Form 8-K 2012 November 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) December 3, 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 Chart Dated December 3, 2012








ITEM 8.01 Other Events

On December 3, 2012, General Motors Company issued a news release announcing November sales. The release and chart are attached as Exhibit 99.1.


EXHIBIT

Exhibit
Description
Method of Filing

Exhibit 99.1
Sales Release and Chart
Dated December 3, 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: December 5, 2012
By:
Nick S. Cyprus
Vice President, Controller and Chief Accounting Officer





November Sales Exhibit



Exhibit 99.1

For Release: Monday, Dec. 3, 2012, 10 a.m. EST

GM U.S. Sales Increase 3 percent in November

DETROIT - General Motors Co. (NYSE: GM) today reported its highest November sales in the United States since 2007, with deliveries up 3 percent versus a year ago to 186,505 vehicles. Year-over-year sales to retail customers were essentially equal to a year ago and sales to fleet customers were up 16 percent.

“In November, we saw strong car and crossover sales and we continue to make inroads with younger customers, import drivers and buyers focused on fuel economy,” said Kurt McNeil, vice president of U.S. sales operations. “Sales at Cadillac and Buick are benefiting from the buzz generated by new products, including the Buick Verano, Cadillac XTS and Cadillac ATS.”

Sales of GM passenger cars increased 19 percent in November compared with a year ago. Crossovers were up 9 percent and sales of trucks were down 11 percent. Buick and Cadillac had their best November sales since 2006 and 2007, respectively.
  
Passenger car sales were up 77 percent at Cadillac, 22 percent at Buick and 13 percent at Chevrolet.
Combined sales of mini, small and compact cars were up 51 percent compared with a year ago, driven by the new Buick Verano and Chevrolet Spark, a 27 percent increase for the Chevrolet Cruze, a 33 percent increase for the Chevrolet Volt and a 12 percent increase for the Chevrolet Sonic.
Crossover sales were driven by a 44 percent increase for the GMC Terrain, a 23 percent increase for the Buick Enclave and a 13 percent increase for both the Chevrolet Equinox and the Cadillac SRX.
Sales of large pickups were 8 percent lower in part due to unexpectedly high competitive incentive activity, which GM did not match.

The average transaction prices for GM vehicles increased $750 per unit versus a year ago, even though the company's car and crossover mix increased from 56 percent of total sales to 62 percent. ATPs also increased about $190 per unit from October, when the car and crossover mix was 60 percent.

2012 Highlights
Nov. Total Sales
Total Change vs. Nov. 2011
Nov. Retail Sales
Retail Change vs. Nov. 2011
CYTD
Sales
CYTD Change vs. 2011
CYTD Retail Sales
CYTD
Retail Change vs. 2011
Chevrolet
128,867
—%
88,640
(4.3)%
1,684,555
4.3%
1,146,658
3.3%
GMC
29,832
1.2%
25,101
(3.4)%
369,960
3.9%
311,542
2.7%
Buick
13,289
22.1%
12,232
18.4%
163,935
0.8%
147,327
5.3%
Cadillac
14,517
30.3%
13,547
25.9%
131,534
(3.4)%
123,850
2.1%
Total GM
186,505
3.4%
139,520
(0.1)%
2,349,984
3.5%
1,729,377
3.3%

“The East Coast's ongoing recovery from Hurricane Sandy helped drive the November SAAR materially higher, but it benefited our competitors more than GM, since they rely on the region for more of their sales,” McNeil said.





“It's clear that the industry will come in at the high end of our full-year sales forecast,” he added. “Exactly how much growth we can expect next year will depend in part on how Congress and the president resolve the fiscal cliff issue. Consumers hate uncertainty, so an agreement on ways to reduce long-term federal budget deficits could remove an impediment to growth.”
Inventory
Units @
Nov. 31, 2012
Days Supply (selling day adjusted)
Units @
Oct. 31, 2012
Days Supply (selling day adjusted)
All Vehicles
788,194
106
739,034
98
Full-size Pickups
245,853
139
235,585
110

Industry Sales
Nov. SAAR (est.)
CYTD SAAR (est.)
Full Year 2012 (est.)
Light Vehicles
15.3 million range
14.4 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.






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

2,011

%Change Volume

 
2,012

2,011

%Change Volume

 
 
Enclave
4,817

3,924

22.8

 
50,651

52,837

(4.1
)
 
 
LaCrosse
3,797

4,008

(5.3
)
 
53,002

53,114

(0.2
)
 
 
Lucerne

824

***.*

 
970

19,646

(95.1
)
 
 
Regal
1,101

2,120

(48.1
)
 
23,090

37,058

(37.7
)
 
 
Verano
3,574

4

***.*

 
36,222

4

***.*

 
 
Buick Total
13,289

10,880

22.1

 
163,935

162,659

0.8

 
 
ATS
2,152


***.*

 
4,029


***.*

 
 
CTS
2,798

3,804

(26.4
)
 
43,607

49,622

(12.1
)
 
 
DTS
2

264

(99.2
)
 
465

11,423

(95.9
)
 
 
Escalade
960

1,274

(24.6
)
 
11,244

13,189

(14.7
)
 
 
Escalade ESV
693

777

(10.8
)
 
7,156

7,269

(1.6
)
 
 
Escalade EXT
156

196

(20.4
)
 
1,678

1,774

(5.4
)
 
 
SRX
5,340

4,736

12.8

 
51,085

49,581

3.0

 
 
STS
2

94

(97.9
)
 
160

3,260

(95.1
)
 
 
XLR


***.*

 

12

***.*

 
 
XTS
2,414


***.*

 
12,110


***.*

 
 
Cadillac Total
14,517

11,145

30.3

 
131,534

136,130

(3.4
)
 
 
Avalanche
1,778

1,857

(4.3
)
 
21,258

17,542

21.2

 
 
Aveo
1

30

(96.7
)
 
64

28,577

(99.8
)
 
 
Camaro
4,464

5,127

(12.9
)
 
78,554

81,495

(3.6
)
 
 
Caprice
281

167

68.3

 
3,489

781

346.7

 
 
Captiva Sport
3,672

2,915

26.0

 
34,228

5,055

577.1

 
 
Cobalt

1

***.*

 
11

851

(98.7
)
 
 
Colorado
1,327

1,978

(32.9
)
 
35,547

28,056

26.7

 
 
Corvette
1,104

910

21.3

 
12,841

12,126

5.9

 
 
Cruze
16,807

13,238

27.0

 
216,528

215,057

0.7

 
 
Equinox
16,821

14,936

12.6

 
199,070

175,079

13.7

 
 
Express
6,007

5,387

11.5

 
69,421

63,482

9.4

 
 
HHR

23

***.*

 
21

36,862

***.*

 
 
Impala
11,163

10,851

2.9

 
159,710

160,955

(0.8
)
 
 
Kodiak 4/5 Series


***.*

 

10

***.*

 
 
Malibu
10,227

10,269

(0.4
)
 
199,321

191,774

3.9

 
 
Silverado-C/K Pickup
30,674

34,251

(10.4
)
 
367,613

367,343

0.1

 
 
Sonic
5,016

4,496

11.6

 
75,257

10,035

649.9

 
 
Spark
1,709


***.*

 
10,156


***.*

 
 
Suburban (Chevy)
4,705

5,787

(18.7
)
 
42,160

43,497

(3.1
)
 
 
Tahoe
5,895

8,401

(29.8
)
 
60,302

72,097

(16.4
)
 
 
TrailBlazer


***.*

 

33

***.*

 
 
Traverse
5,697

7,144

(20.3
)
 
78,176

97,805

(20.1
)
 
 
Volt
1,519

1,139

33.4

 
20,828

6,142

239.1

 
 
Chevrolet Total
128,867

128,907


 
1,684,555

1,614,654

4.3

 
 
Acadia
3,631

4,886

(25.7
)
 
73,101

71,933

1.6

 
 
Canyon
330

462

(28.6
)
 
8,420

8,874

(5.1
)
 
 
Envoy


***.*

 

5

***.*

 
 
Savana
1,014

732

38.5

 
19,320

14,738

31.1

 
 
Sierra
11,726

11,971

(2.0
)
 
138,475

132,675

4.4

 
 
Terrain
8,158

5,654

44.3

 
86,270

75,455

14.3

 
 
Topkick 4/5 Series


***.*

 

5

***.*

 
 
Topkick 6/7/8 Series


***.*

 

8

***.*

 
 
Yukon
2,438

2,987

(18.4
)
 
23,876

30,282

(21.2
)
 
 
Yukon XL
2,535

2,778

(8.7
)
 
20,498

22,051

(7.0
)
 
 
GMC Total
29,832

29,470

1.2

 
369,960

356,026

3.9

 
 
GM Vehicle Total
186,505

180,402

3.4

 
2,349,984

2,269,469

3.5

 
 
 * 25 selling days for the November period this year and 25 for last year.