GM Leads Industry on Strength of Chevrolet and GMC

              GM Leads Industry on Strength of Chevrolet and GMC

Total, Retail, Commercial and Government sales rise on strong truck and
crossover demand

Best September U.S. retail performance since 2007

PR Newswire

DETROIT, Oct. 3, 2017

DETROIT, Oct. 3, 2017 /PRNewswire/ -- General Motors (NYSE: GM) today reported
a 12 percent year-over-year increase in total sales in September to 279,397
units, driven by a 17 percent increase at Chevrolet and an 9 percent increase
at GMC.

  o Crossover deliveries were up 43 percent, trucks were up 10 percent and
    passenger cars were down 11 percent.
  o Retail deliveries, which accounted for about 80 percent of sales, were up
    8 percent for GM's best September retail performance since 2007. GM's U.S.
    retail share is estimated to be up 0.6 percentage points.
  o Commercial and Government deliveries were up 25 percent and 38 percent,
    respectively. GM has gained U.S. Commercial market share for 14
    consecutive months.

"Our new crossovers from Chevrolet, Buick, GMC and Cadillac have been very
well-received and Chevrolet had an outstanding month with the Silverado and
Colorado," said Kurt McNeil, U.S. vice president of Sales Operations. "We are
entering the fourth quarter with strong momentum, great products and a healthy

GM Chief Economist Mustafa Mohatarem said all the key U.S. economic indicators
point toward continued economic growth and stability. In addition, regions
devastated by the recent hurricanes will continue to recover, helping spur new
and used vehicle sales.

"The overall strength of the U.S. economy is the main force driving the
market," he said. "With the U.S. economy strengthening, retail sales should
remain strong for the foreseeable future."

September Retail Highlights (vs. September 2016 unless noted)     


  o Best September since 2004.
  o Silverado was up 14 percent.
  o Equinox and Traverse, Chevrolet's newest crossovers, were up 69 percent
    and 104 percent, respectively, the best September ever for Equinox and the
    best month ever for Traverse.
  o Bolt EV had its best month ever with 2,505 retail deliveries and 2,632
    total deliveries.
  o Best month ever for Chevrolet electrified vehicles (Bolt EV and Volt),
    with 3,929 retail deliveries.
  o Trax was up 8 percent for its best September ever.
  o Impala was up 7 percent.


  o Enclave, Encore and Envision were up 41 percent, 12 percent and 44
    percent, respectively.
  o Encore had its best month ever.
  o Highest ever SUV/crossover mix at 87 percent.
  o LaCrosse ATP up 10 percent year to date.
  o Buick maintained its retail focus with more than a 50 percent reduction in
    fleet deliveries year to date.


  o Terrain was up 66 percent for its best September ever.
  o Overall Denali penetration was 33 percent, the highest monthly rate ever.
  o Denali penetration on Sierra reached 38 percent in September.
  o Year-to-date ATP is highest in GMC history at $43,210.
  o Sierra had the highest ATP in its segment for 12^th straight month.


  o XT5 was up 36 percent.
  o Combined XT5 and SRX deliveries were up 12 percent year to date.
  o Year-to-date ATP was up $260 to $53,748, higher than many German luxury

Supplemental Data

  o U.S. inventory levels are down about 160,000 vehicles in the third
  o The company's inventory target is unchanged, which is to end the year with
    stocks at or below last year's level of about 850,000 vehicles, with fewer
    cars and more trucks, crossovers and utilities in the mix.
  o According to JD Power PIN estimates, GM's September incentive spending as
    a percent of ATP was 14.6 percent, which reflects special programs that
    support disaster relief. Year to date, GM's incentive spend is below its
    domestic and many Asian competitors.
  o Year to date, GM has the lowest daily rental mix of any full-line
    automaker at 8.7 percent of total sales. GM remains committed to decrease
    daily rental sales by 50,000 units in 2017.

General Motors Co. (NYSE:GM, TSX: GMM) has leadership positions in the world's
largest and fastest-growing automotive markets. GM, its subsidiaries and joint
venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick,
GMC, Holden, Jiefang, and Wuling brands. More information on the company and
its subsidiaries, including OnStar, a global leader in vehicle safety,
security and information services, can be found at 

Forward-Looking Statements
This press release and related comments by management may include
forward-looking statements.  These statements are based on current
expectations about possible future events and thus are inherently uncertain.
Our actual results may differ materially from forward-looking statements due
to a variety of factors, including: (1) our ability to deliver new products,
services and experiences that attract new, and are desired by existing,
customers and to effectively compete in autonomous, ride-sharing and
transportation as a service; (2) sales of full-size pick-up trucks and SUVs,
which may be affected by increases in the price of oil; (3) the volatility of
global sales and operations; (4) aggressive competition, including the impact
of new market entrants; (5) changes in, or the introduction of novel
interpretations of, laws, regulations or policies particularly those relating
to free trade agreements, tax rates and vehicle safety and any government
actions that may affect the production, licensing, distribution, pricing, or
selling of our products; (6) our joint ventures, which we cannot operate
solely for our benefit and over which we may have limited control; (7)
compliance with laws and regulations applicable to our industry, including
those regarding fuel economy and emissions; (8) costs and risks associated
with litigation and government investigations; (9) compliance with the terms
of the Deferred Prosecution Agreement; (10) our ability to maintain quality
control over our vehicles and avoid recalls and the cost and effect on our
reputation and products; (11) the ability of suppliers to deliver parts,
systems and components without disruption and on schedule; (12) our dependence
on our manufacturing facilities; (13) our ability to realize production
efficiencies and cost reductions; (14) our ability to successfully restructure
operations in various countries; (15) our ability to manage risks related to
security breaches and other disruptions to vehicles, information technology
networks and systems; (16) our ability to develop captive financing capability
through GM Financial; (17) significant increases in pension expense or
projected pension contributions; (18) significant changes in the economic,
political, and regulatory environment, market conditions, and foreign currency
exchange rates; and (19) uncertainties associated with the consummation of the
sale of GM Financial's European financing subsidiaries and branches to the
Groupe PSA, including satisfaction of the closing conditions.  A further list
and description of these risks, uncertainties and other factors can be found
in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016,
and our subsequent filings with the Securities and Exchange Commission. GM
cautions readers not to place undue reliance on forward-looking statements. GM
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements.


View original

SOURCE General Motors

Contact: Dan Flores, GM Corporate News Relations, 313-418-2374,
Press spacebar to pause and continue. Press esc to stop.