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2013 November 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) December 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
U.S. Sales Release and Charts Dated December 3, 2013






Item 8.01 Other Events

On December 3, 2013, General Motors Company issued a news release announcing November 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 December 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: December 4, 2013
By:
Thomas S. Timko
Vice President, Controller and Chief Accounting Officer




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


Exhibit 99.1

For Release: Tuesday, Dec. 3, 2013, 10 a.m. EST


GM’s U.S. Retail Sales Up 19 percent in November


DETROIT - General Motors Co. (NYSE: GM) dealers delivered 212,060 vehicles in the United States in November, up 14 percent versus a year ago and the highest November sales in six years. Retail sales were up 19 percent and fleet sales were down 3 percent.

“November sales were strong at all four of our brands, and demand was robust for everything from cars to crossovers to the industry’s newest and best full-size pickups,” said Kurt McNeil, vice president, U.S. sales operations. “The sheer number of award-winning new models we have helped us grow faster than the industry for the second month in a row.”
 
GM’s product momentum will continue unabated. For example, the all-new 2014 Cadillac CTS, which is building availability, was recently named Motor Trend’s Car of the Year, an Automobile Magazine “All Star” and one of Car and Driver’s 10 Best cars.

Cadillac will also launch an all-new Escalade and the ELR in early 2014. In addition, Chevrolet and GMC are launching all-new heavy-duty pickups and large SUVs in the first quarter. Chevrolet also unveiled the Colorado, its new, highly acclaimed midsize pickup, at the Los Angeles International Auto Show. The Colorado goes on sale in the fall of 2014.

November Sales Highlights (vs. 2012)
•
Chevrolet sales were up 13 percent and retail deliveries were up 20 percent.
•
Sales of Chevrolet cars increased 19 percent, with Malibu up 41 percent, Volt up 26 percent, Impala up 20 percent and Camaro up 14 percent. Retail deliveries of the Cruze were up 39 percent and Impala more than doubled.
•
The Chevrolet Cruze, Equinox and Volt had their best November sales ever.
•
Sales of the Chevrolet Tahoe were up 23 percent, the Traverse was up 21 percent and the Silverado was up 12 percent.
•
GMC sales were up 20 percent, with the Sierra up 22 percent and the Acadia crossover up 108 percent, which keeps it on track for its best year ever.
•
Small business sales were up 38 percent, including a 76-percent increase in pickup deliveries. Commercial fleet deliveries increased 18 percent.
•
Buick deliveries increased 13 percent and the brand is on track for its best year since 2005. November was Buick’s 19th consecutive month of year-over-year retail sales growth.
•
Cadillac sales increased 11 percent and retail sales have grown in each of the past 18 months, driven by the success of the new XTS and ATS.





“We feel good about the direction of the economy and our own momentum,” McNeil said. “The economy is creating jobs and household wealth. Energy costs are dropping and credit is available and affordable. All of this bodes well for future growth.”

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
 
November
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
145,089
12.6%
106,767
20.5%
GMC
35,727
19.8%
31,334
24.8%
Buick
15,072
13.4%
14,332
17.2%
Cadillac
16,172
11.4%
14,222
5.0%
Total
212,060
13.7%
166,655
19.4%
 
 
 
 
 
CYTD
Total Sales
YOY Change
Retail Sales
YOY Change
Chevrolet
1,793,632
6.5%
1,272,599
11.0%
GMC
407,781
10.2%
354,387
13.8%
Buick
190,130
16.0%
169,776
15.2%
Cadillac
164,378
25.0%
150,914
21.9%
Total GM
2,555,921
8.8%
1,947,676
12.6%
 
 
 
 
 
Fleet Segment
Month
YOY Change
CYTD
CYTD Change
Share of Sales
21.4%
(3.8) points
23.8%
(2.6) points
 
 
 
 
 
Inventory
Units at
Month-end
Days Supply (selling day adjusted)
Units at Previous
Month-end
Days Supply (selling day adjusted)
All Vehicles
779,517
96
727,812
87

Industry Sales
Month (est.)
CYTD (est.)
Light Vehicle SAAR
Above 16 million
15.6 million range





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

2012

%Change Volume

 
2013

2012

%Change Volume

 
Enclave
4,687

4,817

(2.7
)
 
55,715

50,651

10.0

 
Encore
2,663

—

***.*

 
29,195

—

***.*

 
LaCrosse
2,980

3,797

(21.5
)
 
45,675

53,002

(13.8
)
 
Regal
2,018

1,101

83.3

 
16,938

23,090

(26.6
)
 
Verano
2,724

3,574

(23.8
)
 
42,598

36,222

17.6

 
Buick Total*
15,072

13,289

13.4

 
190,130

163,935

16.0

 
ATS
3,443

2,152

60.0

 
34,432

4,029

754.6

 
CTS
2,643

2,798

(5.5
)
 
29,126

43,607

(33.2
)
 
Escalade
1,100

960

14.6

 
11,122

11,244

(1.1
)
 
Escalade ESV
651

693

(6.1
)
 
7,175

7,156

0.3

 
Escalade EXT
95

156

(39.1
)
 
1,906

1,678

13.6

 
SRX
4,823

5,340

(9.7
)
 
50,702

51,085

(0.7
)
 
XTS
3,417

2,414

41.5

 
29,889

12,110

146.8

 
Cadillac Total*
16,172

14,517

11.4

 
164,378

131,534

25.0

 
Avalanche
255

1,778

(85.7
)
 
16,399

21,258

(22.9
)
 
Camaro
5,068

4,464

13.5

 
75,552

78,554

(3.8
)
 
Caprice
248

281

(11.7
)
 
3,487

3,489

(0.1
)
 
Captiva Sport
4,476

3,672

21.9

 
44,966

34,228

31.4

 
Colorado
6

1,327

(99.5
)
 
3,410

35,547

(90.4
)
 
Corvette
2,527

1,104

128.9

 
14,286

12,841

11.3

 
Cruze
18,200

16,807

8.3

 
230,062

216,528

6.3

 
Equinox
18,397

16,821

9.4

 
220,980

199,070

11.0

 
Express
5,779

6,007

(3.8
)
 
71,928

69,421

3.6

 
Impala
13,418

11,163

20.2

 
146,164

159,710

(8.5
)
 
Malibu
14,405

10,227

40.9

 
185,101

199,321

(7.1
)
 
Silverado-C/K Pickup
34,386

30,674

12.1

 
437,821

367,613

19.1

 
Sonic
4,712

5,016

(6.1
)
 
81,211

75,257

7.9

 
Spark
1,741

1,709

1.9

 
32,418

10,156

219.2

 
Suburban (Chevy)
5,212

4,705

10.8

 
45,440

42,160

7.8

 
SS
178

—

***.*

 
179

—

***.*

 
Tahoe
7,272

5,895

23.4

 
74,856

60,302

24.1

 
Traverse
6,889

5,697

20.9

 
88,665

78,176

13.4

 
Volt
1,920

1,519

26.4

 
20,702

20,828

(0.6
)
 
Chevrolet Total*
145,089

128,867

12.6

 
1,793,632

1,684,555

6.5

 
Acadia
7,566

3,631

108.4

 
81,870

73,101

12.0

 
Canyon
4

330

(98.8
)
 
927

8,420

(89.0
)
 
Savana
1,532

1,014

51.1

 
14,117

19,320

(26.9
)
 
Sierra
14,362

11,726

22.5

 
166,535

138,475

20.3

 
Terrain
6,821

8,158

(16.4
)
 
91,527

86,270

6.1

 
Yukon
2,777

2,438

13.9

 
24,705

23,876

3.5

 
Yukon XL
2,665

2,535

5.1

 
28,100

20,498

37.1

 
GMC Total
35,727

29,832

19.8

 
407,781

369,960

10.2

 
GM Vehicle Total*
212,060

186,505

13.7

 
2,555,921

2,349,984

8.8

 
26 selling days for the November period this year and 25 for last year.
 
 
 
 
*Totals include discontinued models: Buick Lucerne, Cadillac DTS and STS, Chevrolet Aveo, Cobalt and HHR.