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Form 8-K July - 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) August 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 August 1, 2012







ITEM 8.01 Other Events

On August 1, 2012, General Motors Company (GM) issued a news release announcing July 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 August 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: August 6, 2012
By:
Nick S. Cyprus
Vice President, Controller and Chief Accounting Officer




EX-99.1 08012012 Sales



Exhibit 99.1
                
For Release: Tuesday, August 1, 2012, 10 a.m. EDT

GM U.S. Sales Down on Lower Rental Volume
 
DETROIT - General Motors Co. (NYSE: GM) today reported July U.S. sales of 201,237 vehicles, down 6 percent compared with a year ago. Sales to retail customers declined 3 percent. Sales to rental fleet customers declined 41 percent, in line with the company's previous guidance.

In July, Cadillac sales were up 21 percent thanks to strong across-the-board results for the CTS, Escalade, SRX and the all-new XTS.

“Cadillac hit a home run and our newest Chevrolets and Buicks are performing very well,” said Kurt McNeil, vice president, U.S. Sales Operations. “Signs of a housing recovery and good news on consumer confidence and household income should help keep the light vehicle selling rate in the 14-million range and drive seasonally higher truck sales as we move toward fall.”
 
All of GM newest vehicles performed well in July. Buick Verano sales were 4,235 units and have increased each month since the car launched in December 2011. Chevrolet Sonic sales were 6,278 units and it has been the retail sales leader in its segment since April 2012. In addition, Chevrolet Spark deliveries were 1,460 in its first month on sale.

GM's combined retail sales of mini- , small, and compact cars were up 41 percent year over year. Retail passenger car sales in total were up 3 percent, crossover sales were up 2 percent and truck sales were down 12 percent.

Two all-new vehicles - the 2013 Chevrolet Malibu four-cylinder and Cadillac ATS - are now in production. Vehicles launching later this year include the Buick Verano Turbo, Buick Enclave, Chevrolet Malibu Turbo, Chevrolet Traverse and GMC Acadia.

GM said last month that sales to rental customers would be down sharply in July because planned deliveries occurred earlier in the year compared with 2011. GM's commercial fleet sales were up 41 percent, the 28th consecutive monthly increase. Strong police vehicle deliveries to state and local agencies helped drive a 115 percent increase in government sales. Total fleet sales were down 15 percent.





2012 Highlights
July Total Sales
Total Change vs. July 2011
July Retail Sales
Retail Change vs. July 2011
CYTD
Sales
CYTD Change vs. 2011
CYTD Retail Sales
CYTD
Retail Change vs. 2011
Chevrolet
138,942
(6.8)%
99,690
(5.4)%
1,100,604
4.5%
738,505
3%
GMC
34,487
(9)%
27,560
(5.6)%
235,528
4.5%
194,331
1.6%
Buick
14,391
(14.7)%
14,274
2%
104,589
(5.3)%
92,743
1.5%
Cadillac
13,417
20.7%
11,995
20.3%
76,229
(12.6)%
72,077
(4.7)%
Total GM
201,237
(6.4)%
153,519
(3.2)%
1,516,950
2.7%
1,097,656
2.1%
Industry Sales
July SAAR (est.)
CYTD SAAR (est.)
Full Year 2012 (est.)
 
 
 
Light Vehicles
13.8 million -14 million range
14.3 million range
14.0 million - 14.5 million
 
 
 




Inventory
Units @
July 31, 2012
Days Supply (selling days adjusted)
Units @
June 30, 2012
Days Supply (selling days adjusted)
All Vehicles
663,439
79
700,927
76
Cars and Crossovers
324,504
62
361,416
58
Full-size Pickups
238,165
136
238,194
135


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.





 
July     
 
(Calendar Year-to-Date)
 
 
 
 
 
 
January -  July     
 
 
2,012

2,011

%Change Volume

 
2,012

2,011

%Change Volume

 
Enclave
4,360

6,145

(29.0
)
 
32,226

34,149

(5.6
)
 
LaCrosse
4,001

5,971

(33.0
)
 
34,893

35,298

(1.1
)
 
Lucerne
11

1,233

(99.1
)
 
954

15,513

(93.9
)
 
Regal
1,784

3,524

(49.4
)
 
16,612

25,512

(34.9
)
 
Verano
4,235

—

***.*

 
19,904

—

***.*

 
Buick Total
14,391

16,873

(14.7
)
 
104,589

110,472

(5.3
)
 
CTS
4,743

4,449

6.6

 
30,226

31,454

(3.9
)
 
DTS
20

715

(97.2
)
 
449

9,453

(95.3
)
 
Escalade
1,123

914

22.9

 
7,117

7,859

(9.4
)
 
Escalade ESV
711

605

17.5

 
4,458

4,402

1.3

 
Escalade EXT
163

171

(4.7
)
 
977

1,067

(8.4
)
 
SRX
4,911

4,133

18.8

 
30,361

30,333

0.1

 
STS
7

132

(94.7
)
 
149

2,661

(94.4
)
 
XLR
—

—

***.*

 
—

12

***.*

 
XTS
1,739

—

***.*

 
2,492

—

***.*

 
Cadillac Total
13,417

11,119

20.7

 
76,229

87,241

(12.6
)
 
Avalanche
1,823

1,621

12.5

 
12,825

10,339

24.0

 
Aveo
2

3,349

***.*

 
58

24,615

(99.8
)
 
Camaro
6,926

7,671

(9.7
)
 
56,623

56,432

0.3

 
Caprice
500

90

455.6

 
1,680

155

983.9

 
Captiva Sport
3,914

—

***.*

 
21,835

—

***.*

 
Cobalt
—

21

***.*

 
11

835

(98.7
)
 
Colorado
4,096

3,169

29.3

 
25,553

19,283

32.5

 
Corvette
987

1,291

(23.5
)
 
8,009

8,187

(2.2
)
 
Cruze
14,954

24,648

(39.3
)
 
128,838

147,620

(12.7
)
 
Equinox
19,906

17,094

16.5

 
130,796

112,932

15.8

 
Express
9,327

5,343

74.6

 
47,144

38,299

23.1

 
HHR
—

317

***.*

 
20

35,819

***.*

 
Impala
9,359

7,327

27.7

 
107,854

110,971

(2.8
)
 
Kodiak 4/5 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

 
Malibu
12,345

19,529

(36.8
)
 
153,782

142,312

8.1

 
Silverado-C/K Pickup
28,972

33,121

(12.5
)
 
223,480

215,906

3.5

 
Sonic
6,278

—

***.*

 
48,518

—

***.*

 
Spark
1,460

—

***.*

 
1,460

—

***.*

 
Suburban (Chevy)
4,445

4,265

4.2

 
27,513

22,871

20.3

 
Tahoe
6,053

5,741

5.4

 
39,327

39,754

(1.1
)
 
TrailBlazer
—

—

***.*

 
—

33

***.*

 
Traverse
5,746

14,283

(59.8
)
 
54,612

64,310

(15.1
)
 
Volt
1,849

125

***.*

 
10,666

2,870

271.6

 
Chevrolet Total
138,942

149,005

(6.8
)
 
1,100,604

1,053,553

4.5

 
Acadia
7,390

10,424

(29.1
)
 
49,550

50,235

(1.4
)
 
Canyon
720

1,422

(49.4
)
 
6,361

5,570

14.2

 
Envoy
—

—

***.*

 
—

5

***.*

 
Savana
2,653

1,219

117.6

 
14,709

11,355

29.5

 
Sierra
11,105

12,596

(11.8
)
 
84,050

80,194

4.8

 
Terrain
7,595

7,302

4.0

 
54,197

48,666

11.4

 
Topkick 4/5 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

 
Topkick 6/7/8 Series
***.*

***.*

***.*

 
***.*

***.*

***.*

 
Yukon
2,205

2,238

(1.5
)
 
14,867

17,402

(14.6
)
 
Yukon XL
2,819

2,717

3.8

 
11,794

11,842

(0.4
)
 
GMC Total
34,487

37,918

(9.0
)
 
235,528

225,282

4.5

 
GM Vehicle Total
201,237

214,915

(6.4
)
 
1,516,950

1,476,548

2.7

 
 * 24 selling days for the July period this year and 26 for last year.