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2013 March 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) April 2, 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 April 2, 2013






Item 8.01 Other Events

On April 2, 2013, General Motors Company issued a news release announcing March 2013 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 April 2, 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/ THOMAS S. TIMKO
Date: April 3, 2013
By:
Thomas S. Timko
Vice President, Controller and Chief Accounting Officer




2013 March Sales Press Release & Chart Exhibit 99.1


Exhibit 99.1

For Release: Tuesday, April 2, 2013, 10 a.m. EDT
 
GM Reports its Best March Sales in Five Years

Cadillac sales up almost 50 percent on new models

DETROIT - General Motors Co. (NYSE: GM) sold 245,950 vehicles in the United States in March, up 6 percent compared with a year ago. Retail sales increased 4 percent, fleet sales were up 12 percent and the fleet mix was 27 percent of total sales.

“GM delivered its best March sales in five years thanks to a strengthening economy and new products, and we are expecting our third consecutive increase in market share versus last year,” said Kurt McNeil, vice president of U.S. sales operations. “Sales of smaller cars have been robust for some time. Trucks have improved in lockstep with the housing market and the strength of the crossover market signals that America's families are more confident about their financial health.”

March Highlights (vs. 2012)
•
Cadillac was up almost 50 percent; Buick was up 37 percent; GMC was up 12 percent; and Chevrolet sales were essentially equal to a year ago.
•
Crossovers were up 31 percent; trucks, which include pickups, vans and SUVs, were up 2 percent; car sales were down 3 percent; large pickup sales were up 6 percent.
•
Small business sales, which are included in retail sales, were up 32 percent to almost 15,000 deliveries, aided by a stronger housing market.
•
Sales of GM's redesigned mid-size crossovers were up 62 percent. The Chevrolet Traverse was up 54 percent; the GMC Acadia was up 77 percent, and the Buick Enclave was up 55 percent for its best-ever March sales.
•
The all-new Cadillac ATS had its best sales month yet with deliveries of 3,587 units.
•
In its second full month, the all-new Buick Encore had sales of more than 3,000 units, driving a 19 percent increase in GM small and compact crossover sales.

March Highlights
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
173,859
0.5%
118,339
0.2%
GMC
38,333
11.6%
31,619
4.2%
Buick
18,007
37.4%
15,919
25.9%
Cadillac
15,751
49.5%
13,112
27.3%
Total GM
245,950
6.4%
178,989
4.4%






First Quarter Highlights (vs. 2012)
•
GM sales were up 9 percent: retail sales were up 10 percent; fleet sales were up 6 percent, and fleet mix was 26 percent of total sales.
•
Cadillac was up 38 percent; Buick was up 28 percent; GMC was up 14 percent, and Chevrolet was up 5 percent.
•
Crossovers were up 25 percent; trucks were up 10 percent and cars were up slightly.
•
Large pickup trucks were up 21 percent, and combined mini, small and compact cars were up 14 percent.

Q1 Highlights
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
469,704
4.8%
319,921
6.2%
GMC
104,927
14.2%
91,340
14.9%
Buick
47,620
27.5%
43,288
22.4%
Cadillac
42,712
37.9%
38,024
27.4%
Total GM
664,963
9.3%
492,573
10.4%

Inventory
Units @
March 31
Days Supply (selling day adjusted)
Units @
Feb. 28
Days Supply (selling day adjusted)
All Vehicles
743,786
82
742,887
79
Full-size Pickups
239,718
117
234,695
97

Industry Sales
March SAAR (est.)
Calendar Year (est.)
Light Vehicles
15.2 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, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling brands. 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
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.




 
March
 
(Calendar Year-to-Date)
March - March
 
 
2013

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
5,676

3,659

55.1

 
15,812

10,950

44.4

 
Encore
3,003

—

***.*

 
4,953

—

***.*

 
LaCrosse
4,157

4,237

(1.9
)
 
11,372

13,478

(15.6
)
 
Lucerne
2

103

(98.1
)
 
4

828

(99.5
)
 
Regal
1,605

2,609

(38.5
)
 
4,084

7,100

(42.5
)
 
Verano
3,564

2,497

42.7

 
11,395

4,980

128.8

 
Buick Total
18,007

13,105

37.4

 
47,620

37,336

27.5

 
ATS
3,587

—

***.*

 
9,750

—

***.*

 
CTS
2,791

4,485

(37.8
)
 
7,862

12,074

(34.9
)
 
DTS
—

79

***.*

 
3

236

(98.7
)
 
Escalade
987

1,010

(2.3
)
 
2,690

3,006

(10.5
)
 
Escalade ESV
746

656

13.7

 
1,846

1,877

(1.7
)
 
Escalade EXT
211

136

55.1

 
574

394

45.7

 
SRX
4,368

4,143

5.4

 
12,856

13,292

(3.3
)
 
STS
—

28

***.*

 
1

87

(98.9
)
 
XTS
3,061

—

***.*

 
7,130

—

***.*

 
Cadillac Total
15,751

10,537

49.5

 
42,712

30,966

37.9

 
Avalanche
2,057

2,083

(1.2
)
 
6,259

5,494

13.9

 
Aveo
—

9

***.*

 
—

42

***.*

 
Camaro
8,102

9,292

(12.8
)
 
19,198

21,924

(12.4
)
 
Caprice
241

121

99.2

 
679

368

84.5

 
Captiva Sport
4,576

2,670

71.4

 
12,379

7,220

71.5

 
Cobalt
—

—

***.*

 
—

3

***.*

 
Colorado
560

3,652

(84.7
)
 
2,210

10,056

(78.0
)
 
Corvette
1,053

1,376

(23.5
)
 
2,941

2,932

0.3

 
Cruze
23,260

21,607

7.7

 
55,731

57,083

(2.4
)
 
Equinox
20,997

20,064

4.7

 
58,869

51,577

14.1

 
Express
6,065

5,878

3.2

 
15,531

15,667

(0.9
)
 
HHR
—

4

***.*

 
2

9

(77.8
)
 
Impala
14,766

19,035

(22.4
)
 
44,343

50,377

(12.0
)
 
Malibu
18,539

23,887

(22.4
)
 
49,179

58,550

(16.0
)
 
Silverado-C/K Pickup
39,561

36,491

8.4

 
116,649

95,638

22.0

 
Sonic
6,907

8,251

(16.3
)
 
20,109

21,863

(8.0
)
 
Spark
3,538

—

***.*

 
8,782

—

***.*

 
Suburban (Chevy)
3,378

3,653

(7.5
)
 
9,415

9,892

(4.8
)
 
Tahoe
7,837

5,626

39.3

 
16,772

13,833

21.2

 
Traverse
10,944

7,085

54.5

 
26,412

21,691

21.8

 
Volt
1,478

2,289

(35.4
)
 
4,244

3,915

8.4

 
Chevrolet Total
173,859

173,073

0.5

 
469,704

448,134

4.8

 
Acadia
10,006

5,649

77.1

 
21,822

17,149

27.2

 
Canyon
154

941

(83.6
)
 
636

3,064

(79.2
)
 
Savana
955

2,074

(54.0
)
 
2,885

5,038

(42.7
)
 
Sierra
13,817

13,849

(0.2
)
 
40,796

34,672

17.7

 
Terrain
8,454

8,461

(0.1
)
 
26,806

22,196

20.8

 
Yukon
2,655

1,970

34.8

 
6,917

6,117

13.1

 
Yukon XL
2,292

1,393

64.5

 
5,065

3,648

38.8

 
GMC Total
38,333

34,337

11.6

 
104,927

91,884

14.2

 
GM Vehicle Total
245,950

231,052

6.4

 
664,963

608,320

9.3

 
 * 27 selling days for the March period this year and 28 for last year.