think I deserve to be hounded with ads. I've driven the Astra and was underwhelmed.

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Hmmm....stale cars, stale cookies? :)

:withstupid: :rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao:

Chris

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Just remember, the W-Impala will receive another refresh soon since it's sticking around a few more years...

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I'm starting to see Enclaves popping up around Houston - especially down where I work in Sugar Land (suburb). I even saw a few Enclaves out in SF last weekend. For an SUV, I think it looks good - although the rear end has too much of an Asian look IMO, but whatever.

My wife and I went to San Francisco last weekend to visit some family and all I can say is; wow. GM cars are totally non-existent there (other than rental cars). I thought Houston was bad - hell, Houston looked great for GM compared to the Bay Area. If I saw a GM product, it was an Escalade or Tahoe (and not very many of them), or a truck or van that was being used commercially (although I did see a couple of Enclaves/Acadias/Outlooks believe it or not, and some of them didn't even have bar codes on them) . I saw a couple of new Cadillacs and a bunch of older late 90s/early 2000s Saturns, but hardly anything, and I mean nothing else new from GM, other than rentals of course. If it was new and privately owned, it was Japanese almost every single time. I would say GM has about 3% of the new car market in San Francisco. That's absolutely pathetic, considering the fact that California has a high concentration of tech savvy, visionary types that GM should be going after like gangbusters. I thought for sure I'd see a few Astras at least - but I didn't see a single one. It's funny, I thought I didn't see that many new GM cars here, but I guess compared to the Bay Area, GM isn't doing so bad in Houston.

I didn't see them in the same numbers as I did Japanese cars, but Ford seems to be doing okay there (especially the Edge). Of course by ok, I mean maybe 7% of the market or something.

I must say though that other than everyone owning a Toyota, SF is a pretty cool town. :D

Edited by gmcbob
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They don't seem to advertise it much.

Supply is restricted—you're only getting Europe's excess capacity. They can't sell too many because of the production cost and its import status.

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I'm starting to see Enclaves popping up around Houston - especially down where I work in Sugar Land (suburb). I even saw a few Enclaves out in SF last weekend. For an SUV, I think it looks good - although the rear end has too much of an Asian look IMO, but whatever.

My wife and I went to San Francisco last weekend to visit some family and all I can say is; wow. GM cars are totally non-existent there (other than rental cars). I thought Houston was bad - hell, Houston looked great for GM compared to the Bay Area. If I saw a GM product, it was an Escalade or Tahoe (and not very many of them), or a truck or van that was being used commercially (although I did see a couple of Enclaves/Acadias/Outlooks believe it or not, and some of them didn't even have bar codes on them) . I saw a couple of new Cadillacs and a bunch of older late 90s/early 2000s Saturns, but hardly anything, and I mean nothing else new from GM, other than rentals of course. If it was new and privately owned, it was Japanese almost every single time. I would say GM has about 3% of the new car market in San Francisco. That's absolutely pathetic, considering the fact that California has a high concentration of tech savvy, visionary types that GM should be going after like gangbusters. I thought for sure I'd see a few Astras at least - but I didn't see a single one. It's funny, I thought I didn't see that many new GM cars here, but I guess compared to the Bay Area, GM isn't doing so bad in Houston.

I didn't see them in the same numbers as I did Japanese cars, but Ford seems to be doing okay there (especially the Edge). Of course by ok, I mean maybe 7% of the market or something.

I must say though that other than everyone owning a Toyota, SF is a pretty cool town. :D

Last time I went to SF, I did see quite a few Escape Hybrid Zipcars.

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GM hybrid vehicles continue to gain in popularity in the marketplace with 530 hybrid Chevrolet Tahoe, 267 GMC Yukon and 1 Cadillac Escalade 2-mode SUVs delivered. There were 388 Chevrolet Malibu, 26 Saturn Aura and 417 Vue hybrids sold in August. For the month, a total of 1,629 hybrid vehicles were delivered, with 7,096 hybrids sold so far this year.

The Escape Hybrid outsold all of GM's hybrids (both mild and full) combined.

Edited by empowah
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How many 2008 Lambdas do they have left, and is that why they sold so many? That is a lot of Acadias and Enclaves (Outlook was actually down). I never thought I'd see the day they'd sell more than 6,000 Enclaves a month. And 5,800+ LaCrosses? Hey Ford, can you say pwned?

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Last time I went to SF, I did see quite a few Escape Hybrid Zipcars.

I actually saw a lot of Escape Hybrid taxi cabs in SF.

Incidentally, my wife had to go to on a business trip this week to Ohio (yes, lots of airplanes for her this week) and she rented an Edge - she said she really liked it a lot. She's definitely favors import cars too for the most part.

About the W body Impala - I haven't driven one since 2001 when I rented one in California, but if I drove a new 2008 V6 Impala back to back with a 2008 V6 Camry, would I like the Camry better? I have this sneaking suspicion that I would find the Camry a little more modern and sharp feeling (simply based on what I know about the two platforms and about the engines and transmissions on paper). Does that same feeling resonate with Joe Blow who doesn't care about how much power his V6 has - he just wants a buggy to get to work in?

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Just remember, the W-Impala will receive another refresh soon since it's sticking around a few more years...

i hope it gets a nice new interior. to be honest, the exterior shape of the impala is one of the nicest, cleanest, crispest sedan shapes on the road and it could easily soldier on for a few more years with a new front beak.

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i hope it gets a nice new interior. to be honest, the exterior shape of the impala is one of the nicest, cleanest, crispest sedan shapes on the road and it could easily soldier on for a few more years with a new front beak.

+1 :duck:

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