View:
Download DOC
Download PDF
Download XLS
2013 February 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) March 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
Sales Release and Charts Dated March 1, 2013






ITEM 8.01 Other Events

On March 1, 2013, General Motors Company 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 March 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/ ANNE T. LARIN
Date: March 4, 2013
By:
Anne T. Larin
Corporate Secretary




2013 February Sales Press Release & Chart Exhibit 99.1


Exhibit 99.1


For Release: Friday, March 1, 2013, 10 a.m. EST

GM's U.S. Sales Increase 7 Percent in February

DETROIT - General Motors Co. (NYSE: GM) announced today that it sold 224,314 vehicles in the United States in February, up 7 percent compared with a year ago. Retail sales and fleet sales were both up 7 percent. The fleet mix was 25 percent of total sales, equal to a year ago.

“The housing sector has now joined auto sales in propelling the U.S. economy forward,” said Kurt McNeil, vice president of U.S. sales operations. “More importantly, the recovery in new home construction is reinforcing the underlying improvement in auto buying conditions, especially for pickups.

“Light vehicle sales have now been running at a mid-15 million unit annual rate since November,” he added. “This sets us up well for the launches of key new products this year, including an all-new generation of Chevrolet and GMC full-size pickups and an all-new Chevrolet Impala and Cadillac CTS.”

The Cadillac CTS, along with the redesigned Buick LaCrosse and Regal, will be unveiled at the New York International Auto Show later this month.

Highlights
•
All four GM brands posted higher year-over-year sales: Cadillac was up 20 percent; Buick was up 15 percent; GMC was up 10 percent, and Chevrolet was up 5 percent.
•
Crossover sales increased 17 percent and compact crossovers had their best month ever; truck sales were up 14 percent and car sales were down 4 percent.
•
Sales of GM's full-size pickups were up 28 percent to 58,039 units.
•
The Chevrolet Equinox, GMC Terrain and the redesigned Buick Enclave had their best-ever February sales.
•
The Chevrolet Spark and Cadillac ATS had their best sales months yet.

Highlights
Feb. Total Sales
Total Change vs. Feb. 2012
Feb. Retail Sales
Retail Change vs. Feb. 2012
CYTD Sales
CYTD vs. 2012
CYTD Retail Sales
CYTD Retail Sales vs. 2012
Chevrolet
158,541
4.9%
109,188
4.1%
295,845
7.6%
201,582
10.1%
GMC
35,778
9.8%
31,257
13.5%
66,594
15.7%
59,721
21.4%
Buick
16,150
15.2%
14,951
13.2%
29,613
22.2%
27,369
20.4%
Cadillac
13,845
20.3%
12,571
12.5%
26,961
32%
24,912
27.4%
Total GM
224,314
7.2%
167,967
7.1%
419,013
11.1%
313,584
14.2%





Inventory
Units @
Feb. 28, 2013
Days Supply (selling day adjusted)
Units @
Jan. 31, 2013
Days Supply (selling day adjusted)
All Vehicles
742,887
79
737,885
95
Full-size Pickups
234,695
97
234,342
117


Industry Sales
Feb. SAAR (est.)
Calendar Year (est.)
Light Vehicles
15.5 million range
15.0 - 15.5 million range








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.





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

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
5,241

4,167

25.8

 
10,136

7,291

39.0

 
Encore
1,597

—

***.*

 
1,950

—

***.*

 
LaCrosse
3,667

5,228

(29.9
)
 
7,215

9,241

(21.9
)
 
Lucerne
—

304

***.*

 
2

725

(99.7
)
 
Regal
1,474

2,636

(44.1
)
 
2,479

4,491

(44.8
)
 
Verano
4,171

1,688

147.1

 
7,831

2,483

215.4

 
Buick Total
16,150

14,023

15.2

 
29,613

24,231

22.2

 
ATS
3,382

—

***.*

 
6,163

—

***.*

 
CTS
2,566

4,570

(43.9
)
 
5,071

7,589

(33.2
)
 
DTS
—

68

***.*

 
3

157

(98.1
)
 
Escalade
846

1,011

(16.3
)
 
1,703

1,996

(14.7
)
 
Escalade ESV
582

690

(15.7
)
 
1,100

1,221

(9.9
)
 
Escalade EXT
191

150

27.3

 
363

258

40.7

 
SRX
4,108

4,983

(17.6
)
 
8,488

9,149

(7.2
)
 
STS
1

33

(97.0
)
 
1

59

(98.3
)
 
XTS
2,169

—

***.*

 
4,069

—

***.*

 
Cadillac Total
13,845

11,505

20.3

 
26,961

20,429

32.0

 
Avalanche
2,263

1,794

26.1

 
4,202

3,411

23.2

 
Aveo
—

17

***.*

 
—

33

***.*

 
Camaro
6,171

6,923

(10.9
)
 
11,096

12,632

(12.2
)
 
Caprice
201

155

29.7

 
438

247

77.3

 
Captiva Sport
3,867

2,289

68.9

 
7,803

4,550

71.5

 
Cobalt
—

2

***.*

 
—

3

***.*

 
Colorado
828

3,532

(76.6
)
 
1,650

6,404

(74.2
)
 
Corvette
980

927

5.7

 
1,888

1,556

21.3

 
Cruze
17,947

20,427

(12.1
)
 
32,471

35,476

(8.5
)
 
Equinox
20,649

17,851

15.7

 
37,872

31,513

20.2

 
Express
5,504

5,257

4.7

 
9,466

9,789

(3.3
)
 
HHR
1

1

—

 
2

5

(60.0
)
 
Impala
15,424

15,333

0.6

 
29,577

31,342

(5.6
)
 
Malibu
14,817

19,987

(25.9
)
 
30,640

34,663

(11.6
)
 
Silverado-C/K Pickup
41,643

32,297

28.9

 
77,088

59,147

30.3

 
Sonic
6,025

7,900

(23.7
)
 
13,202

13,612

(3.0
)
 
Spark
2,836

—

***.*

 
5,244

—

***.*

 
Suburban (Chevy)
3,745

3,304

13.3

 
6,037

6,239

(3.2
)
 
Tahoe
5,316

4,212

26.2

 
8,935

8,207

8.9

 
Traverse
8,698

7,966

9.2

 
15,468

14,606

5.9

 
Volt
1,626

1,023

58.9

 
2,766

1,626

70.1

 
Chevrolet Total
158,541

151,197

4.9

 
295,845

275,061

7.6

 
Acadia
6,628

6,630

—

 
11,816

11,500

2.7

 
Canyon
180

1,064

(83.1
)
 
482

2,123

(77.3
)
 
Savana
886

2,126

(58.3
)
 
1,930

2,964

(34.9
)
 
Sierra
14,133

11,306

25.0

 
26,979

20,823

29.6

 
Terrain
9,802

8,086

21.2

 
18,352

13,735

33.6

 
Yukon
2,572

2,125

21.0

 
4,262

4,147

2.8

 
Yukon XL
1,577

1,244

26.8

 
2,773

2,255

23.0

 
GMC Total
35,778

32,581

9.8

 
66,594

57,547

15.7

 
GM Vehicle Total
224,314

209,306

7.2

 
419,013

377,268

11.1

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