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2013 September 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) October 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 October 1, 2013






Item 8.01 Other Events

On October 1, 2013, General Motors Company issued a news release announcing September 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 October 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: October 3, 2013
By:
Thomas S. Timko
Vice President, Controller and Chief Accounting Officer


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


Exhibit 99.1

For Release: Tuesday, Oct. 1, 2013, 10 a.m. EDT

GM Delivers 187,195 Vehicles in September
 
Buick sales increase 6 percent and Cadillac sales grow by 10 percent
 

DETROIT - General Motors Co. (NYSE: GM) dealers delivered 187,195 vehicles in the United States in September, down 11 percent compared year over year. Retail sales were down 6 percent versus a year ago and fleet sales were down 27 percent. Retail sales were up 2 percent on a selling day-adjusted basis.

“We held our own when it comes to retail market share this month thanks to strong new products, including the Chevrolet Impala, Buick Encore, GMC Sierra and the Cadillac ATS and XTS,” said Kurt McNeil, vice president, U.S. sales operations. “We expect a strong finish to the year and more growth in 2014 thanks to new products and a healthier economy.”

Highlights (vs. 2012)
•
Buick sales increased 6 percent and Cadillac sales were up 10 percent. On a retail basis, Buick sales have now increased for 17 months in a row.
•
Chevrolet Malibu sales were up 29 percent, sales of the Spark were up 6 percent and retail sales of the Impala increased 64 percent. Chevrolet Tahoe sales were up 14 percent.
•
Third quarter retail sales for GM were up 13 percent and total sales were up 7 percent.
•
Through the first nine months of the year, Chevrolet, Buick, Cadillac and GMC have posted double-digit retail sales increases compared with 2012.
•
Year-to-date sales of Buick and Cadillac cars are up a combined 15 percent; large pickups are up 20 percent; large SUVs are up 15 percent; and compact crossovers are up 13 percent.

GM’s fleet sales in September reflect the strategic repositioning of the Impala, the temporary discontinuation of the Chevrolet Colorado and GMC Canyon, and lower Chevrolet Cruze sales.

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.

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

Sales Tables
September
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
127,785
(14.7)%
94,563
(8.8)%
GMC
29,959
(9.7)%
27,725
(4.5)%
Buick
15,623
6.5%
13,875
2.0%
Cadillac
13,828
9.9%
12,899
7.6%
Total GM
187,195
(11.0)%
149,062
(5.8)%
 
 
 
 
 
CYTD
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
1,493,329
5.1%
1,050,973
9.5%
GMC
333,213
8.7%
289,940
12.9%
Buick
157,503
14.7%
139,740
14.1%
Cadillac
133,414
28.9%
122,666
25.4%
Total GM
2,117,459
7.6%
1,603,319
11.6%
 
 
 
 
 
Fleet Segment
Month
YOY Change
CYTD
CYTD Change
Fleet Share of Total GM Sales
20.4%
(4.3) points
24.3%
(2.7) points
 
 
 
 
 
Inventory
Units at
Month-end
Days Supply (selling day adjusted)
Units at Previous
Month-end
Days Supply (selling day adjusted)
All Vehicles
670,191
82
628,644
64

Industry Sales
Month (est.)
CYTD (est.)
Light Vehicle SAAR
15.3 million range
15.5 million range




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

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
3,477

4,210

(17.4
)
 
46,384

41,561

11.6

 
Encore
3,206

—

***.*

 
22,930

—

***.*

 
LaCrosse
3,952

4,580

(13.7
)
 
38,845

45,066

(13.8
)
 
Regal
1,300

1,839

(29.3
)
 
12,767

20,523

(37.8
)
 
Verano
3,688

4,042

(8.8
)
 
36,568

29,146

25.5

 
Buick Total*
15,623

14,673

6.5

 
157,503

137,262

14.7

 
ATS
2,739

611

348.3

 
28,207

611

***.*

 
CTS
2,408

3,103

(22.4
)
 
24,410

38,465

(36.5
)
 
Escalade
968

913

6.0

 
8,953

9,294

(3.7
)
 
Escalade ESV
634

595

6.6

 
5,916

5,795

2.1

 
Escalade EXT
152

188

(19.1
)
 
1,674

1,348

24.2

 
SRX
4,362

4,660

(6.4
)
 
40,506

40,224

0.7

 
XTS
2,565

2,506

2.4

 
23,722

7,156

231.5

 
Cadillac Total*
13,828

12,579

9.9

 
133,414

103,512

28.9

 
Avalanche
719

2,030

(64.6
)
 
15,618

17,149

(8.9
)
 
Camaro
5,659

5,670

(0.2
)
 
64,815

68,968

(6.0
)
 
Caprice
514

454

13.2

 
2,966

2,865

3.5

 
Captiva Sport
3,248

2,849

14.0

 
36,293

27,148

33.7

 
Colorado
41

2,833

(98.6
)
 
3,375

32,608

(89.6
)
 
Corvette
831

1,351

(38.5
)
 
7,830

10,570

(25.9
)
 
Cruze
12,730

25,787

(50.6
)
 
195,775

180,600

8.4

 
Equinox
15,443

15,835

(2.5
)
 
185,420

166,862

11.1

 
Express
5,235

3,881

34.9

 
59,624

57,886

3.0

 
Impala
11,462

15,259

(24.9
)
 
121,033

140,179

(13.7
)
 
Malibu
14,487

11,188

29.5

 
154,950

179,465

(13.7
)
 
Silverado-C/K Pickup
32,506

36,425

(10.8
)
 
360,775

298,200

21.0

 
Sonic
7,335

7,525

(2.5
)
 
69,649

64,746

7.6

 
Spark
2,355

2,223

5.9

 
28,324

6,313

348.7

 
Suburban (Chevy)
2,733

3,254

(16.0
)
 
34,580

33,860

2.1

 
Tahoe
5,332

4,696

13.5

 
60,126

49,481

21.5

 
Traverse
5,389

5,687

(5.2
)
 
75,411

67,042

12.5

 
Volt
1,766

2,851

(38.1
)
 
16,760

16,348

2.5

 
Chevrolet Total*
127,785

149,801

(14.7
)
 
1,493,329

1,420,383

5.1

 
Acadia
5,565

6,159

(9.6
)
 
67,422

63,857

5.6

 
Canyon
8

555

(98.6
)
 
918

7,618

(87.9
)
 
Savana
820

1,005

(18.4
)
 
11,558

17,259

(33.0
)
 
Sierra
13,438

13,636

(1.5
)
 
135,670

112,181

20.9

 
Terrain
7,141

7,486

(4.6
)
 
76,792

70,826

8.4

 
Yukon
1,667

2,071

(19.5
)
 
18,907

19,149

(1.3
)
 
Yukon XL
1,320

2,280

(42.1
)
 
21,946

15,668

40.1

 
GMC Total
29,959

33,192

(9.7
)
 
333,213

306,558

8.7

 
GM Vehicle Total*
187,195

210,245

(11.0
)
 
2,117,459

1,967,715

7.6

 
23 selling days for the September period this year and 25 for last year.
 
 
 
 
 
*Totals include discontinued models: Buick Lucerne, Cadillac DTS and STS, Chevrolet Aveo, Cobalt and HHR.