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Form 8-K 2012 October 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) November 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 November 1, 2012







ITEM 8.01 Other Events

On November 1, 2012, General Motors Company issued a news release announcing October 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 November 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: November 2, 2012
By:
Nick S. Cyprus
Vice President, Controller and Chief Accounting Officer




Exhibit 99.1 October 2012 Sales


Exhibit 99.1
                    
For Release: Thursday, Nov. 1, 2012, 10 a.m. EDT

GM U.S. Sales Increase 5 percent in October
Retail sales up 7 percent, fleet down 2 percent

DETROIT - General Motors Co. (NYSE: GM) today reported its highest October sales in the United States since 2007, with deliveries up 5 percent versus a year ago to 195,764 vehicles. Year-over-year sales to retail customers were up 7 percent and sales to fleet customers were down 2 percent.

“GM had a solid October in a month that was marked by a devastating national tragedy,” said Kurt McNeil, vice president, U.S. sales operations. “All of us at GM are deeply saddened by the loss of life and the extensive damage caused by the storms, but we're really encouraged by the national and local response, which will speed the recovery.”
  
GM's new cars had a standout performance in October.

“With new designs like the Chevrolet Spark, Buick Verano and Cadillac ATS, and a growing reputation for quality and good resale value, we are becoming an even more formidable competitor in every segment - not just traditional GM strongholds like trucks,” McNeil said.

Sales of GM passenger cars increased 15 percent in October compared with a year ago. Crossovers were up 3 percent and sales of full-size pickup trucks were up 8 percent.

•
Passenger car sales were driven by a 37 percent increase in Cadillac car sales, a 27 percent increase in Buick car sales and a 12 percent increase in Chevrolet car sales.
•
Combined sales of mini, small and compact cars were up 72 percent compared with a year ago, driven by strong Spark and Sonic sales and a 34 percent increase in Cruze sales. Chevrolet dealers also delivered a record 2,961 Volts.
•
Crossover sales were driven by double-digit increases for the Cadillac SRX, GMC Acadia and GMC Terrain.
•
Overall truck sales were down 2 percent, reflecting lower sales of the GMC and Chevrolet mid-size pickups, which have been discontinued, and large SUVs.

“Year over year, the light vehicle selling rate has increased for eight consecutive quarters without a tailwind from the residential housing sector but that is starting to change,” said McNeil. “If these trends continue, housing may be the final piece of the puzzle that lifts sales above 15 million units on an annual basis just as GM prepares to launch even more new cars, crossovers and trucks.”

GM will replace 70 percent of its U.S. nameplates with redesigned or all-new vehicles over the course of 2012 - 2013. In anticipation of robust demand, GM has increased its year-end inventory target from the 650,000-unit range to 660,000 to 670,000 units. This change reflects higher planned stocks of new passenger cars. The truck inventory target is unchanged.






2012 Highlights
Oct. Total Sales
Total Change vs. Oct. 2011
Oct. Retail Sales
Retail Change vs. Oct. 2011
CYTD
Sales
CYTD Change vs. 2011
CYTD Retail Sales
CYTD
Retail Change vs. 2011
Chevrolet
135,305
2.7%
98,248
4.6%
1,555,688
4.7%
1,058,018
4%
GMC
33,570
6.2%
29,642
7.5%
340,128
4.2%
286,441
3.3%
Buick
13,384
14.5%
12,605
15.4%
150,646
(0.7)%
135,095
4.3%
Cadillac
13,505
14.5%
12,510
16%
117,017
(6.4)%
110,303
(0.2)%
Total GM
195,764
4.7%
153,005
6.8%
2,163,479
3.6%
1,589,857
3.6%



Inventory
Units @
Oct. 31, 2012
Days Supply (selling day adjusted)
Units @
Oct. 1, 2012
Days Supply
(selling day adjusted)
Year-end Inventory Target
Year-end Days Supply Target (selling day adjusted)
All Vehicles
739,034
98
689,334
82
660,000 - 670,000 units
65 - 70
Full-size Pickups
235,585
110
240,810
116
200,000 - 220,000 units
 80 - 85


Industry Sales
Oct. SAAR (est.)
CYTD SAAR (est.)
Full Year 2012 (est.)
Light Vehicles
14.4 million range
14.3 million range
14.0 million - 14.5 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, 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.




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

2011

%Change Volume

 
2012

2011

%Change Volume

 
Enclave
4,273

4,509

(5.2
)
 
45,834

48,913

(6.3
)
 
LaCrosse
4,139

4,048

2.2

 
49,205

49,106

0.2

 
Lucerne
4

849

(99.5
)
 
970

18,822

(94.8
)
 
Regal
1,466

2,281

(35.7
)
 
21,989

34,938

(37.1
)
 
Verano
3,502

—

***.*

 
32,648

—

***.*

 
Buick Total
13,384

11,687

14.5

 
150,646

151,779

(0.7
)
 
ATS
1,266

—

***.*

 
1,877

—

***.*

 
CTS
2,344

3,918

(40.2
)
 
40,809

45,818

(10.9
)
 
DTS
1

404

(99.8
)
 
463

11,159

(95.9
)
 
Escalade
990

1,424

(30.5
)
 
10,284

11,915

(13.7
)
 
Escalade ESV
668

722

(7.5
)
 
6,463

6,492

(0.4
)
 
Escalade EXT
174

163

6.7

 
1,522

1,578

(3.5
)
 
SRX
5,521

4,984

10.8

 
45,745

44,845

2.0

 
STS
1

180

(99.4
)
 
158

3,166

(95.0
)
 
XLR
—

—

***.*

 
—

12

***.*

 
XTS
2,540

—

***.*

 
9,696

—

***.*

 
Cadillac Total
13,505

11,795

14.5

 
117,017

124,985

(6.4
)
 
Avalanche
2,331

1,696

37.4

 
19,480

15,685

24.2

 
Aveo
2

65

(96.9
)
 
63

28,547

(99.8
)
 
Camaro
5,122

6,119

(16.3
)
 
74,090

76,368

(3.0
)
 
Caprice
343

116

195.7

 
3,208

614

422.5

 
Captiva Sport
3,408

2,140

59.3

 
30,556

2,140

***.*

 
Cobalt
—

7

***.*

 
11

850

(98.7
)
 
Colorado
1,612

2,093

(23.0
)
 
34,220

26,078

31.2

 
Corvette
1,167

946

23.4

 
11,737

11,216

4.6

 
Cruze
19,121

14,295

33.8

 
199,721

201,819

(1.0
)
 
Equinox
15,387

15,108

1.8

 
182,249

160,143

13.8

 
Express
5,528

6,421

(13.9
)
 
63,414

58,095

9.2

 
HHR
—

68

***.*

 
21

36,839

***.*

 
Impala
8,368

11,982

(30.2
)
 
148,547

150,104

(1.0
)
 
Kodiak 4/5 Series
—

—

***.*

 
—

10

***.*

 
Malibu
9,629

10,239

(6.0
)
 
189,094

181,505

4.2

 
Silverado-C/K Pickup
38,739

36,656

5.7

 
336,939

333,092

1.2

 
Sonic
5,495

3,833

43.4

 
70,241

5,539

***.*

 
Spark
2,134

—

***.*

 
8,447

—

***.*

 
Suburban (Chevy)
3,595

4,655

(22.8
)
 
37,455

37,710

(0.7
)
 
Tahoe
4,926

7,060

(30.2
)
 
54,407

63,696

(14.6
)
 
TrailBlazer
—

—

***.*

 
—

33

***.*

 
Traverse
5,437

7,197

(24.5
)
 
72,479

90,661

(20.1
)
 
Volt
2,961

1,108

167.2

 
19,309

5,003

285.9

 
Chevrolet Total
135,305

131,804

2.7

 
1,555,688

1,485,747

4.7

 
Acadia
5,613

5,034

11.5

 
69,470

67,047

3.6

 
Canyon
472

778

(39.3
)
 
8,090

8,412

(3.8
)
 
Envoy
—

—

***.*

 
—

5

***.*

 
Savana
1,047

910

15.1

 
18,306

14,006

30.7

 
Sierra
14,568

13,362

9.0

 
126,749

120,704

5.0

 
Terrain
7,286

6,350

14.7

 
78,112

69,801

11.9

 
Topkick 4/5 Series
—

—

***.*

 
—

5

***.*

 
Topkick 6/7/8 Series
—

—

***.*

 
—

8

***.*

 
Yukon
2,289

2,958

(22.6
)
 
21,438

27,295

(21.5
)
 
Yukon XL
2,295

2,217

3.5

 
17,963

19,273

(6.8
)
 
GMC Total
33,570

31,609

6.2

 
340,128

326,556

4.2

 
GM Vehicle Total
195,764

186,895

4.7

 
2,163,479

2,089,067

3.6

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