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Sales: General Motors: Market share, retail, overall sales up
Date: Nov 1, 2007
Sales: General Motors
GM Reports 310,008 October Deliveries, Posting Third Consecutive
Year-Over-Year Monthly Increase
(Monthly comparison percentages are adjusted for sales days
Annual and calendar year-to-date comparisons are unadjusted.)
DETROIT - GM dealers in the United States delivered 310,008 vehicles
in October, 8,700 more vehicles when compared with year-ago
performance, outpacing an industry expected to show a volume decline
of about 4 percent.
- Chevrolet, GMC and Cadillac Increased Sales Year-Over-Year
- Full-Size Utilities and All-New Crossovers Post Significant
- 2008 Malibu Orders Outpace Available Supply
- All-New CTS Drives 20 Percent Cadillac Sales Increase
For the third consecutive month, on an unadjusted basis, total sales
increased, with October up 3 percent. When adjusted for
selling days, sales declined 1 percent. It is anticipated that GM
will see its fourth consecutive month with market share above 24 percent.
Since August, market share is up more than 1 point, to 25.1 percent,
compared with the same three month period last year.
The month's 229,294 retail deliveries demonstrated solid
performance despite continuing industry softness. GM retail sales were
led by brisk retail sales of full-size utilities, mid-utility
crossovers, the Cadillac CTS, and the Chevrolet Aveo, Cobalt and HHR.
showed yet another
retail sales increase, up 7 percent.
"Our strong market share performance and our ability to outpace industry
trends on volume demonstrates the consumer acceptance of our new
products," said Mark LaNeve, GM North America vice president, Vehicle
Sales, Service and Marketing. "Over the past two years, our new products
including the Chevrolet Silverado, GMC Sierra, Cadillac CTS, full-size
utilities, and mid-crossovers have all gained retail share following
launch. Our committed dealer team has really stepped up to the plate,
pushing all of GM's brands above the industry average in the recently
released J.D. Power Customer Satisfaction Index."
Cadillac CTS total sales surged 75 percent, compared with
year-ago performance, due to the strength of the all-new CTS, now in
showrooms. GMC Acadia, Saturn
OUTLOOK and Buick Enclave together had total sales of more than
12,800 vehicles, pushing a more than 320-percent increase in GM's
mid-crossover segment. Additionally, Cadillac's SRX luxury
crossover saw a total sales increase of 37 percent. Total sales of
the fuel-efficient Chevrolet Cobalt and Pontiac G5 were up 81 percent,
Chevrolet Aveo was up 58 percent and HHR was up 70 percent compared
with last October.
Vehicles with retail sales increases, compared with year-ago
levels, include: Chevrolet Aveo, Cobalt, Tahoe, Suburban, and HHR;
Saturn ION; GMC Yukon and
Yukon XL; Cadillac CTS and SRX; Pontiac G5, Grand Prix and Vibe.
"Cadillac CTS and Buick Enclave have two of the fastest turn rates in
the industry," LaNeve added. "And while it is still very early,
Malibu demand and customer feedback has been sensational. It's
products like these that have enabled us to buck recent industry
Quality, reliability and durability (QRD) remain key factors when
purchasing a new vehicle. An increasing number of consumers cite GM's
willingness to stand behind its quality as a reason to buy a new GM
vehicle. GM's 5 Year/100,000 Mile Powertrain Limited Warranty continues
to be a better choice for customers.
GM's coverage focuses on the complete ownership experience and includes
other provisions that competitors do not offer, including
transferability to the next owner, more complete coverage of parts, and
coverage for new and certified used vehicles. In addition, GM offers
superior complementary programs, such as courtesy transportation and
roadside assistance. "GM provides the best coverage in the industry.
We take care of the vehicle and the owner like no other manufacturer,"
Certified Used Vehicles Sales
October 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, were 39,919 vehicles, down nearly 7 percent from
last October. Total year-to-date certified GM sales are 442,110
vehicles, up 1 percent from the same period last year.
GM Certified Used Vehicles, the industry's top-selling
manufacturer-certified used brand, posted 34,843 sales, down 6 percent
from last October. Year-to-date sales for GM Certified Used Vehicles are
388,442 vehicles, up 3 percent from the same period in 2006.
Cadillac Certified Pre-Owned Vehicles posted October sales of 3,255
vehicles, down 11 percent from last October.
Saturn Certified Pre-Owned
Vehicles sold 1,173 vehicles in October, down 9 percent. Saab
Certified Pre-Owned Vehicles sold 518 vehicles, down 13 percent, and
HUMMER Certified Pre-Owned Vehicles sold 130 vehicles, up 59 percent.
"While sales of GM Certified Used Vehicles were lower this October,
year-to-date sales are up 3 percent and we expect to continue to surpass
last year's category-leading annual sales," said LaNeve.
"Our customers enjoy a broad selection of fully inspected and
reconditioned late-model used vehicles with the peace-of-mind assurances
of one of the industry's best warranty programs," LaNeve added.
Cadillac CTS: +74.5% (6586|3629)
Chevy Aveo: +57.8% (6373|3883)
Chevy Cobalt: +80.9% (16505|8772)