General Motors: Dec. 2007 and Full Year Sales

[Mr.Krinkle]

GM Reports 323,453 December Deliveries; 3.87 Million Vehicles Sold in 2007

Dec. 2007 Sales Chart

December Retail Sales up 1.5 Percent; Retail Car Deliveries Up 15 Percent

Combined Retail Share For The Past Five Months Up Year-Over-Year

Chevrolet Malibu Retail Sales Up 99 Percent; Cadillac CTS Up 51 Percent In December

Enclave, OUTLOOK and Acadia Crossovers Exceed 14,000 Retail Sales In December; GM's Mid-Utility Crossover Segment Up 275 Percent

Dealer Inventories Down 147,000 Vehicles Year-Over-Year

DETROIT - GM dealers in the United States delivered 323,453 vehicles in December, down 5 percent compared with a year ago. With 257,469 retail vehicle deliveries, retail sales for the month were up 1.5 percent.

GM delivered 3.87 million vehicles in 2007, down 6 percent compared with 2006. GM's retail market share is anticipated to be flat for the year, with daily rental share down significantly, as planned.

"We've executed our Go-to-Market strategy throughout the year, and the results show stabilized retail share and net price, reduced daily rentals, improved residual values, smaller inventories and outstanding launch vehicle performance," said Mark LaNeve, GM North America vice president, Vehicle Sales, Service and Marketing. "Growing our share in key car segments is integral to our strategy. The retail performance of the new Chevrolet Malibu and Cadillac CTS, Saturn AURA, Pontiac G6 and the fuel-efficient Chevrolet Aveo, Cobalt and Pontiac G5, demonstrates the enthusiasm customers have for these outstanding vehicles."

December Performance Highlights:

Chevrolet, Pontiac, Buick, GMC and Saturn divisions saw retail increases year-over-year

GM's retail car deliveries increased 15 percent based on the strength of the all-new Chevrolet Malibu, 2008 Cadillac CTS and fuel-efficient Chevrolet Aveo, Cobalt, Pontiac G5 and G6. Aveo sales were up 82 percent

Chevrolet Impala and Malibu combined were 24,000 retail sales, the best Chevrolet mid-car month since July 2006

Enclave, OUTLOOK and Acadia crossovers exceeded 14,000 retail sales; GM's mid-utility crossover segment was up 275 percent. Enclave had a record month.

Chevrolet Silverado, Avalanche and GMC Sierra full-size pickups built retail market share with more than 69,000 vehicles sold

Retail vehicles, as a percent of total deliveries, increased more than 5 percentage points to 80 percent

Dealer inventories were down 147,000 vehicles year-over-year

"The Malibu, CTS and Enclave have some of the fastest turn rates in the industry and we've seen Malibu retail sales increase nearly 100 percent compared with a year ago," LaNeve added. "I was particularly encouraged to see that even though we doubled Malibu sales and basically sold them as soon as they hit dealer lots, the Impala also had a terrific month. More and more customers are realizing that the best mid-car values are no longer at an import dealership."

2007 Performance Highlights:

Dealer inventories were at their lowest level going into January in 13 years

GMC and Saturn divisions had total and retail increases for the year

Enclave, OUTLOOK and Acadia crossovers exceeded 122,000 retail sales; GM's mid-utility crossover segment was up 333 percent retail

Daily rental sales were reduced 108,000 vehicles; GM was at its lowest level of daily rental sales in 9 years (about 596,000 vehicles), while significantly boosting content and resale value. Commercial/government fleet sales were up about 5,000 vehicles

Anticipated retail share stabilized at about 21 percent

Retail vehicles, as a percentage of total deliveries, increased 1 percentage point to 74 percent

"The Chevrolet Tahoe Hybrid and Malibu, Buick Enclave and Cadillac CTS have been named finalists in the North America Car and Truck of the Year Awards, so our vehicles are being recognized as world-class," LaNeve said. "While we've seen a challenging market in 2007, we are offering shoppers the best products and value available. A shining example is Saturn's roughly 12-percent retail increase in 2007, being driven by the AURA, SKY, VUE and OUTLOOK. We believe the industry will be much more resilient than many forecasts and look forward to 2008."

Quality, reliability and durability (QRD) remain key factors for customers when purchasing a new vehicle. GM's 5 Year/100,000 Mile Powertrain Limited Warranty continues to make GM 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.

Edited January 3, 2008 by Mr.Krinkle

[Drew Dowdell]

the best mid-car values are no longer at an import dealership."

they never were...

[A Horse With No Name]

Pontiac and Buick still look to be down a good bit for the year.

Aveo sales are way up, and Cobalt is holding its own in a weak economy. IMHO GM can't bring better/refreshed new small cars fast enough.

Overall not bad for a weak economy.

Chris

[Drew Dowdell]

I think the Astra will be an unsuspected splash once word gets out. They're only planning on selling 30,000 of them here next year? I'm hoping that can't be right.

[Newbiewar]

i dont understand if GM will discontinue the Grand Prix, and expect the pontiac G8 to replace it if its only intending to bring 30k to the states...

but maybe the grand prix's days arent quite over... who knows...

what does GM have to launch besides astra and g8 this year?

[siegen]

they never were...

That is based on your idea of value. If you're talking about the new Malibu, then sure. It provides not only more features at the same price, but finally a fair bit of fancy design, emotion, and good stats to back it up.

Value doesn't mean just being cheaper.

[Robert Hall]

i dont understand if GM will discontinue the Grand Prix, and expect the pontiac G8 to replace it if its only intending to bring 30k to the states...

but maybe the grand prix's days arent quite over... who knows...

what does GM have to launch besides astra and g8 this year?

The Impala will take the GPs place in fleets..the GP was 77% fleet in '06, I think..

[A Horse With No Name]

I think the Astra will be an unsuspected splash once word gets out. They're only planning on selling 30,000 of them here next year? I'm hoping that can't be right.

Agree on the Astra. Hopefully the weak dollar won't kill it. But 30,000 won't glut the market, just the reverse. MINI only sells 30,000/40,000 cars here annually and those things hold value forever, it seems like.

It would be a huge win for Saturn if they could have a desireable small car with great fuel efficiency and huge resale value. This could be very profitable for both GM and its customers.

Chris

[Brougham-Holiday]

If more people knew how good GM cars are, these figures would be much higher. Until we got our G6, many of out neighbors had never even thought of a Pontiac, but we love it.

[jbartley]

for all the doom and gloom about the truck market, sales of the silverado/sierra are only off by about 1-2% this year.

[Dsuupr]

More than anything else, it's nice to see GM retail sales on the upswing.

[regfootball]

I think the Astra will be an unsuspected splash once word gets out. They're only planning on selling 30,000 of them here next year? I'm hoping that can't be right.

no nav no sync no bluetooth not even a single mp3 aux in jack

---

edge almost outsells lambda by itself...........

Edited January 3, 2008 by regfootball

[andy82471]

When do we find out who the No.1 seller is for 2007 ? Toyota or GM ?

[CSpec]

When do we find out who the No.1 seller is for 2007 ? Toyota or GM ?

It was GM, but Toyota beat out Ford for #2.

[Newbiewar]

It was GM, but Toyota beat out Ford for #2.

i think he was talking about global sale toyota vrs GM... and global sales will be released later this month... probably around the 23 or so...

[mustang84]

What the hell....Cobalt and Impala flip-flopped for sales in December. The Cobalt almost outsold the Impala! G6 jumped quite a bit too.

[Oracle of Delphi]

When do we find out who the No.1 seller is for 2007 ? Toyota or GM ?

It's GM! :AH-HA_wink:

[FUTURE_OF_GM]

"I was particularly encouraged to see that even though we doubled Malibu sales and basically sold them as soon as they hit dealer lots, the Impala also had a terrific month. More and more customers are realizing that the best mid-car values are no longer at an import dealership."

Maybe THIS is factoring into the RWD/FWD debate...

[Cory Wolfe]

I just now looked at the sales figures... The G6 is now the best selling Epsilon. Also, Saturn now outsells both Buick and Cadillac.

[Drew Dowdell]

I just now looked at the sales figures... The G6 is now the best selling Epsilon. Also, Saturn now outsells both Buick and Cadillac.

Buick used to have 5 models, it now has 3

Saturn used to have 3 models, it now has 5.

[A Horse With No Name]

Thankfully GM isn't trying to be everything to every one. For one, I am glad that Buick isn't trying to build cars like the early 80's Centuries just to have an "economy" midsized car to sell.

GM is learning, there is hope. Plus the 3 models buick does have are all top notch...

Chris