View:
Download DOC
Download PDF
Download XLS
February 2012 Sales



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) March 1, 2012
___________________

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
Sales Release and Charts Dated March 1, 2012
    







ITEM 8.01 Other Events

On March 1, 2012, General Motors Company (GM) issued a news release announcing February sales. The release and charts are attached as Exhibit 99.1.


EXHIBIT

Exhibit
Description
Method of Filing

Exhibit 99.1
Sales Release and Charts
Dated February 1, 2012
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/ Nick S. Cyprus
Date: March 2, 2012
By:
Nick S. Cyprus
Vice President, Controller and Chief Accounting Officer




EX-99.1-FEB-SALES


Exhibit 99.1
1
For Release: Thursday, March 1, 2012, 10 a.m. EST
GM February Sales Beat Expectations
Small and Compact Car Sales up 43 percent

DETROIT - General Motors Co. (NYSE: GM) today reported total sales of 209,306 vehicles in February, up 1.1 percent compared with the company's very strong February 2011 results.
“Chevrolet's 6 percent sales increase, which was driven by new models, as well as a stronger economy, helped GM exceed last February's remarkably strong result,” said Don Johnson, vice president, U.S. Sales Operations. “It's an affirmation of our progress. We are continuing to execute the same disciplined sales strategy that was the key to our success in 2011.”

Industry wide, February light vehicle sales will top 1.1 million units, thanks to stronger employment and credit availability, an improving housing market and the recovery in consumer sentiment, he added.
    
“Commercial sales are a good barometer for the economy,” Johnson said. “GM's commercial deliveries increased 35 percent in February, driven by strong sales of heavy-duty pickups.”

Year over year sales of the Chevrolet Silverado HD and GMC Sierra HD were up 28 percent and 20 percent, respectively. Other sales highlights for February include double-digit sales increases for the Buick LaCrosse, which features the 36-mpg eAssist powertrain as standard equipment, the Chevrolet Equinox and Camaro, and the GMC Terrain.

Chevrolet passenger car sales were up 13 percent. The all-new Chevrolet Sonic had its best month ever, with sales of 7,900 units. Chevrolet Cruze exceeded 20,000 units for the sixth time, marking its sixth-consecutive month of year-over-year sales gains. GM's small and compact car portfolio, which now includes the Chevrolet Sonic, Cruze and Volt, and the new Buick Verano, were up a combined 43 percent versus February 2011.

GM's year-over-year incentive spending, expressed as a percentage of average transaction prices, was down 3.5 percentage points to 9.5 percent in February, according to J.D. Power PIN estimates. Incentive spending was down about one-half point from January.

Highlights
Feb. 2012 Total Sales
Total Change vs. Feb. 2011
Feb. 2012 Retail Sales Change vs. Feb. 2011
CYTD Total Sales
CYTD Total Sales Change vs. 2011
CYTD Retail Sales Change vs. 2011
Chevrolet
151,197

5.8
%
(1.3%)
275,061

2.5
%
(7.5%)
GMC
32,581

0.1
%
(5.7%)
57,547

(4.4%)

(9.4%)
Buick
14,023

(11.3%)

(3.6%)
24,231

(16.7%)

(10.4%)
Cadillac
11,505

(27.0%)

(20.2%)
20,429

(27.9%)

(21.0%)
Total GM
209,306

1.1
%
 (3.9%)
377,268

(2.2%)

(9.2%)





 Inventory
Units @
Feb. 29, 2012
Days Supply (selling days adjusted)
Units @
Jan. 31, 2012
Days Supply (selling days adjusted)
All Vehicles
667,096
80
619,455
89
Full-size Pickups
210,463
116
188,568
119

Industry Sales
Full Year 2012
(est.)
Jan. 2012 SAAR
Feb. 2012 SAAR (est.)
Feb. 2011 SAAR
Total Light Vehicles
13.5 million - 14.0 million
14.1 million
14.5 million - 14.9 million
13.3 million


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's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. 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
GM Communications
313-407-2843
james.cain@gm.com

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.





 
February 
 
(Calendar Year-to-Date)
 
 
 
 
 
 
January -  February 
 
 
2012

2011

%Change Volume

 
2012

2011

%Change Volume

 
Enclave
4,167

5,199

(19.8
)
 
7,291

9,546

(23.6
)
 
LaCrosse
5,228

4,329

20.8

 
9,241

8,100

14.1

 
Lucerne
304

2,574

(88.2
)
 
725

5,390

(86.5
)
 
Regal
2,636

3,705

(28.9
)
 
4,491

6,040

(25.6
)
 
Verano
1,688

—

***.*

 
2,483

—

***.*

 
Buick Total
14,023

15,807

(11.3
)
 
24,231

29,076

(16.7
)
 
CTS
4,570

6,033

(24.2
)
 
7,589

10,395

(27.0
)
 
DTS
68

1,512

(95.5
)
 
157

2,877

(94.5
)
 
Escalade
1,011

1,279

(21.0
)
 
1,996

2,793

(28.5
)
 
Escalade ESV
690

756

(8.7
)
 
1,221

1,348

(9.4
)
 
Escalade EXT
150

167

(10.2
)
 
258

320

(19.4
)
 
SRX
4,983

5,502

(9.4
)
 
9,149

9,738

(6.0
)
 
STS
33

519

(93.6
)
 
59

878

(93.3
)
 
XLR
—

—

***.*

 
—

(1
)
***.*

 
Cadillac Total
11,505

15,768

(27.0
)
 
20,429

28,348

(27.9
)
 
Avalanche
1,794

1,414

26.9

 
3,411

2,811

21.3

 
Aveo
17

2,760

(99.4
)
 
33

5,499

(99.4
)
 
Camaro
6,923

6,245

10.9

 
12,632

11,008

14.8

 
Caprice
155

—

***.*

 
247

—

***.*

 
Captiva Sport
2,289

—

***.*

 
4,550

—

***.*

 
Cobalt
2

153

(98.7
)
 
3

559

(99.5
)
 
Colorado
3,532

2,606

35.5

 
6,404

4,810

33.1

 
Corvette
927

955

(2.9
)
 
1,556

1,676

(7.2
)
 
Cruze
20,427

18,556

10.1

 
35,476

32,187

10.2

 
Equinox
17,851

15,434

15.7

 
31,513

28,281

11.4

 
Express
5,257

4,021

30.7

 
9,789

9,294

5.3

 
HHR
1

6,398

***.*

 
5

13,785

***.*

 
Impala
15,333

16,290

(5.9
)
 
31,342

31,478

(0.4
)
 
Kodiak 4/5 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

 
Malibu
19,987

19,092

4.7

 
34,663

33,194

4.4

 
Silverado-C/K Pickup
32,297

31,728

1.8

 
59,147

59,900

(1.3
)
 
Sonic
7,900

—

***.*

 
13,612

—

***.*

 
Suburban (Chevy)
3,304

2,383

38.6

 
6,239

4,726

32.0

 
Tahoe
4,212

5,068

(16.9
)
 
8,207

10,349

(20.7
)
 
TrailBlazer
—

2

***.*

 
—

11

***.*

 
Traverse
7,966

9,533

(16.4
)
 
14,606

18,138

(19.5
)
 
Volt
1,023

281

264.1

 
1,626

602

170.1

 
Chevrolet Total
151,197

142,919

5.8

 
275,061

268,308

2.5

 
Acadia
6,630

7,547

(12.2
)
 
11,500

13,270

(13.3
)
 
Canyon
1,064

765

39.1

 
2,123

1,459

45.5

 
Envoy
—

—

***.*

 
—

1

***.*

 
Savana
2,126

673

215.9

 
2,964

1,391

113.1

 
Sierra
11,306

11,696

(3.3
)
 
20,823

22,323

(6.7
)
 
Terrain
8,086

7,190

12.5

 
13,735

13,559

1.3

 
Topkick 4/5 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

 
Topkick 6/7/8 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

 
Yukon
2,125

2,817

(24.6
)
 
4,147

4,893

(15.2
)
 
Yukon XL
1,244

1,846

(32.6
)
 
2,255

3,296

(31.6
)
 
GMC Total
32,581

32,534

0.1

 
57,547

60,192

(4.4
)
 
GM Vehicle Total
209,306

207,028

1.1

 
377,268

385,924

(2.2
)
 
 * 25 selling days for the February period this year and 24 for last year.