GM October Sales

GM's U.S. Divisions Deliver 301,317 Vehicles in October -- GM Retail Sales Up 36 Percent Compared With Last Year -- Chevrolet Avalanche, Silverado and GMC Sierra Pickup Trucks on a Roll - Retail Sales More Than Doubled -- For the Second Consecutive Year, GM Offers More Vehicle Models Achieving 30 MPG Highway Than Any Other Automaker DETROIT, Nov. 2 -- General Motors dealers in the United States sold 301,317 new cars and trucks in October, a 22 percent increase compared with last year. Retail sales were up 36 percent on a sales-day adjusted basis. Retail truck sales were up 52 percent, led by a doubling of full-size pickup retail sales such as Chevy Silverado and GMC Sierra and a 46 percent increase in luxury utility retail sales, including the entire Cadillac Escalade lineup. Retail car sales were up 9 percent, led by Chevrolet Impala, Pontiac G6 and Saturn Aura. "GM's industry-leading truck business was boosted in October by lower fuel prices -- that's one reason our trucks, SUVs and crossovers are gaining share. Of course, offering customers great fuel economy coupled with having the industry's most comprehensive coverage, including the 5-year/100,000 mile powertrain warranty, helps too," said Mark LaNeve, General Motors North America vice president, Vehicle Sales, Service and Marketing. "Consumers are responding to our lineup of new vehicles, including Saturn Aura, Chevrolet Silverado and GMC Sierra, and we'll have even more new products arriving soon, including our mid-crossovers -- Saturn Outlook, GMC Acadia and Buick Enclave." GMC, Chevrolet, Buick, Cadillac, Saturn, Pontiac and Saab all had retail sales increases in October. GMC was up 75 percent retail, with sales more than doubling for the Sierra, Yukon and Yukon XL. The all-new 2007 Sierra pickups arrived at dealerships in October. Chevrolet retail sales were up 39 percent, with double-digit retail jumps by Silverado, up 107 percent; Tahoe, up 104 percent; and Suburban, up 83 percent. The all-new 2007 Silverado pickups also arrived at dealerships in October. Buick retail sales were up 28 percent, led by Lucerne. Cadillac retail sales were up 30 percent, with a 14 percent increase in CTS, a 28 percent increase in SRX and triple-digit increases for the entire Escalade lineup. Saturn retail sales were up 16 percent as the all-new 2007 Aura and Sky continue to bring new customers into the Saturn family. Pontiac retail sales were up 1 percent due to sales increases for the new G5, G6, and Solstice. Lastly, Saab retail sales were up 83 percent, driven by a 54 percent retail increase for 9-3, an 80 percent hike for 9-5 and a 338 percent increase for 9-7X. "We continue to experience strong customer demand for our lineup of fuel efficient vehicles and new launch products," LaNeve said. "In October we were very pleased to learn that for the second year in a row, according to the U.S. EPA, GM offers more vehicle models (23 total) that achieve an estimated 30 mpg on the highway, or higher, than any other automaker." GM continues to reduce its reliance on daily rental sales. Sales to daily rental companies were down 14 percent compared to year-ago levels, while non- daily rental fleet business was up 6 percent. Overall fleet sales of 75,000 vehicles were down 8 percent compared with last October. Certified Used Vehicles October 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 42,839 units, comparable to last October's sales. Total year- to-date certified GM sales for all brands are 436,383 units, down 2 percent from the same period last year. GM Certified Used Vehicles, the industry's top-selling certified pre-owned brand, posted 37,222 sales in October, down 1 percent from October 2005. Year-to-date sales for GM Certified Used Vehicles are 377,203 units, comparable to last year's results for the same period. Cadillac Certified Pre-Owned Vehicles posted 3,652 sales in October, up 30 percent from last October. Saturn Certified Pre-Owned Vehicles sold 1,289 units, down 32 percent. Saab Certified Pre-Owned Vehicles sold 594 units, down nearly 2 percent. In its tenth month of operation, HUMMER Certified Pre-Owned sold 82 units. "Cadillac Certified Pre-Owned Vehicles had an outstanding sales month, up nearly 30 percent over October 2005, with year-to-date sales up nearly 8 percent from the same period last year," said LaNeve. "Through October, GM Certified Used Vehicles, the industry's top-selling certified brand, sold 377,203 units, comparable to its category record annual sales in 2005." GM North America Reports October 2006 Production; 2006 Fourth Quarter Production Forecast Remains Unchanged at 1.110 Million Vehicles In October, GM North America produced 427,000 vehicles (174,000 cars and 253,000 trucks). This is down 62,000 units or 13 percent compared to October 2005 when the region produced 489,000 vehicles (174,000 cars and 315,000 trucks). Production totals include joint venture production of 19,000 vehicles in October 2006 and 29,000 vehicles in October 2005. The region's 2006 fourth quarter production forecast is unchanged at 1.110 million vehicles (450,000 cars and 660,000 trucks). In the fourth quarter of 2005 the region produced 1.281 million vehicles (483,000 cars and 798,000 trucks). GM also announced 2006 final third quarter and revised fourth quarter production forecasts for its international regions. GM Europe -- GM Europe built 374,000 vehicles in the third quarter of 2006. In the third quarter of 2005, the region built 412,000 vehicles. The region's 2006 fourth quarter production forecast is unchanged at 445,000 units. In the fourth quarter of 2005, the region built 443,000 vehicles. GM Asia Pacific -- GM Asia Pacific built 433,000 vehicles in the third quarter of 2006. In the third quarter of 2005 the region built 409,000 vehicles. The region's 2006 fourth quarter production forecast is revised at 504,000 units, up 8,000 units from last month's guidance. In the fourth quarter of 2005 the region built 420,000 vehicles. GM Latin America, Africa and the Middle East -- The region produced 215,000 vehicles in the third quarter of 2006. In the third quarter of 2005, the region built 207,000 vehicles. The region's 2006 fourth quarter production forecast is unchanged at 215,000 units. In the fourth quarter of 2005, the region built 188,000 vehicles. General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 75 years. Founded in 1908, GM today employs about 327,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2005, 9.17 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 operates one of the world's leading finance companies, GMAC Financial Services, which offers automotive, residential and commercial financing and insurance. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at http://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, 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. This report is governed by the Forward Looking Statements language found in the Terms and Conditions on the GM Institutional Investor website. SOURCE General Motors Corporation -0- 11/02/2006 P NOTE TO EDITORS: GM sales and production charts will be available at http://media.gm.com . CONTACT: John McDonald (Sales) of GM Sales & Marketing Communications, +1-313-667-3714, mobile: +1-313-418-2139, john.m.mcdonald@gm.com ; or Pam Reese (Production) of GM Manufacturing & Labor Communications, +1-248-753-2272, mobile: +1-586-246-8683, pam.reese@gm.com Web site: http://media.gm.com http://www.gm.com (GM)
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