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2013 July U.S. Sales 8-K




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549-1004
___________________

FORM 8-K
___________________

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) August 1, 2013
___________________

GENERAL MOTORS COMPANY
(Exact Name of Registrant as Specified in its Charter)
___________________


DELAWARE
(State or other jurisdiction of
incorporation)
001-34960
(Commission File Number)
27-0756180
(I.R.S. Employer
Identification No.)

300 Renaissance Center, Detroit, Michigan
(Address of Principal Executive Offices)

48265-3000
(Zip Code)

(313) 556-5000
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

___________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
 
¨
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
¨
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17-CFR 240.14a-12)
 
 
 
¨
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
¨
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





TABLE OF CONTENTS

Item 8.01 Other Events
Signature
Index to Exhibits
U.S. Sales Release and Charts Dated August 1, 2013






Item 8.01 Other Events

On August 1, 2013, General Motors Company issued a news release announcing July 2013 U.S. sales. The release and charts are attached as Exhibit 99.1.


EXHIBIT

Exhibit
Description
Method of Filing
 
 
 
Exhibit 99.1
U.S. Sales Release and Charts
Dated August 1, 2013
Attached as Exhibit






SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
 
GENERAL MOTORS COMPANY
(Registrant)


 
 
/s/ THOMAS S. TIMKO
Date: August 2, 2013
By:
Thomas S. Timko
Vice President, Controller and Chief Accounting Officer




2013 July U.S. Sales Press Release & Charts Exhibit 99.1


Exhibit 99.1

For Release: Thursday, August 1, 2013, 10 a.m. EDT
 
GM's Retail Sales Increased 23 percent in July
Total sales up 16 percent driven by double-digit increases at all four brands

DETROIT - General Motors Co. (NYSE: GM) dealers delivered 234,071 vehicles in the United States in July, up 16 percent compared with a year ago. Retail sales increased 23 percent while fleet sales declined 6 percent.

“For GM, July was the most well-balanced month of the year from a retail sales standpoint: trucks were hot, but so were small cars and family vehicles,” said Kurt McNeil, vice president, U.S. sales operations. “Our experience shows that the difference between good sales and great sales in a slow-growth economy is how many new products you have to offer, and we are starting to hit our sweet spot.”

July Total Sales Highlights (vs. 2012)
•
GM passenger car sales were up 24 percent year over year, including a 42 percent increase in mini-, small and compact car deliveries.
•
Chevrolet car sales were up 31 percent driven by a record month for the Spark, record July sales for the Cruze and a 38 percent increase for the Impala.
•
Cadillac car sales were up 34 percent on the strength of the new ATS and XTS.
•
Pickup, van and SUV sales were up a combined 16 percent with full-size pickups up 44 percent - the best July since 2007.
•
About 15 percent of full-size pickup sales were all-new 2014 crew cabs. Double-cab models are now being shipped to dealers and regular cab production begins later this summer.
•
Crossover sales were up 6 percent, with the redesigned Chevrolet Traverse and Buick Enclave up 33 percent and 14 percent, respectively. Sales of the all-new Buick Encore increased 39 percent from June 2013.

July Retail Sales Highlights (vs. 2012)
•
All four brands posted double-digit retail sales increases and Buick retail sales have now increased for 15 consecutive months.
•
Full-size pickup deliveries were up 51 percent and crossover sales increased 18 percent.
•
Deliveries to small business customers increased 61 percent, including a 107 percent increase full-size pickup deliveries.
•
Sales of the Chevrolet Malibu increased 31 percent and the Chevrolet Equinox had its best-ever July retail sales with deliveries up 9 percent.
•
GMC Terrain sales were up 24 percent for its best-ever July.


General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company 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, Isuzu, Jiefang, Opel, Vauxhall 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 http://www.gm.com.





CONTACT:
Jim Cain
313-407-2843
james.cain@gm.com

July 2013 Sales
 
Month
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
162,670
17.1%
124,750
25.1%
GMC
39,356
14.1%
33,988
23.3%
Buick
16,393
13.9%
15,662
9.7%
Cadillac
15,652
16.7%
14,719
22.7%
Total GM
234,071
16.3%
189,119
23.2%
 
 
 
 
 
CYTD
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
1,177,804
7.0%
813,380
10.1%
GMC
260,052
10.4%
223,307
14.9%
Buick
117,230
12.1%
105,827
14.1%
Cadillac
99,331
30.3%
90,785
26.0%
Total GM
1,654,417
9.1%
1,233,299
12.4%
 
 
 
 
 
Fleet Segment
Month
YOY Change
CYTD
CYTD Change
Fleet Share of Total GM Sales
19.2%
(4.5) points
25.5%
(2.2) points
 
 
 
 
 
Inventory
Units at
Month-end
Days Supply (selling day adjusted)
Units at Previous
Month-end
Days Supply (selling day adjusted)
All Vehicles
638,517
68
708,229
70
Full-size Pickups (GMT-900)
140,035
68
181,222
86

Industry Sales
Month (est.)
CYTD (est.)
GM Full-year Outlook
Light Vehicle SAAR
15.7 million range
15.4 million range
15.0 - 15.5 million

Forward-Looking Statements
In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.


# # #




 
July
 
(Calendar Year-to-Date)
January - July
 
 
2013

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
4,963

4,360

13.8

 
36,804

32,226

14.2

 
Encore
3,176

—

***.*

 
15,428

—

***.*

 
LaCrosse
3,446

4,001

(13.9
)
 
27,928

34,893

(20.0
)
 
Lucerne
—

11

***.*

 
9

954

(99.1
)
 
Regal
1,187

1,784

(33.5
)
 
10,007

16,612

(39.8
)
 
Verano
3,621

4,235

(14.5
)
 
27,054

19,904

35.9

 
Buick Total
16,393

14,391

13.9

 
117,230

104,589

12.1

 
ATS
2,905

—

***.*

 
22,088

—

***.*

 
CTS
2,889

4,743

(39.1
)
 
18,022

30,226

(40.4
)
 
DTS
—

20

***.*

 
19

449

(95.8
)
 
Escalade
1,105

1,123

(1.6
)
 
6,782

7,117

(4.7
)
 
Escalade ESV
688

711

(3.2
)
 
4,515

4,458

1.3

 
Escalade EXT
182

163

11.7

 
1,341

977

37.3

 
SRX
4,943

4,911

0.7

 
28,933

30,361

(4.7
)
 
STS
—

7

***.*

 
7

149

(95.3
)
 
XTS
2,940

1,739

69.1

 
17,624

2,492

607.2

 
Cadillac Total
15,652

13,417

16.7

 
99,331

76,229

30.3

 
Avalanche
1,496

1,823

(17.9
)
 
13,374

12,825

4.3

 
Aveo
—

2

***.*

 
2

58

(96.6
)
 
Camaro
7,969

6,926

15.1

 
50,281

56,623

(11.2
)
 
Caprice
182

500

(63.6
)
 
1,734

1,680

3.2

 
Captiva Sport
2,548

3,914

(34.9
)
 
27,310

21,835

25.1

 
Cobalt
—

—

***.*

 
—

11

***.*

 
Colorado
207

4,096

(94.9
)
 
3,241

25,553

(87.3
)
 
Corvette
671

987

(32.0
)
 
6,344

8,009

(20.8
)
 
Cruze
25,447

14,954

70.2

 
159,136

128,838

23.5

 
Equinox
18,507

19,906

(7.0
)
 
144,904

130,796

10.8

 
Express
5,569

9,327

(40.3
)
 
46,171

47,144

(2.1
)
 
HHR
—

—

***.*

 
3

20

(85.0
)
 
Impala
12,915

9,359

38.0

 
96,297

107,854

(10.7
)
 
Malibu
12,473

12,345

1.0

 
123,573

153,782

(19.6
)
 
Silverado-C/K Pickup
42,080

28,972

45.2

 
284,666

223,480

27.4

 
Sonic
6,055

6,278

(3.6
)
 
50,960

48,518

5.0

 
Spark
3,847

1,460

163.5

 
21,435

1,460

1,368.2

 
Suburban (Chevy)
6,181

4,445

39.1

 
27,844

27,513

1.2

 
Tahoe
7,119

6,053

17.6

 
47,976

39,327

22.0

 
Traverse
7,616

5,746

32.5

 
60,910

54,612

11.5

 
Volt
1,788

1,849

(3.3
)
 
11,643

10,666

9.2

 
Chevrolet Total
162,670

138,942

17.1

 
1,177,804

1,100,604

7.0

 
Acadia
7,564

7,390

2.4

 
54,056

49,550

9.1

 
Canyon
22

720

(96.9
)
 
898

6,361

(85.9
)
 
Savana
1,400

2,653

(47.2
)
 
9,610

14,709

(34.7
)
 
Sierra
16,582

11,105

49.3

 
104,215

84,050

24.0

 
Terrain
7,855

7,595

3.4

 
58,531

54,197

8.0

 
Yukon
2,790

2,205

26.5

 
14,895

14,867

0.2

 
Yukon XL
3,143

2,819

11.5

 
17,847

11,794

51.3

 
GMC Total
39,356

34,487

14.1

 
260,052

235,528

10.4

 
GM Vehicle Total
234,071

201,237

16.3

 
1,654,417

1,516,950

9.1

 
25 selling days for the July period this year and 24 for last year.