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February 2009 Sales: General Motors

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http://media.gm.com/servlet/GatewayServlet...amp;docid=52742

Click the link for the charts.

GM Reports 127,296 Deliveries in February

* Chevrolet retail cars continue to gain share, led by Malibu's 33 percent retail sales gain compared with last year

* Chevrolet Traverse, GMC Acadia, Buick Enclave and Saturn Outlook drive mid-utility crossover retail sales up 35 percent, share up 10 percentage points, compared with a year ago

* GMAC retail penetration increased dramatically to more than 30 percent of sales in February; Credit Union-financed sales now about 10 percent of total

DETROIT - General Motors dealers in the United States delivered 127,296 vehicles in February, down 52.9 percent compared with a year ago, driven by a 75 percent reduction in fleet sales. However, GM's car sales compared with January were up nearly 23 percent, and crossover sales increased 6 percent, as financing availability continued to improve and slightly more fleet orders were able to be filled. Retail sales for the month were off 43 percent compared with a year ago in a total industry vehicle market estimated to be the weakest February since 1967.

"It remains a tough and challenging market, but seeing some upticks in volume and showroom traffic compared with last month is encouraging. Our new products continue to take hold in the market and we are estimating retail share increases with Malibu, Traverse, Enclave, HHR, Cobalt and G6. This is in line with our viability plan which is focused on passenger cars and crossovers in addition to our strong truck lineup," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "With the 2010 Camaro launching this month, closely followed by the Buick LaCrosse, Chevy Equinox and GMC Terrain, we are adding even more world-class, fuel-efficient cars and crossovers to our lineup."

GM February total car sales of 53,813 were off 50 percent and total truck sales (including crossovers) of 73,483 were down 55 percent compared with a year ago.

The newly-launched Chevrolet Traverse crossover continues to gain traction in the marketplace with total sales of more than 6,400 vehicles, up 23 percent from January. Chevrolet's crossover portfolio of HHR, Equinox and Traverse combined for 11,796 retail sales in February, a 7 percent increase compared with last year. Malibu retail sales were up 33 percent compared with a year ago.

"All of our new product launches in the 2009-2014 timeframe are cars or crossovers, and with outstanding products like Malibu and Traverse already in the market, we're building on a strong foundation," LaNeve added. "We saw customers respond to our 0 percent reduced rate APR and bonus cash offers last month, so we're doing what we can to keep sales rolling by extending most of those offers into March."

A total of 1,087 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 2,010 hybrid vehicles.

GM inventories dropped compared with a year ago. At the end of February, only about 781,000 vehicles were in stock, down about 160,000 vehicles (or 17 percent) compared with last year. There were about 337,000 cars and 444,000 trucks (including crossovers) in inventory at the end of February. Inventories were reduced about 20,000 vehicles compared with January.

Certified Used Vehicles

GM certified total sales for February 2009 were down, impacted by the uncertain economic environment. 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 33,014 vehicles.

GM Certified Used Vehicles, the industry's top-selling certified brand, posted February sales of 28,204 vehicles, down 25 percent from February 2008. However, several brands saw an increase in sales from February 2008. Saturn Certified Pre-Owned Vehicles sold 828 vehicles, up 17 percent. Cadillac Certified Pre-Owned Vehicles sold 3,303 vehicles, up 1 percent. Saab Certified Pre-Owned Vehicles sold 476 vehicles, up 4 percent, and HUMMER Certified Pre-Owned Vehicles sold 203 vehicles, up 31 percent.

"Despite slow sales in February, the Certified Pre-Owned Program continues to be a bright spot for GM, our dealers and the automotive industry as a whole," said LaNeve. "In particular, we are proud of the strong performance of our luxury CPO brands that continue to show good growth year-over-year. We are providing a tremendous value for customers and dealers in very challenging times for the industry and economy."

GM North America Reports February 2009 Production; Q1 2009 Production Forecast remains at 380,000 Vehicles; Initial Q2 2009 Production Forecast at 550,000 Vehicles

In February, GM North America produced 135,000 vehicles (37,000 cars and 98,000 trucks). This is down 215,000 vehicles or 61 percent compared with February 2008 when the region produced 350,000 vehicles (129,000 cars and 221,000 trucks). (Production totals include joint venture production of 7,000 vehicles in February 2009 and 22,000 vehicles in February 2008.)

The region's 2009 first-quarter production forecast remains unchanged from last month's projection of 380,000 vehicles (118,000 cars and 262,000 trucks), which is down about 57 percent compared with a year ago. GM North America built 885,000 vehicles (360,000 cars and 525,000 trucks) in the first-quarter of 2008.

The region's 2009 second-quarter production forecast is initially set at 550,000 vehicles (195,000 cars and 355,000 trucks), which is down about 34 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.

General Motors Corp. (NYSE: GM), 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 244,500 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 comply with the requirements of our credit agreement with the U.S. Department of Treasury; the availability of funding for future loans under that credit agreement; our ability to execute the restructuring plans that we have disclosed, our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; and changes in general economic conditions, market acceptance of our products; shortages of and price increases for fuel; significant changes in the competitive environment and the effect of competition on our markets, including on our pricing policies. 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.

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Pontiac's sales have decreased less than any other brand including Chevy and Buick, even more so when comparing car sales only. Also, G8 sold 2700, up over 1000 compared to last month, even when other brands cars are falling compared to last months sales. Why is Pontiac the one to go again?

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GM can try to spin it, but down 53% overall and 43% down in retail is really bad. The Lucerne was down 73% and DTS down 68%, yet they want to make a front drive big Cadillac? No one wants big huge front drive luxury cars. Hummer is embarrassing; they need to go away. I think that is the G8's best month ever, big discounts or fleet sales? I don't like the G8 because it is a Holden clone, but a zeta Chevy sedan designed specifically for the American market could do well, especially when Chrysler folds and they can pick up Charger/300 sales.

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Taking a page from Toyota's PR approach, this month's release will be retitled as 'best evah decline in sales!' :smilewide:

Edited by ZL-1
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So... Apparently the G8 line outsold ALL of Scion this month.

Anyone still believe that Pontiac isn't important?

And, BTW, the G8 also outsold the Aura.

But no surprise, since the G8 has faired better than most other GM cars through this downturn.

(I'm just sayin' Shows what a little bit of marketing can do)

Edited by FUTURE_OF_GM
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I don't like the G8 because it is a Holden clone, but a zeta Chevy sedan designed specifically for the American market could do well, especially when Chrysler folds and they can pick up Charger/300 sales.

I'd understand if the G8 were a rebadge of another vehicle on our shores, but why does it bug you that the G8 is a Holden?

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I'd understand if the G8 were a rebadge of another vehicle on our shores, but why does it bug you that the G8 is a Holden?

Because he likes world class RWD cars, unless they were sourced from Holden, because that somehow makes them second rate. Kind of like how Jaguar is seen compared to BMW/Mercedes buyers.

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Wow... a lot of slight of hand in that release, especially around the fleet #s.

"driven by a 75 percent reduction in fleet sales"

"and slightly more fleet orders were able to be filled"

The plan GM recently put out indicated that fleet sales went from (IIRC) ~24% to ~33%. They didn't break out cars/trucks as they do in their yearly report, but I'd be surprised if that didn't have a large car component.

Think about that, GM probably only sold ~85,000 retail vehicles in Feb.

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Pontiac had a great month seriously considering they were down only 40%! The G8 had great sales but also nice rebates still impressive. Honestly I feared worse so along with everyone elses big slide including Toyota I say good job.

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saturn and pontiac both outsell buick. why is the buick brand being given the chops? this goes to show you why GM needs a housecleaning.

g8 sold well. i like that it did, but rwd champions need to also get that you compare rwd GM sedan sales to FWD GM sedan sales and what is the percent. again that is why they make so many fwd cars.

reagarding scion. lets see how much more their ass gets spanked when the Kia Soul starts outselling scion division singlehandedly and by a margin of 4 to 1. even with the ugly ass nissan cube trying to spoil the party.

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So... Apparently the G8 line outsold ALL of Scion this month.

Anyone still believe that Pontiac isn't important?

And, BTW, the G8 also outsold the Aura.

But no surprise, since the G8 has faired better than most other GM cars through this downturn.

(I'm just sayin' Shows what a little bit of marketing can do)

the malibu is eating the auras lunch now. not fair why it is. but it is. the epsilons overall plus impala cream the g8.

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Pontiac's sales have decreased less than any other brand including Chevy and Buick, even more so when comparing car sales only. Also, G8 sold 2700, up over 1000 compared to last month, even when other brands cars are falling compared to last months sales. Why is Pontiac the one to go again?

Not enough money to make them all go 'round.

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Not enough money to make them all go 'round.

So then there will be more money to go around once Pontiac is killed? I think less.

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So then there will be more money to go around once Pontiac is killed? I think less.

Yup, exactly no Pontiac equals less sales, less profit, and lots of pissed of loyal GM owners of Pontiac and other GM vehicles.

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I'd understand if the G8 were a rebadge of another vehicle on our shores, but why does it bug you that the G8 is a Holden?

Cheap plastic interior, like the GTO (or Astra or Catera) it doesn't quite have the design or features to really fit the American market. Such as no Nav system.

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So... Apparently the G8 line outsold ALL of Scion this month.

And, BTW, the G8 also outsold the Aura.

Just needed to be said again and bolded.

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Because he likes world class RWD cars, unless they were sourced from Holden, because that somehow makes them second rate. Kind of like how Jaguar is seen compared to BMW/Mercedes buyers.

You mean like that XF which is on an updated version of the old S-type DEW98 platform which was based on the Lincoln LS and now underpins the Mustang yet after all that somehow ends up looking like an MKS Vanden Plas? That Jaguar?

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You mean like that XF which is on an updated version of the old S-type DEW98 platform which was based on the Lincoln LS and now underpins the Mustang yet after all that somehow ends up looking like an MKS Vanden Plas? That Jaguar?

But that Jaguar was on the Car and Driver 10 best list, Automobile All Star list, and won comparison tests by Edmunds.com and Motor Trend. It is an award winning machine, and that was with the old 4.2 liter engine, with the new 5.0 is is going to be even stronger. Jaguar sales were up in 2009 while everyone else went down, so the car is doing it's job.

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So... Apparently the G8 line outsold ALL of Scion this month.

not quite there

Edited by toyoguy
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Yup, exactly no Pontiac equals less sales, less profit, and lots of pissed of loyal GM owners of Pontiac and other GM vehicles.

as long as the lefties, greenies, CR bangers, college professors, journalists, uptight rich whiteys, self obsorbed youngsters and trendies, and otherwise confused 'can't make up their mind themselves so someone has to tell them what to buy' set are happy, that means GM must cut their second biggest selling car brand.

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not quite there

doesn't hide the fact that scion is being ridiculed and generally ignored, now, like 5 years after it was spawned. Toyota needs to kill brands and get rid of underperforming and inefficient marketing channels.

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So then there will be more money to go around once Pontiac is killed? I think less.

Exactly how much money do you think they're making/losing with each sale?

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Cheap plastic interior, like the GTO (or Astra or Catera) it doesn't quite have the design or features to really fit the American market. Such as no Nav system.

Interesting the the Nav system is such a complaint. I guess the Australians actually know where they're going.

Just buy a TomTom... Pontiac very considerately put a little shelf there for you to put it in. I personally would rather put some aftermarket gauges there... to monitor the MP1900 underhood upgrade. ;-)

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Exactly how much money do you think they're making/losing with each sale?

Well if GM has high fixed costs, cutting Pontiac won't make them go away will it? Nope, just less cars to spread those costs over.

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