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2013 June U.S. 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) July 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
U.S. Sales Release and Charts Dated July 2, 2013






Item 8.01 Other Events

On July 2, 2013, General Motors Company issued a news release announcing June 2013 U.S. sales. The release and charts are attached as Exhibit 99.1.


EXHIBIT

Exhibit
Description
Method of Filing
 
 
 
Exhibit 99.1
U.S. Sales Release and Charts Dated July 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: July 3, 2013
By:
Thomas S. Timko
Vice President, Controller and Chief Accounting Officer




2013 June U.S. Sales Press Release & Charts Exhibit 99.1


Exhibit 99.1

For Release: Tuesday, July 2, 2013, 10 a.m. EDT
 
GM Reports Highest Monthly Sales Since September 2008
Chevrolet and GMC large pickup sales up 29 percent in June; 23 percent in first half


DETROIT - General Motors Co. (NYSE: GM) sold 264,843 vehicles in the United States in June, up 6 percent compared with a year ago. Deliveries to retail customers increased 14 percent while fleet sales declined 9 percent due to the timing of customer deliveries.

Total crossover sales were up 9 percent compared with a year ago; passenger car sales were up 4 percent, and truck sales, which include pickups, vans and SUVs, were up 8 percent. All four GM brands posted higher retail sales, with Chevrolet, GMC and Cadillac posting double-digit increases.

“Our Chevrolet, Buick-GMC and Cadillac dealers reported strong retail deliveries across the board in June and for the first six months of the year,” said Kurt McNeil, vice president, U.S. Sales Operations. “We have good momentum heading into the second half of 2013: the economic outlook is solid and our launch vehicles are performing well in the marketplace.”

GM estimates that the seasonally adjusted annual selling rate for light vehicles in June was 15.8 million units, the highest level since November 2007.

“America's families are better off than they were at the beginning of the year and they believe - with good justification - that the economic expansion is going to continue,” said Mustafa Mohatarem, GM chief economist. “Even moderate economic growth will be enough to keep the auto sales rate in the second half of the year at healthy levels around the mid 15 million-unit mark.”

June Sales Highlights (vs. 2012)
•
Combined sales of GM's mini, small and compact cars were up 59 percent. Large pickups were up 29 percent, luxury car sales were up 22 percent and compact crossovers were up 8 percent.
•
Cadillac passenger car sales increased 38 percent on the strength of the all-new ATS and XTS, helping drive the brand's fastest growth since 1976.
•
Chevrolet mini, small and compact car sales were up 66 percent.
•
Total sales of the Chevrolet Silverado and GMC Sierra increased 29 percent and 33 percent respectively. Combined, dealers delivered more than 6,000 all-new 2014 crew cab models, and the “days to turn” is 10 days.
•
The Chevrolet Cruze set an all-time monthly sales record, and Chevrolet Volt and Chevrolet Sonic each had their best-ever June sales.
•
The Chevrolet Equinox had its best month ever with sales up 14 percent. Equinox deliveries have increased for 18 consecutive months.
•
Chevrolet Impala retail deliveries rose 62 percent.
•
Buick retail sales have increased for 14 consecutive months and the brand had its best June retail sales in seven years, on the strength of Buick Verano sales.





Calendar Year-to-Date Sales Highlights (vs. 2012)
•
Cadillac was the industry's fastest-growing luxury brand with a first-half sales increase of 33 percent.
•
Retail sales of GM's redesigned medium crossovers have been very strong: the Buick Enclave was up 24 percent, the Chevrolet Traverse 21 percent and the GMC Acadia 16 percent.
•
Crossover sales were up 16 percent compared with a year ago, passenger car sales were up 1 percent and truck sales were up 11 percent.
•
Large pickup sales were up 23 percent, including a 49 percent increase in Silverado and Sierra sales to small business customers, who are benefiting from the recovery in housing and overall economic growth.

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:
Tom Henderson
GM Financial Communications
313-410-2704
tom.e.henderson@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.




June 2013 Sales
 
Month
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
193,460
7.4%
128,639
13.5%
GMC
39,376
4.5%
34,445
17.2%
Buick
18,078
(4.1)%
16,052
6.3%
Cadillac
13,929
14.9%
13,129
17.7%
Total GM
264,843
6.5%
192,265
13.8%
 
 
 
 
 
CYTD
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
1,015,134
5.6%
688,630
7.8%
GMC
220,696
9.8%
189,319
13.5%
Buick
100,837
11.8%
90,165
14.9%
Cadillac
83,679
33.2%
76,066
26.6%
Total GM
1,420,346
8.0%
1,044,180
10.6%
 
 
 
 
 
Fleet Segment
Month
YOY Change
CYTD
CYTD Change
Fleet Share of Total GM Sales
27.4%
(4.7) points
26.5%
(1.7) points
 
 
 
 
 
Inventory
Units at
Month-end
Days Supply (selling day adjusted)
Units at Previous
Month-end
Days Supply (selling day adjusted)
All Vehicles
708,229
70
708,939
73
Full-size Pickups (GMT-900)
181,222
86
204,432
87

Industry Sales
Month (est.)
CYTD (est.)
GM Full-year Outlook
SAAR
15.8 million
15.4 million
15.0 - 15.5 million




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

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
5,922

5,207

13.7

 
31,841

27,866

14.3

 
Encore
2,280

—

***.*

 
12,252

—

***.*

 
LaCrosse
3,999

7,206

(44.5
)
 
24,482

30,892

(20.7
)
 
Lucerne
5

21

(76.2
)
 
9

943

(99.0
)
 
Regal
1,383

2,326

(40.5
)
 
8,820

14,828

(40.5
)
 
Verano
4,489

4,091

9.7

 
23,433

15,669

49.6

 
Buick Total
18,078

18,851

(4.1
)
 
100,837

90,198

11.8

 
ATS
3,459

—

***.*

 
19,183

—

***.*

 
CTS
2,416

5,046

(52.1
)
 
15,133

25,483

(40.6
)
 
DTS
16

79

(79.7
)
 
19

429

(95.6
)
 
Escalade
1,035

1,164

(11.1
)
 
5,677

5,994

(5.3
)
 
Escalade ESV
667

658

1.4

 
3,827

3,747

2.1

 
Escalade EXT
186

142

31.0

 
1,159

814

42.4

 
SRX
3,912

4,260

(8.2
)
 
23,990

25,450

(5.7
)
 
STS
4

22

(81.8
)
 
7

142

(95.1
)
 
XTS
2,234

753

196.7

 
14,684

753

1,850.1

 
Cadillac Total
13,929

12,124

14.9

 
83,679

62,812

33.2

 
Avalanche
1,712

1,719

(0.4
)
 
11,878

11,002

8.0

 
Aveo
—

3

***.*

 
2

56

(96.4
)
 
Camaro
7,236

9,123

(20.7
)
 
42,312

49,697

(14.9
)
 
Caprice
511

325

57.2

 
1,552

1,180

31.5

 
Captiva Sport
2,984

3,511

(15.0
)
 
24,762

17,921

38.2

 
Cobalt
—

7

***.*

 
—

11

***.*

 
Colorado
155

4,124

(96.2
)
 
3,034

21,457

(85.9
)
 
Corvette
853

1,475

(42.2
)
 
5,673

7,022

(19.2
)
 
Cruze
32,871

18,983

73.2

 
133,689

113,884

17.4

 
Equinox
23,645

20,793

13.7

 
126,397

110,890

14.0

 
Express
8,868

8,104

9.4

 
40,602

37,817

7.4

 
HHR
1

11

(90.9
)
 
3

20

(85.0
)
 
Impala
17,255

17,274

(0.1
)
 
83,382

98,495

(15.3
)
 
Malibu
21,288

31,402

(32.2
)
 
111,100

141,437

(21.4
)
 
Silverado-C/K Pickup
43,259

33,566

28.9

 
242,586

194,508

24.7

 
Sonic
7,122

6,785

5.0

 
44,905

42,240

6.3

 
Spark
3,104

—

***.*

 
17,588

—

***.*

 
Suburban (Chevy)
3,813

5,136

(25.8
)
 
21,663

23,068

(6.1
)
 
Tahoe
5,790

6,427

(9.9
)
 
40,857

33,274

22.8

 
Traverse
10,295

9,570

7.6

 
53,294

48,866

9.1

 
Volt
2,698

1,760

53.3

 
9,855

8,817

11.8

 
Chevrolet Total
193,460

180,098

7.4

 
1,015,134

961,662

5.6

 
Acadia
9,174

9,796

(6.3
)
 
46,492

42,160

10.3

 
Canyon
64

880

(92.7
)
 
876

5,641

(84.5
)
 
Savana
1,890

2,105

(10.2
)
 
8,210

12,056

(31.9
)
 
Sierra
16,568

12,479

32.8

 
87,633

72,945

20.1

 
Terrain
8,059

7,795

3.4

 
50,676

46,602

8.7

 
Yukon
1,797

2,279

(21.1
)
 
12,105

12,662

(4.4
)
 
Yukon XL
1,824

2,343

(22.2
)
 
14,704

8,975

63.8

 
GMC Total
39,376

37,677

4.5

 
220,696

201,041

9.8

 
GM Vehicle Total
264,843

248,750

6.5

 
1,420,346

1,315,713

8.0

 
26 selling days for the June period this year and 27 for last year.