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GM Europe First Quarter 2007 Sales Reach All-time Record


April 2007
 Filed under: GENERAL MOTORS CORPORATE Car News | GENERAL MOTORS CORPORATE Headlines
Zurich, 2007-04-10 -- In the first quarter of 2007, General Motors (GM) Europe sales reached an all-time record of 553,621 units*, an increase of 30,354 compared to Q1 2006. The company market share established a 10-year record, reaching 9.8 percent, up 0.4 point from the previous Q1.

“These strong results show our multi-brand strategy is beginning to make an impact, as is an aggressive strategy for growth in Eastern and Central Europe. Importantly, we are achieving our sales momentum while improving the profitability of our sales, raising contribution margins and generating higher residual values for our customers”, said Jonathan Browning, GM Europe Vice President for Sales, Marketing and Aftersales.

“Last year was the first time in history we sold over two million vehicles”, Browning said. “At the same time, we improved the quality of our sales and increased margins and revenue. Clearly, we must continue to work on the revenue side and further leverage our multi-brand strategy for growth and profit.”
Opel/Vauxhall reaches best Q1 result since 2001

Accounting for 78 percent of GM’s European sales, Opel/Vauxhall sold 428,787 vehicles in the first quarter of 2007, the best sales volume since 2001. Market share was stable at 7.6 percent. Strong results in Russia and the U.K. offset significant weakening in the German market.

New models, like the recently launched New Opel Corsa and the Opel Astra, are now among the best sellers in the European market. The Opel Corsa sales increased 57 percent compared to Q1 2006. Meriva was the leading model in the small monocab segment and Zafira/Meriva leaded the total monocab segment.

Chevrolet reaches all-time records for sales volume and market share

Chevrolet maintained its sales momentum in Europe, reaching an all-time record in the first quarter, beating last year’s first quarter record by 25,076 units, and bringing total sales for the quarter up to 100,526 units. Market share also grew 0.4 point, to 1.8 percent, another all-time record for the brand.

“The success of the new Chevrolet Captiva and the additional diesel versions of the Chevrolet Epica, Chevrolet Lacetti and Chevrolet Nubira are now driving even more customers to Chevrolet”, said Browning.

On the premium brand side, Saab sold 22,169 units in Europe, with a market share of 0.4 percent, while Cadillac, Hummer and Corvette sold 1,699 units, 7 percent more than in Q1 2006.

GM Russia sales are up 128 percent

GM brands in Russia continued their fast growth rate with sales increasing 128 percent, up to 46,546 units, in the first quarter of 2007, significantly outpacing the 26 percent market growth. Market share grew 4.3 points to 9.5 percent, showing the success of GM’s aggressive Eastern Europe strategy.

Opel and Chevrolet both performed well in Russia and in the Central and Eastern European markets. Opel sales in Russia were up to 9,380 units, 6,643 more compared to Q1 2006, with market share growing from 0.7 to 1.9 percent.

Chevrolet Q1 sales in Russia more than doubled compared to Q1 2006. The brand’s share in Russia grew from 4.5 percent to 7.5 percent, with sales of 36,735 vehicles, accounting for 37 percent of Chevrolet sales in Europe.

“As we continue to grow sales and profit in Russia we are building on a growing and highly professional dealer body”, Browning said.

GME publishes its sales press releases on a quarterly basis. The next dates will be July 9, October 8 and January 7. In between these releases, individual questions regarding sales may be directed to Nelson Silveira, Manager, GME Corporate Communications.

About GM

General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 284,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, motorists bought nearly 9.1 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. In Europe, GM sells its Opel, Vauxhall, Saab, Chevrolet, Cadillac, Corvette and Hummer ranges in over 30 markets. It operates 10 production and assembly facilities in seven countries and employs around 60,500 people.

More information on GM can be found at http://www.gmeurope.com

Source: General Motors

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