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GM November Sales Drop 11 Percent Year-to-Year


December 2005
 Filed under: GENERAL MOTORS CORPORATE Car News | GENERAL MOTORS CORPORATE Headlines

Chevrolet Impala, Pontiac G6 and Buick LaCrosse Pace Strengthening Mid-Size Car Sales

2005-12-01 -- DETROIT - General Motors dealers in the United States sold 281,288 new cars and trucks in November, down 11 percent from the same month a year ago. Car sales were down 3 percent and truck sales were off 16 percent. Total sales were up 14 percent compared to October levels.
"November was stronger than October for GM and the industry, but certainly not a barn burner," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "We saw improvement throughout the month and look forward to finishing the year with continued sales momentum."

LaNeve went on to point out the positive impact of new products, like the Chevrolet Impala and HHR, Pontiac G6 and Buick LaCrosse. "In our business, the bottom line is great product," he added. "Our new vehicles are hitting home, which gives us confidence as we get ready to introduce 19 new products in 2006, many of them in key, high-volume segments."

The revitalized GM mid-size car lineup has been gaining sales momentum in recent months, with November deliveries up 9 percent. Sales of the most recent addition to the category, the Chevrolet Impala, were up 14 percent, posting a new November sales record. Dealer orders have been brisk, exceeding original expectations.

Pontiac G6 in November achieved its best-ever sales month, with more than 14,000 deliveries and a 56 percent improvement over October sales. Pontiac sales were up 11 percent in November.

For the 11th time in the last 12 months, the Buick LaCrosse outsold year-ago combined Century and Regal sales on a retail basis. Buick's all-new luxury sedan, Lucerne, is arriving in dealerships around the country and posted 2,724 deliveries in November.

Small sport utility vehicle sales in November were up 35 percent, led by the new Chevrolet HHR, Pontiac Torrent and Saturn Vue. Torrent sales have improved each month since its August launch, with November sales 26 percent greater than October. Despite constrained inventories, HHR had its second-best sales month since launch, with deliveries up 9 percent over October. An 18 percent sales increase for the new Saturn Vue also contributed to the solid sales results in the small utility category. Saturn sales in November were up 12 percent.

H3, the new mid-size HUMMER, continues to drive record sales for the division and positions HUMMER as the fastest-growing brand in the industry for the calendar year-to-date. HUMMER sales in November were up 114 percent and for the calendar year are up 90.5 percent.

Certified Used Vehicles

November sales for all certified GM brands, including GM Certified Used Vehicles, Cadillac Certified Pre-Owned Vehicles, Used Cars from Saturn and Saab Certified Pre-Owned Vehicles, were 42,455 units, down 8.5 percent. Total year-to-date certified GM sales are 488,007 units, comparable to the same period last year.

GM Certified Used Vehicles, the industry's top-selling manufacturer-certified used brand, posted sales of 37,114 units, down 7.5 percent. Year-to-date sales for GM Certified Used Vehicles are 416,648 units, up 2 percent from the same period in 2004.

Cadillac Certified Pre-Owned Vehicles posted November sales of 3,060 units, up nearly 1 percent. Cadillac Certified year-to-date sales are up 7 percent. Used Cars from Saturn sold 1,790 units, down 33 percent. Saab Certified Pre-Owned Vehicles sold 491 units, down nearly 15 percent.

"GM Certified Used Vehicles, the top-selling certified brand, continues to lead all manufacturers in the category," LaNeve said. "Year-to-date sales are up 2 percent putting us on track to break the industry sales record we established last year. Looking to December, we're confident that GM Certified will finish the year strong and continue to set the pace for the certified segment."

GM North America Reports November 2005 Production Results, 2005 Fourth-Quarter Production Forecast and 2006 First-Quarter Production Forecast

In November, GM North America produced 431,000 vehicles (169,000 cars and 262,000 trucks). Production totals include joint venture production of 30,000 vehicles in November 2005 and 22,000 vehicles in November 2004.

The region's 2005 fourth-quarter production forecast is revised at 1.28 million vehicles (483,000 cars and 797,000 trucks). In the fourth quarter of 2004, the region produced 1.277 million vehicles (466,000 cars and 811,000 trucks). Additionally, the region's initial 2006 first-quarter production forecast is set at 1.25 million vehicles (505,000 cars and 745,000 trucks), up 6 percent from the first quarter of 2005. In the first quarter of 2005, the region produced 1.183 million vehicles (470,000 cars and 713,000 trucks).

GM also announced revised 2005 fourth-quarter and initial 2006 first-quarter production forecasts for its international regions.

GM Europe - GM Europe's revised 2005 fourth-quarter production forecast is 443,000 vehicles, down 6,000 units from last month's guidance. In the fourth quarter of 2004, GM Europe built 442,000 vehicles. GM Europe's initial 2006 first-quarter production estimate is 525,000 vehicles. In the first quarter of 2005, the region built 502,000 vehicles.

GM Asia Pacific - GM Asia Pacific's revised 2005 fourth-quarter production forecast is 447,000 vehicles, up 1,000 units from last month's guidance. In the fourth quarter of 2004, the region built 386,000 vehicles. GM Asia Pacific's initial 2006 first-quarter production estimate is 437,000 vehicles. In the first quarter of 2005, the region built 335,000 vehicles.

GM Latin America, Africa and the Middle East - The region's 2005 fourth-quarter production estimate remains at 190,000 vehicles. In the fourth quarter of 2004, the region built 200,000 vehicles. The region's initial 2006 first-quarter production estimate is 197,000 vehicles. In the first quarter of 2005, the region built 185,000 vehicles.

General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader since 1931. Founded in 1908, GM today employs about 325,000 people around the world. It has manufacturing operations in 32 countries and its vehicles are sold in 200 countries. In 2004, GM sold nearly 9 million cars and trucks globally, up 4 percent and the second-highest total in the company's history. GM's global headquarters are at the GM Renaissance Center in Detroit. 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 by clicking on News, then Sales/Production. In this press release and related comments by General Motors management, our use of the words "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions is intended to identify forward looking statements. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, actual results may differ materially due to numerous important factors that are described in GM's most recent report on SEC Form 10-K (at page II-20) which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such factors include, among others, the following: changes in economic conditions, currency exchange rates or political stability; shortages of fuel, labor strikes or work stoppages; market acceptance of the corporation's new products; significant changes in the competitive environment; changes in laws, regulations and tax rates; and, the ability of the corporation to achieve reductions in cost and employment levels to realize production efficiencies and implement capital expenditures at levels and times planned by management.

Source: GM

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