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GM Reports 909,094 Deliveries in Q1, 349,867 Deliveries in March 2007


April 2007
 Filed under: GENERAL MOTORS CORPORATE Car News | GENERAL MOTORS CORPORATE Headlines
DETROIT, 2007-04-03 - GM dealers in the United States delivered 349,867 vehicles in March, a reduction of 7.7 percent on a sales day-adjusted basis (down 4.2 percent non-adjusted), compared with 365,375 total sales a year ago. Fleet sales were down 11.8 percent due to continuing reductions in daily rental sales. GM's March retail sales were down 6.2 percent compared with year-ago levels on a sales day-adjusted basis (down 2.8 percent non-adjusted).

For the first quarter of 2007, GM delivered 909,094 vehicles, a decline of 5.6 percent, driven by reductions of almost 60,000 daily rental vehicle sales. For the first quarter of 2007, GM retail sales were up 0.5 percent. The reductions in fleet sales have resulted in a significant improvement in the retail/fleet mix.

"As we continue to build upon our strategy of focusing on value, lowering daily rental sales and increasing residual values, we were able to grow retail sales for the quarter, posting year-over-year increases in 19 vehicle lines. That's very good news. In March, we saw continued strength and stability in our retail business led by gains in mid-cars, crossovers, economy cars and luxury SUVs," said Mark LaNeve, vice president, GM North American Sales, Service and Marketing. "The Chevrolet Silverado, GMC Sierra, GMC Acadia and Saturn Outlook are exceeding our expectations and confirm that when you offer the best product, value, segment-leading fuel economy and the best warranty coverage in the industry, customers respond."
GM March sales reflected the continuing strength of the new product portfolio with competitive incentive spending, balanced with ongoing reductions in daily rental fleet sales.

Chevrolet Aveo, Chevrolet Impala, Chevrolet Equinox, Chevrolet HHR, Chevrolet Suburban and Chevrolet Avalanche; Pontiac G6; Saturn Sky; GMC Yukon XL; Cadillac SRX, Cadillac Escalade ESV and Cadillac Escalade EXT all had March retail sales increases compared to a year ago. Pontiac G5; Saturn Aura and Saturn Outlook and the GMC Acadia are newly-offered products and continue to contribute retail sales momentum. The GMC Acadia and Saturn Outlook drove a 235 percent retail increase in the mid-crossover segment.

For the first quarter, Chevrolet Chevrolet Aveo, Chevrolet Impala, Chevrolet Colorado, Chevrolet Silverado, Chevrolet Suburban and Chevrolet Avalanche; Buick Rendezvous; Pontiac G6 and Pontiac Vibe; Saturn Sky; GMC Canyon, GMC Sierra and GMC Yukon XL; Cadillac SRX, Cadillac Escalade, Cadillac Escalade ESV and Cadillac Escalade EXT; Saab 9-5 and Saab 9-7X all had retail sales increases compared with the first quarter of 2006. Pontiac G5, Saturn Aura and Saturn Outlook and GMC Acadia built retail strength in the quarter.

"GM offers the best coverage with a 5 year/100,000 mile powertrain limited warranty with roadside assistance and courtesy transportation. For customers, that translates to tangible value versus competitive cars, SUVs and trucks," LaNeve added. "Our customers are telling us that we have great products, industry-leading fuel economy and the best value out there. And with new products such as the Buick Enclave, Cadillac CTS and Chevrolet Malibu still to come this year, we expect to build on this momentum."

Certified Used Vehicles

March 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, established a new monthly sales record for the certified category with sales of 53,734 units, up 9.7 percent from last March. Total year-to-date certified GM sales are 139,851 units, up 8 percent from the same period last year.

Leading the way was GM Certified Used Vehicles, the industry's top-selling manufacturer-certified used brand, which set a new industry monthly sales record for the certified pre-owned category with sales of 47,394 units. GM Certified sales were up 11 percent from the previous March. Year-to-date sales for GM Certified Used Vehicles are 122,784 units, up nearly 9 percent.

Cadillac Certified Pre-Owned Vehicles posted sales of 3,847 units, comparable to last March. Saturn Certified Pre-Owned Vehicles sold 1,615 units in March, down 7 percent. Saab Certified Pre-Owned Vehicles sold 761 units, comparable to last March, and HUMMER Certified Pre-Owned Vehicles sold 117 units, up 41 percent.

"March was a record month for GM certified sales," LaNeve said. "GM Certified Used Vehicles, which sold 47,394 units, set a new industry monthly sales record for a certified brand. This puts an exclamation mark on an outstanding first quarter by GM Certified Used Vehicles. With the 5 year/100,000 mile warranty on qualifying Certified Used Vehicles, we're optimistic this momentum will continue throughout the year."

GM North America Reports March and First-Quarter 2007 Production, 2007 Second-Quarter Production Forecast is Revised at 1.160 Million Vehicles

In March, GM North America produced 401,000 vehicles (134,000 cars and 267,000 trucks). This is down 59,000 units or 13 percent compared to March 2006 when the region produced 460,000 vehicles (182,000 cars and 278,000 trucks).

(Production totals include joint venture production of 15,000 vehicles in March 2007 and 16,000 vehicles in March 2006.)

GM North America built 1.063 million vehicles (399,000 cars and 664,000 trucks) in the first-quarter of 2007. This is down 192,000 vehicles or 15 percent compared to first-quarter of 2006 when the region produced 1.255 million vehicles (496,000 cars and 759,000 trucks). Additionally, the region's 2007 second-quarter production forecast is revised at 1.160 million vehicles (410,000 cars and 750,000 trucks), down 15,000 units or 1.3 percent from last month's guidance.

GM also announced revised 2007 first-quarter and second-quarter production forecasts for its international regions.

GM Europe - GM Europe's 2007 first-quarter production forecast is revised at 511,000 units, up 3,000 units from last month's guidance. In the first-quarter of 2006 the region built 494,000 vehicles. The region's 2007 second-quarter production forecast is revised at 473,000 vehicles, up 6,000 units from last month's guidance. In the second-quarter of 2006 the region built 495,000 vehicles.

GM Asia Pacific - The region's 2007 first-quarter production forecast is revised at 539,000 vehicles, up 1,000 units from last month's guidance. In the first-quarter of 2006 the region built 472,000 vehicles. GM Asia Pacific's 2007 second-quarter production forecast is revised at 568,000 vehicles, up 8,000 units from last month's guidance. In the second-quarter of 2006 the region built 482,000 vehicles.

GM Latin America, Africa and the Middle East - The region's 2007 first-quarter production forecast is revised at 222,000 units, down 3,000 units from last month's guidance. In the first-quarter of 2006 the region built 194,000 vehicles. The region's 2007 second-quarter production forecast is unchanged at 233,000 vehicles. In the second-quarter of 2006 the region built 206,000 vehicles.

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, 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: 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.

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Source: GM

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