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2013 October 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) November 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
U.S. Sales Release and Charts Dated November 1, 2013






Item 8.01 Other Events

On November 1, 2013, General Motors Company issued a news release announcing October 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 November 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: November 4, 2013
By:
Thomas S. Timko
Vice President, Controller and Chief Accounting Officer




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


Exhibit 99.1

For Release: Friday, Nov. 1, 2013, 10 a.m. EDT


GM’s U.S. Sales up 16 percent in October


DETROIT - General Motors Co. (NYSE: GM) dealers delivered 226,402 vehicles in the United States in October, up 16 percent versus a year ago. Retail sales were also up 16 percent and fleet sales were up 14 percent.

“Chevrolet, Cadillac and Buick-GMC all performed well in the month, and the sales tempo really picked up after the government shutdown ended,” said Kurt McNeil, vice president, U.S. sales operations. “We are particularly pleased with our truck momentum. Chevrolet and GMC have the newest and best light duty trucks, sales are accelerating and we are gearing up for the second, third and fourth phases of our strategic truck plan.”

This month, the premium Chevrolet Silverado High Country and GMC Sierra Denali will hit showrooms, followed by a redesigned range of heavy-duty pickups in the first quarter of 2014. All-new Chevrolet, GMC and Cadillac full-size SUVs also arrive in the first quarter, and later in the year, GM will introduce clean-sheet redesigns of the Chevrolet Colorado and GMC Canyon mid-size pickups.

October Sales Highlights (vs. 2012)
•
Buick total sales increased 31 percent and retail sales were up 25 percent for the 18th consecutive month of year-over-year growth. Regal sales increased 47 percent.
•
Cadillac’s sales increased 10 percent and have grown in each of the last 13 months thanks to the all-new XTS and ATS. In addition, the SRX is on track for its best year ever. Retail sales were up 12 percent for the brand and more than 60 percent of buyers did not trade in a Cadillac.
•
GMC was up 16 percent. The Terrain had its best October sales ever.
•
Chevrolet was up 15 percent. Thirteen nameplates posted double-digit increases, including every SUV and crossover nameplate.
•
Retail sales of Chevrolet passenger cars were up 32 percent. Cruze had its best-ever October retail sales. Impala retail deliveries nearly doubled and Malibu retail sales increased 58 percent.
•
Deliveries of the Chevrolet Silverado and GMC Sierra were up 10 percent and 13 percent, respectively.

Sales of the new 2014 light duty Silverado and Sierra increased 62 percent from September 2013. They accounted for about 76 percent of GM’s light duty deliveries, per plan.

Strong calendar-year-to-date sales have helped Chevrolet and GMC earn a 30 percent share of light-duty pickups priced $40,000 or above. That is up 5 percentage points versus 2012.

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.

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

Sales Tables
 
October
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
155,214
14.7%
114,859
16.9%
GMC
38,841
15.7%
33,113
11.7%
Buick
17,555
31.2%
15,704
24.6%
Cadillac
14,792
9.5%
14,026
12.1%
Total
226,402
15.7%
177,702
16.1%
 
 
 
 
 
CYTD
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
1,648,543
6.0%
1,165,832
10.2%
GMC
372,054
9.4%
323,053
12.8%
Buick
175,058
16.2%
155,444
15.1%
Cadillac
148,206
26.7%
136,692
23.9%
Total GM
2,343,861
8.3%
1,781,021
12.0%
 
 
 
 
 
Fleet Segment
Month
YOY Change
CYTD
CYTD Change
Share of Sales
21.5%
(0.3) points
24.0%
(2.5) points
 
 
 
 
 
Inventory
Units at
Month-end
Days Supply (selling day adjusted)
Units at Previous
Month-end
Days Supply (selling day adjusted)
All Vehicles
727,812
87
670,191
82

Industry Sales
Month (est.)
CYTD (est.)
Light Vehicle SAAR
15.6 million range
15.6 million range




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

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
4,644

4,273

8.7

 
51,028

45,834

11.3

 
Encore
3,602

—

***.*

 
26,532

—

***.*

 
LaCrosse
3,850

4,139

(7.0
)
 
42,695

49,205

(13.2
)
 
Regal
2,153

1,466

46.9

 
14,920

21,989

(32.1
)
 
Verano
3,306

3,502

(5.6
)
 
39,874

32,648

22.1

 
Buick Total*
17,555

13,384

31.2

 
175,058

150,646

16.2

 
ATS
2,782

1,266

119.7

 
30,989

1,877

***.*

 
CTS
2,073

2,344

(11.6
)
 
26,483

40,809

(35.1
)
 
Escalade
1,069

990

8.0

 
10,022

10,284

(2.5
)
 
Escalade ESV
608

668

(9.0
)
 
6,524

6,463

0.9

 
Escalade EXT
137

174

(21.3
)
 
1,811

1,522

19.0

 
SRX
5,373

5,521

(2.7
)
 
45,879

45,745

0.3

 
XTS
2,750

2,540

8.3

 
26,472

9,696

173.0

 
Cadillac Total*
14,792

13,505

9.5

 
148,206

117,017

26.7

 
Avalanche
526

2,331

(77.4
)
 
16,144

19,480

(17.1
)
 
Camaro
5,669

5,122

10.7

 
70,484

74,090

(4.9
)
 
Caprice
273

343

(20.4
)
 
3,239

3,208

1.0

 
Captiva Sport
4,197

3,408

23.2

 
40,490

30,556

32.5

 
Colorado
29

1,612

(98.2
)
 
3,404

34,220

(90.1
)
 
Corvette
3,929

1,167

236.7

 
11,759

11,737

0.2

 
Cruze
16,087

19,121

(15.9
)
 
211,862

199,721

6.1

 
Equinox
17,163

15,387

11.5

 
202,583

182,249

11.2

 
Express
6,525

5,528

18.0

 
66,149

63,414

4.3

 
Impala
11,713

8,368

40.0

 
132,746

148,547

(10.6
)
 
Malibu
15,746

9,629

63.5

 
170,696

189,094

(9.7
)
 
Silverado-C/K Pickup
42,660

38,739

10.1

 
403,435

336,939

19.7

 
Sonic
6,850

5,495

24.7

 
76,499

70,241

8.9

 
Spark
2,353

2,134

10.3

 
30,677

8,447

263.2

 
Suburban (Chevy)
5,648

3,595

57.1

 
40,228

37,455

7.4

 
SS
1

—

***.*

 
1

—

***.*

 
Tahoe
7,458

4,926

51.4

 
67,584

54,407

24.2

 
Traverse
6,365

5,437

17.1

 
81,776

72,479

12.8

 
Volt
2,022

2,961

(31.7
)
 
18,782

19,309

(2.7
)
 
Chevrolet Total*
155,214

135,305

14.7

 
1,648,543

1,555,688

6.0

 
Acadia
6,882

5,613

22.6

 
74,304

69,470

7.0

 
Canyon
5

472

(98.9
)
 
923

8,090

(88.6
)
 
Savana
1,027

1,047

(1.9
)
 
12,585

18,306

(31.3
)
 
Sierra
16,503

14,568

13.3

 
152,173

126,749

20.1

 
Terrain
7,914

7,286

8.6

 
84,706

78,112

8.4

 
Yukon
3,021

2,289

32.0

 
21,928

21,438

2.3

 
Yukon XL
3,489

2,295

52.0

 
25,435

17,963

41.6

 
GMC Total
38,841

33,570

15.7

 
372,054

340,128

9.4

 
GM Vehicle Total*
226,402

195,764

15.7

 
2,343,861

2,163,479

8.3

 
27 selling days for the October period this year and 26 for last year.
 
 
 
 
 
*Totals include discontinued models: Buick Lucerne, Cadillac DTS and STS, Chevrolet Aveo, Cobalt and HHR.