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General Motors Sales Drop 23 Percent; GM Reports 257,623 Deliveries in October


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

GM Reports 257,623 Deliveries in October

DETROIT - General Motors dealers in the United States sold 257,623 new cars and trucks in October, down 23 percent from the same month a year ago. Car sales declined 12 percent and truck sales were off 30 percent.
"Although a slowdown after the record sales of the last several months was expected, October was a difficult month for us and the industry," said Mark LaNeve, GM North America vice president, Vehicle Sales, Service and Marketing. "On a positive note, we continue to see solid sales results for our launch vehicles, indicating that consumers recognize the overall value our products represent. We have committed to consumers that they will receive segment-leading value in every vehicle we manufacture, including industry-leading fuel economy, quality and vehicle features and benefits."

GM's new vehicles continue to post solid sales results. Small sport utility vehicle deliveries in October rose 29 percent with the addition of the Chevrolet HHR and Pontiac Torrent to the category. Torrent sales have improved each month since its August launch, with October sales 15 percent higher than September, despite constrained inventories. HHR continues to bring new customers into the GM family, with about half of HHR buyers trading in non-GM vehicles. A 17 percent sales increase for the new Saturn Vue also contributed to the positive sales results in the small utility category. Saturn sales in October were up 11 percent.

H3, the new mid-size HUMMER, continues to drive record sales for the division and broaden its appeal from a niche brand to a wider audience. About 70 percent of vehicles traded in by H3 buyers are non-GM models. HUMMER sales were up 129 percent compared to year-ago levels.

Pontiac G6 sales continue to build with October deliveries 135 percent greater than year-ago levels. Retail sales in October were up 111.5 percent.

The all-new 2006 Chevrolet Impala also is off to a fast sales start, with strong consumer demand for the Impala SS, with its small-block V8 engine, displacement-on-demand and 28 mpg fuel economy (highway). Impala retail sales in October were up 6 percent.

Cadillac DTS achieved its best sales since its launch, with 5,710 deliveries, a 50 percent improvement over September sales.

Certified Used Vehicles

October 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 43,090 units, down 9 percent from last year. Total year-to-date certified GM sales are 445,555 units, up 1 percent from the same period last year.

GM Certified Used Vehicles, the industry's top-selling manufacturer-certified used brand, posted sales of 37,765 units, down 7 percent from the previous October. Year-to-date sales for GM Certified Used Vehicles are 379,534 units, up 3 percent from the same period in 2004.

Cadillac Certified Pre-Owned Vehicles posted October sales of 2,817 units, down 15 percent from last October. Cadillac Certified year-to-date sales are up 8.5 percent. Used Cars from Saturn in October sold 1,901 units, down 32 percent. Saab Certified Pre-Owned Vehicles sold 607 units, down nearly 14 percent.

"October was a challenging month, but GM Certified Used Vehicles continues to lead all manufacturers in the category," LaNeve said. "Calendar year-to-date sales are 3 percent ahead of last year's record performance. Looking ahead, we're confident that GM Certified will continue to set the pace for the certified segment for the remainder of the year."

GM North America Reports October 2005 Production; 2005 Fourth-Quarter Production Forecast Remains Unchanged

In October, GM North America produced 489,000 vehicles (174,000 cars and 315,000 trucks). This is up 36,000 units or 8 percent from October 2004, when the region produced 453,000 vehicles (159,000 cars and 294,000 trucks). Production totals include joint venture production of 29,000 vehicles in October 2005 and 23,000 vehicles in October 2004.

The region's 2005 fourth-quarter production forecast remains unchanged at 1.3 million vehicles (480,000 cars and 820,000 trucks). In the fourth quarter of 2004, the region produced 1.277 million vehicles (466,000 cars and 811,000 trucks).

GM also announced revised 2005 fourth-quarter production forecasts for its international regions:

GM Europe - GM Europe's revised 2005 fourth-quarter production forecast is 449,000 vehicles, down 9,000 units from last month's guidance. In the fourth quarter of 2004, GM Europe built 442,000 vehicles.

GM Asia Pacific - GM Asia Pacific's revised 2005 fourth-quarter production forecast is 446,000 vehicles, down 1,000 units from last month's guidance. In the fourth quarter of 2004, the region built 386,000 vehicles.

GM Latin America, Africa and the Middle East - The region's revised 2005 fourth-quarter production estimate is 190,000 vehicles, down 2,000 units from last month's guidance. In the fourth quarter of 2004, the region built 200,000 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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