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2013 May 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) June 3, 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 June 3, 2013






Item 8.01 Other Events

On June 3, 2013, General Motors Company issued a news release announcing May 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 June 3, 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: June 5, 2013
By:
Thomas S. Timko
Vice President, Controller and Chief Accounting Officer




2013 May Sales Press Release & Chart Exhibit 99.1


Exhibit 99.1

For Release: Monday, June 3, 2013, 10 a.m. EDT
 
GM Reports its Highest Monthly Sales Since September 2008

Cadillac up 38 percent in 2013; Largest increase since 1976

DETROIT - General Motors Co. (NYSE: GM) sold 252,894 vehicles in the United States in May, up 3 percent compared with a year ago. Retail sales increased 9 percent, fleet sales were down 10 percent and the fleet mix was 26 percent of total sales.

“Cadillac is growing faster than it has in almost 40 years, the pickup rebound is in full swing and we're seeing strong retail demand for our crossovers” said Kurt McNeil, vice president of U.S. sales operations. “These are all powerful signs that the gradual recovery in the economy is becoming more broad-based. That's great news for the auto industry and General Motors.”

GM's trucks sales were up 15 percent versus a year ago, including a 23 percent increase for large pickups and a 30 percent increase for large SUVs.

Crossover sales were up 3 percent. Compact crossover sales were up 10 percent and set a monthly record behind the Chevrolet Equinox, which had its best month ever. The Equinox has now posted 17 consecutive monthly sales increases.

Retail passenger car sales were up 2 percent while total sales were down 6 percent. Lower fleet sales were due primarily to the timing of customer deliveries.

May 2013 Sales
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
179,510
0.9%
124,897
5.4%
GMC
41,594
7.0%
33,814
11.5%
Buick
17,982
(3.1)%
15,897
9.9%
Cadillac
13,808
39.9%
13,050
36.6%
Total GM
252,894
3.1%
187,658
8.6%

May Highlights (vs. 2012)
•
Cadillac's 40 percent sales increase marked its best May since 2007.
•
Chevrolet had its best retail sales month since August 2009.
•
Retail sales of GM's redesigned medium crossovers were very strong: the Chevrolet Traverse was up 14 percent, and GMC Acadia and Buick Enclave were up 15 percent and 19 percent, respectively.




May Highlights (vs. 2012) - continued
•
Strong Chevrolet Spark sales and double-digit increases for the Buick Verano, Chevrolet Sonic and Cruze drove a 27 percent increase in sales of mini, small and compact cars.
•
The Chevrolet Cruze had its best May sales ever, and the Sonic had its best month ever.
•
Chevrolet dealers delivered more than 2,350 all-new 2014 Impalas.

Calendar Year-to-Date

CYTD Sales
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
821,674
5.1%
559,991
6.6%
GMC
181,320
11.0%
154,874
12.7%
Buick
82,759
16.0%
74,113
16.9%
Cadillac
69,750
37.6%
62,937
28.6%
Total GM
1,155,503
8.3%
851,915
9.9%

Calendar Year-to-Date Highlights (vs. 2012)
•
The last time Cadillac delivered a larger year-to-date sales increase was in 1976.
•
Buick retail sales have increased for 13 consecutive months.
•
Truck sales were up 12 percent, including a 22 percent increase in sales of large pickups and a 23 percent increase for large SUVs.
•
Crossover sales were up 17 percent and car sales were essentially equal to a year ago.
•
GM's fleet mix was 26 percent, which is in line with the company's full-year strategy.

Inventory
Units @
May 31
Days Supply (selling day adjusted)
Units @
April 30
Days Supply (selling day adjusted)
All Vehicles
708,939
73
720,699
76
Full-size Pickups
220,466
93
228,524
103

Industry Sales
May SAAR (est.)
Calendar Year (est.)
GM Full Year Forecast
Light Vehicles
15.4 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.




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

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
5,310

6,709

(20.9
)
 
25,919

22,659

14.4

 
Encore
2,103

—

***.*

 
9,972

—

***.*

 
LaCrosse
4,804

5,663

(15.2
)
 
20,483

23,686

(13.5
)
 
Lucerne
—

34

***.*

 
4

922

(99.6
)
 
Regal
1,607

2,550

(37.0
)
 
7,437

12,502

(40.5
)
 
Verano
4,158

3,609

15.2

 
18,944

11,578

63.6

 
Buick Total
17,982

18,565

(3.1
)
 
82,759

71,347

16.0

 
ATS
3,249

—

***.*

 
15,724

—

***.*

 
CTS
2,457

4,161

(41.0
)
 
12,717

20,437

(37.8
)
 
DTS
—

75

***.*

 
3

350

(99.1
)
 
Escalade
1,033

916

12.8

 
4,642

4,830

(3.9
)
 
Escalade ESV
695

669

3.9

 
3,160

3,089

2.3

 
Escalade EXT
200

137

46.0

 
973

672

44.8

 
SRX
3,744

3,900

(4.0
)
 
20,078

21,190

(5.2
)
 
STS
1

13

(92.3
)
 
3

120

(97.5
)
 
XTS
2,429

—

***.*

 
12,450

—

***.*

 
Cadillac Total
13,808

9,871

39.9

 
69,750

50,688

37.6

 
Avalanche
1,980

2,113

(6.3
)
 
10,166

9,283

9.5

 
Aveo
1

5

(80.0
)
 
2

53

(96.2
)
 
Camaro
7,929

9,023

(12.1
)
 
35,076

40,574

(13.6
)
 
Caprice
129

313

(58.8
)
 
1,041

855

21.8

 
Captiva Sport
5,084

3,697

37.5

 
21,778

14,410

51.1

 
Cobalt
—

—

***.*

 
—

4

***.*

 
Colorado
244

3,778

(93.5
)
 
2,879

17,333

(83.4
)
 
Corvette
905

1,219

(25.8
)
 
4,820

5,547

(13.1
)
 
Cruze
23,055

19,613

17.5

 
100,818

94,901

6.2

 
Equinox
22,918

20,238

13.2

 
102,752

90,097

14.0

 
Express
8,353

7,447

12.2

 
31,734

29,713

6.8

 
HHR
—

—

***.*

 
2

9

(77.8
)
 
Impala
10,841

15,879

(31.7
)
 
66,127

81,221

(18.6
)
 
Malibu
18,899

29,579

(36.1
)
 
89,812

110,035

(18.4
)
 
Silverado-C/K Pickup
43,283

34,555

25.3

 
199,327

160,942

23.9

 
Sonic
9,523

7,205

32.2

 
37,783

35,455

6.6

 
Spark
2,581

—

***.*

 
14,484

—

***.*

 
Suburban (Chevy)
4,753

4,577

3.8

 
17,850

17,932

(0.5
)
 
Tahoe
9,243

7,169

28.9

 
35,067

26,847

30.6

 
Traverse
8,182

9,853

(17.0
)
 
42,999

39,296

9.4

 
Volt
1,607

1,680

(4.3
)
 
7,157

7,057

1.4

 
Chevrolet Total
179,510

177,943

0.9

 
821,674

781,564

5.1

 
Acadia
8,815

9,128

(3.4
)
 
37,318

32,364

15.3

 
Canyon
88

910

(90.3
)
 
812

4,761

(82.9
)
 
Savana
1,906

2,571

(25.9
)
 
6,320

9,951

(36.5
)
 
Sierra
16,061

13,196

21.7

 
71,065

60,466

17.5

 
Terrain
7,847

8,772

(10.5
)
 
42,617

38,807

9.8

 
Yukon
1,814

2,504

(27.6
)
 
10,308

10,383

(0.7
)
 
Yukon XL
5,063

1,796

181.9

 
12,880

6,632

94.2

 
GMC Total
41,594

38,877

7.0

 
181,320

163,364

11.0

 
GM Vehicle Total
252,894

245,256

3.1

 
1,155,503

1,066,963

8.3

 
26 selling days for the May period this year and 26 for last year.