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2013 April 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) May 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 May 1, 2013






Item 8.01 Other Events

On May 1, 2013, General Motors Company issued a news release announcing April 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 May 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/ THOMAS S. TIMKO
Date: May 3, 2013
By:
Thomas S. Timko
Vice President, Controller and Chief Accounting Officer




2013 April Sales Press Release & Chart Exhibit 99.1


Exhibit 99.1

For Release: Wednesday, May 1, 2013, 10 a.m. EDT
 
GM's U.S. Sales up 11 percent for Best April in Five Years

Cadillac and Buick sales continue to surge on new models

DETROIT - General Motors Co. (NYSE: GM) sold 237,646 vehicles in the United States in April, up 11 percent compared with a year ago. Retail sales increased 10 percent, fleet sales were up 16 percent and the fleet mix was 28 percent of total sales.

“Car-buying conditions are strong and will continue to release pent-up demand,” said Kurt McNeil, vice president of U.S. sales operations. “We're very optimistic because GM's market share is growing, the economy continues to move forward and important car and truck launches are just getting underway.”

Chevrolet dealers began receiving their first shipments of the all-new 2014 Impala in mid-April, and the all-new 2014 Chevrolet Silverado 1500 and GMC Sierra 1500 crew cabs will begin arriving in dealerships in the next several weeks. Buick is launching redesigns of the Regal and LaCrosse in late summer and Cadillac will launch an all-new CTS luxury sedan in the fall.

April Highlights (vs. 2012)
•
All four GM brands posted higher total and retail sales.
•
Crossovers were up 13 percent; trucks, which include pickups, vans and SUVs, were up 17 percent; and car sales were up 6 percent.
•
Large pickups were up 23 percent.
•
Strong sales of the all-new Chevrolet Spark and double-digit sales increases for the Buick Verano, the Chevrolet Sonic and the Chevrolet Cruze drove a 31 percent increase in sales of GM mini, small and compact cars.
•
The new Chevrolet Malibu achieved its best sales and retail segment share since launch.

April Highlights
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
172,460
10.9%
115,173
9.0%
GMC
34,799
6.7%
29,720
8.0%
Buick
17,157
11.1%
14,928
10.3%
Cadillac
13,230
34.3%
11,863
24.5%
Total GM
237,646
11.4%
171,684
9.9%

Calendar Year to Date Highlights (vs. 2012)
•
Cadillac was the industry's fastest-growing volume brand in the first quarter, and April's results bring the brand's year-to-date sales increase to 37 percent.




•
Through April, Buick total sales are up 23 percent. Retail sales are up 19 percent and have increased for 12 consecutive months year over year.
•
Sales to small business customers totaled 57,030 units, which is up 32 percent.
•
Chevrolet had its best-ever year-to-date crossover sales, driven by a 14 percent increase for Equinox and an 18 percent increase for the redesigned Traverse.
•
GM's large pickup sales are up 21 percent and GM's estimated retail segment share is up more than 1 percentage point and its total share is up almost a point.
•
GM's fleet mix is 26 percent.

CYTD Highlights
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
642,164
6.4%
435,094
6.9%
GMC
139,726
12.2%
121,060
13.1%
Buick
64,777
22.7%
58,216
19.0%
Cadillac
55,942
37.1%
49,887
26.7%
Total GM
902,609
9.8%
664,257
10.3%

Inventory
Units @
April 30
Days Supply (selling day adjusted)
Units @
March 31
Days Supply
(selling day adjusted)
All Vehicles
720,699
76
743,786
82
Full-size Pickups
228,524
103
239,718
117

Industry Sales
April SAAR (est.)
Calendar Year (est.)
GM Full Year Forecast
Light Vehicles
15.0 million range
15.2 million
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.




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

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
4,797

5,000

(4.1
)
 
20,609

15,950

29.2

 
Encore
2,916

—

***.*

 
7,869

—

***.*

 
LaCrosse
4,307

4,545

(5.2
)
 
15,679

18,023

(13.0
)
 
Lucerne
—

60

***.*

 
4

888

(99.5
)
 
Regal
1,746

2,852

(38.8
)
 
5,830

9,952

(41.4
)
 
Verano
3,391

2,989

13.4

 
14,786

7,969

85.5

 
Buick Total
17,157

15,446

11.1

 
64,777

52,782

22.7

 
ATS
2,725

—

***.*

 
12,475

—

***.*

 
CTS
2,398

4,202

(42.9
)
 
10,260

16,276

(37.0
)
 
DTS
—

39

***.*

 
3

275

(98.9
)
 
Escalade
919

908

1.2

 
3,609

3,914

(7.8
)
 
Escalade ESV
619

543

14.0

 
2,465

2,420

1.9

 
Escalade EXT
199

141

41.1

 
773

535

44.5

 
SRX
3,478

3,998

(13.0
)
 
16,334

17,290

(5.5
)
 
STS
1

20

(95.0
)
 
2

107

(98.1
)
 
XTS
2,891

—

***.*

 
10,021

—

***.*

 
Cadillac Total
13,230

9,851

34.3

 
55,942

40,817

37.1

 
Avalanche
1,927

1,676

15.0

 
8,186

7,170

14.2

 
Aveo
1

6

(83.3
)
 
1

48

(97.9
)
 
Camaro
7,949

9,627

(17.4
)
 
27,147

31,551

(14.0
)
 
Caprice
233

174

33.9

 
912

542

68.3

 
Captiva Sport
4,315

3,493

23.5

 
16,694

10,713

55.8

 
Cobalt
—

1

***.*

 
—

4

***.*

 
Colorado
425

3,499

(87.9
)
 
2,635

13,555

(80.6
)
 
Corvette
974

1,396

(30.2
)
 
3,915

4,328

(9.5
)
 
Cruze
22,032

18,205

21.0

 
77,763

75,288

3.3

 
Equinox
20,965

18,282

14.7

 
79,834

69,859

14.3

 
Express
7,850

6,599

19.0

 
23,381

22,266

5.0

 
HHR
—

—

***.*

 
2

9

(77.8
)
 
Impala
10,943

14,965

(26.9
)
 
55,286

65,342

(15.4
)
 
Malibu
21,734

21,906

(0.8
)
 
70,913

80,456

(11.9
)
 
Silverado-C/K Pickup
39,395

30,749

28.1

 
156,044

126,387

23.5

 
Sonic
8,151

6,387

27.6

 
28,260

28,250

—

 
Spark
3,121

—

***.*

 
11,903

—

***.*

 
Suburban (Chevy)
3,682

3,463

6.3

 
13,097

13,355

(1.9
)
 
Tahoe
9,052

5,845

54.9

 
25,824

19,678

31.2

 
Traverse
8,405

7,752

8.4

 
34,817

29,443

18.3

 
Volt
1,306

1,462

(10.7
)
 
5,550

5,377

3.2

 
Chevrolet Total
172,460

155,487

10.9

 
642,164

603,621

6.4

 
Acadia
6,681

6,087

9.8

 
28,503

23,236

22.7

 
Canyon
88

787

(88.8
)
 
724

3,851

(81.2
)
 
Savana
1,529

2,342

(34.7
)
 
4,414

7,380

(40.2
)
 
Sierra
14,208

12,598

12.8

 
55,004

47,270

16.4

 
Terrain
7,964

7,839

1.6

 
34,770

30,035

15.8

 
Yukon
1,577

1,762

(10.5
)
 
8,494

7,879

7.8

 
Yukon XL
2,752

1,188

131.6

 
7,817

4,836

61.6

 
GMC Total
34,799

32,603

6.7

 
139,726

124,487

12.2

 
GM Vehicle Total
237,646

213,387

11.4

 
902,609

821,707

9.8

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