GM September sales up 4 percent

[1931Chevy]

http://www.gm.com/corporate/investor...prod/index.jsp
DETROIT – GM dealers in the United States delivered 337,640 vehicles in September, up 4 percent compared with a year ago. The company's 255,274 retail deliveries were up more than 7 percent.

For the second consecutive month GM bucked industry trends, led by brisk retail sales of full-size trucks, mid-utility crossovers, the Cadillac CTS and Chevrolet Cobalt.

"Our market share performance of more than 25 percent over the last quarter demonstrates strong consumer acceptance of our new products and the continued progress we've made in our North America turnaround strategy," said Mark LaNeve, GM North America vice president, Vehicle Sales, Service and Marketing. "Our industry-leading truck lineup continued its strong performance, and we were particularly pleased by our performance in passenger cars, led by the fuel-efficient Chevy Cobalt and all-new Cadillac CTS. The CTS had its best-ever September performance with more than 5,400 vehicles sold, a testament to the power of the all-new model."

The company continues transforming its North American business with overall incentive spending flat compared with a year ago. September inventories were down about 100,000 vehicles to approximately 900,000 vehicles. Fleet deliveries were down, as planned, by more than 6 percent.

"Our retail share, which has been stable for two years, improved in Q3 with all three months solid from a share standpoint," LaNeve added. "For the second consecutive month, we posted good retail volume despite a challenging industry. To build on that retail strength, we're gearing up for the all-new Chevrolet Malibu launch later this month and are encouraging folks to try our pickups and SUVs as part of the Truck Month sales event."

Cadillac CTS total sales surged ahead 74 percent, compared with year-ago performance, due to the strength of the all-new CTS, now in showrooms. GMC Acadia, Saturn OUTLOOK and Buick Enclave together had total sales of nearly 13,000 vehicles, pushing the significant increase in GM's mid-crossover segment. Total sales of the fuel-efficient Cobalt were up more than 35 percent compared with last September.

Other vehicles with retail sales increases, compared with year-ago levels, include: Chevrolet Aveo, Impala, Silverado, Tahoe, Suburban, HHR and Equinox; Saturn AURA and VUE; GMC Sierra, Yukon and Yukon XL; Cadillac Escalade; Pontiac G5, G6 and Torrent; Buick Lucerne and Saab 9-3.

An increasing number of consumers cite warranty coverage as a reason for buying a new GM vehicle. GM's 5 Year/100,000 Mile Powertrain Limited Warranty continues to be a better choice for customers. GM's coverage focuses on the complete ownership experience and includes other provisions that competitors do not offer, including transferability to the next owner, more complete coverage of parts, and coverage for new and certified used vehicles. In addition, GM offers superior complementary programs, such as courtesy transportation and roadside assistance. "GM provides the best coverage in the industry and takes care of the vehicle and the owner like no other vehicle manufacturer," LaNeve added.

[Perian]

GM Reports 337,640 September Deliveries, Up 4 Percent Compared With 2006

(Monthly comparison percentages are adjusted for sales days unless noted. Annual and calendar year-to-date comparisons are unadjusted.)

Chevrolet, GMC, Cadillac and Saturn All Increased Sales Year-Over-Year
Buick 6 Percent Retail Sales Increase Led By Red-Hot Enclave Crossover
Full-Size Utilities, Pickups and Crossovers Post Significant Gains
All-New CTS Drives Cadillac To Best Month Of 2007
DETROIT - GM dealers in the United States delivered 337,640 vehicles in September, up 4 percent compared with a year ago. The company's 255,274 retail deliveries were up more than 7 percent.

For the second consecutive month GM bucked industry trends, led by brisk retail sales of full-size trucks, mid-utility crossovers, the Cadillac CTS and Chevrolet Cobalt.

"Our market share performance of more than 25 percent over the last quarter demonstrates strong consumer acceptance of our new products and the continued progress we've made in our North America turnaround strategy," said Mark LaNeve, GM North America vice president, Vehicle Sales, Service and Marketing. "Our industry-leading truck lineup continued its strong performance, and we were particularly pleased by our performance in passenger cars, led by the fuel-efficient Chevy Cobalt and all-new Cadillac CTS. The CTS had its best-ever September performance with more than 5,400 vehicles sold, a testament to the power of the all-new model."

The company continues transforming its North American business with overall incentive spending flat compared with a year ago. September inventories were down about 100,000 vehicles to approximately 900,000 vehicles. Fleet deliveries were down, as planned, by more than 6 percent.

"Our retail share, which has been stable for two years, improved in Q3 with all three months solid from a share standpoint," LaNeve added. "For the second consecutive month, we posted good retail volume despite a challenging industry. To build on that retail strength, we're gearing up for the all-new Chevrolet Malibu launch later this month and are encouraging folks to try our pickups and SUVs as part of the Truck Month sales event."

Cadillac CTS total sales surged ahead 74 percent, compared with year-ago performance, due to the strength of the all-new CTS, now in showrooms. GMC Acadia, Saturn OUTLOOK and Buick Enclave together had total sales of nearly 13,000 vehicles, pushing the significant increase in GM's mid-crossover segment. Total sales of the fuel-efficient Cobalt were up more than 35 percent compared with last September.

Other vehicles with retail sales increases, compared with year-ago levels, include: Chevrolet Aveo, Impala, Silverado, Tahoe, Suburban, HHR and Equinox; Saturn AURA and VUE; GMC Sierra, Yukon and Yukon XL; Cadillac Escalade; Pontiac G5, G6 and Torrent; Buick Lucerne and Saab 9-3.

An increasing number of consumers cite warranty coverage as a reason for buying a new GM vehicle. GM's 5 Year/100,000 Mile Powertrain Limited Warranty continues to be a better choice for customers. GM's coverage focuses on the complete ownership experience and includes other provisions that competitors do not offer, including transferability to the next owner, more complete coverage of parts, and coverage for new and certified used vehicles. In addition, GM offers superior complementary programs, such as courtesy transportation and roadside assistance. "GM provides the best coverage in the industry and takes care of the vehicle and the owner like no other vehicle manufacturer," LaNeve added.

Details Here:
http://media.gm.com/servlet/GatewayS...=2&docid=40014

[1931Chevy]

repost GM September sales up 4 percent

[BusyBody]

Great news, I was worried after seeing Fords numbers....

[igor]

http://media.gm.com/servlet/GatewayS...=2&docid=40014

Nice showing GM

and this month - no Fleet dumping to coverretail decline ... GOOD.
Igor

[tony1021]

this is great news, hopefully gm could keep up the good work and consumers continue choosing gm over the competition

[1931Chevy]

will have to wait and see Toyleta numbers to see if their sales growth here in the US is stopping

[Lewie]

Toyota down 4.4%

http://biz.yahoo.com/ap/071002/toyota_sales.html?.v=1

[RamJet502]

Originally Posted by Lewie

Toyota down 4.4%

Best news I've heard all day

[Russell]

Originally Posted by Lewie

Toyota down 4.4%

http://biz.yahoo.com/ap/071002/toyota_sales.html?.v=1

Great news

[tgagneguam]

I like that sales are up in a down market, particularly when it reflects demand on the retail side of the business. It's a tough order, but it's one that can be filled. Pro-growth, pro-profit. Thank god GM seems to be moving away from this "shrinking to profitability" bull****.

All-New CTS Drives Cadillac To Best Month Of 2007...

...The CTS had its best-ever September performance with more than 5,400 vehicles sold, a testament to the power of the all-new model."

While one month does not a trend make, but as mentioned previously, I think GM was sandbagging Caddy fans with its sales projections of the new CTS. Build a better product, and consumers and the "biased" media will react accordingly.

[I-Love-Pontiac]

Tahoe sales up 50%. Escalade up 22%. That's crazy.... What's doing this?

What's really irritating is when sales are down the media jumps all over it telling their audience it's because of gas prices. Well gas isn't down right now, so what is bringing their sales up?

[windvale]

What's up with the Cobalt increase ? Why is Cobalt suddenly selling ?

[Sphinx002]

Awesome, I was worried too

[JazzyChef]

GM up toyota down.... woot!

"Cadillac CTS total sales surged ahead 74 percent" Very nice GM!!! If you build it they will come.


Ford was also down on sales this month, down by 21% which was fueled by their fleet sales drop by 64%!!!