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GM Reports October Sales of 363,043, Down 7 Percent

Calendar Year-To-Date Truck Sales on Par with Record 2002 Pace

DETROIT - General Motors Corp. dealers sold 363,043 new cars and trucks in October in the United States, down 7 percent compared to strong year-ago levels. GM's overall truck sales (220,374) were down 8 percent over a year ago. Car sales (142,669) were down 6 percent.

"GM's sales in October fell short of our objectives, partially due to a smaller industry than expected and in part due to a slight hangover from our very strong performance in the third quarter," said John Smith, group vice president of GM Vehicle Sales, Service and Marketing. "Truck sales continued at a strong pace, particularly the Chevrolet Tahoe and Suburban and the GMC Yukon and Yukon XL. The momentum we have with our industry-leading truck line-up and recent new vehicle launches is reflected in market share year-to-date improvement through September in the majority of our brands, including Chevrolet, Cadillac, GMC, Saab, Saturn and HUMMER. The increasing availability of our new vehicles such as the Chevrolet Malibu and Cadillac SRX will help position GM for a strong finish to the year."

GM Truck Sales

Sales of GM's industry-leading truck lineup were down 8 percent compared to a strong October last year. Large (23,980) and extra-large utilities (20,056) again posted strong sales, each up over 26 percent. While total utilities (105,640) were down 6 percent, this was the sixth time in the last 7 months that sales of GM utilities surpassed 100,000 units. GM has sold over 1,000,000 utilities for the calendar year-to-date (1,026,213).

GM Car Sales

Despite the 6 percent decline in GM car sales in October, there were several vehicles that reflected strong sales performance. Sales of GM entry-level cars improved 23 percent, led by the Chevrolet Cavalier (22,499) with a 55 percent improvement, and the Pontiac Sunfire (3,586), up 33 percent. Additionally, Saab 9-3 sold 2,357 units, an exceptional 181 percent increase.

Divisional Highlights

Chevrolet - Chevrolet car sales (56,344) improved 11 percent from last year. Chevrolet continues to lead the mid-size car segment in the U.S. for the year-to-date, led by strong sales of Impala, which was up 44 percent year-to-date (231,526). Chevrolet truck sales were led by Tahoe (16,029), which improved 20 percent, and the Suburban, which was up 25 percent with 12,896 deliveries. Chevrolet sales for the year-to-date (2,207,250) were comparable (-0.6 percent) with last year.

Cadillac - Cadillac truck sales (6,438) had its best-ever month, up 38 percent in October, driven by continuing strong sales of the Escalade portfolio. For the year-to-date, total deliveries (172,325) were up 5 percent, and truck sales (48,161) improved 18 percent. The two newest additions to Cadillac's portfolio, the XLR and SRX, are arriving in dealerships and are being well-received by consumers. Cadillac is on-track to surpass 200,000 unit sales for the calendar year for the first time since 1994.

GMC - Yukon deliveries in October (7,951) were up 41 percent from year-ago levels, and Yukon XL sales (7,160) improved 27 percent. As a result of continuing strong utility sales throughout the year, GMC's calendar year-to-date sales performance (472,810) improved 2 percent over record year-ago levels.

HUMMER - HUMMER deliveries in October were 3,157 units, which made it the division's best sales month for the calendar year. Calendar year-to-date sales were 28,610, up 143 percent. H2 sales in October were 3,072, and for the year-to-date, sales (27,994) were up 150 percent.

Saturn - ION had 8,860 deliveries in October. In its first full year in the market, ION will sell over 100,000 vehicles. VUE sales for the calendar year (69,529) were up 23 percent.

Saab - Saab car sales surpassed 40,000 units in the U.S. for the first time in 16 years. Calendar year-to-date, Saab sales (40,808) were up 26 percent. In October, Saab sold 3,349 units, an 82 percent improvement. The 9-3 was up 181 percent, with 2,357 units sold.

Pontiac - Grand Am deliveries in October were 11,130, up 40.5 percent from a year ago. Sunfire sales (3,586) were up 32 percent. Vibe sales for the calendar year-to-date (50,043) were a 64 percent improvement from last year.

Buick - Buick truck deliveries in October (5,959) were up 23 percent. Calendar year-to-date, Buick truck sales (57,036) were up 9 percent, and Rendezvous deliveries (55,891) were up 7 percent.

Certified Used Vehicles

GM Certified Used Vehicles had strong October sales of 34,614 units and continued its positive sales momentum with calendar year-to-date sales of 337,851 units, up 25 percent from the year-ago period. Cadillac Certified Pre-Owned Vehicles reported 3,044 sales; Saturn Certified Used Vehicles reported sales of 2,924 units; and Saab Certified Pre-Owned Vehicles reported 420 sales.

"GM Certified Used Vehicles posted one of its best sales months of 2003, while Saab Certified more than doubled its sales from last October and increased calendar year-to-date sales 134 percent," said Smith. "GM's combined certified used sales for the year are now 403,645, a 27 percent increase from last year. We are confident that certified sales will have a strong finish to the year."

GM Announces October Production Results and Revised Fourth-Quarter Production Forecast

In October, GM North America produced 526,500 vehicles (207,500 cars and 319,000 trucks), compared to 579,000 vehicles (243,000 cars and 336,000 trucks) produced in October 2002. Production totals include joint venture production of 14,000 vehicles in October and 17,600 vehicles in October 2002.

Also, GM is revising its fourth-quarter production forecast for North America to 1.36 million vehicles (553,000 cars and 807,000 trucks), up 10,000 units from last month's initial forecast of 1.35 million vehicles (562,000 cars and 788,000 trucks). In the fourth-quarter of 2002, GM North America production was 1.426 million vehicles (602,000 cars and 824,000 trucks).

GM also announced revised fourth-quarter production forecasts for its international regions:

GM Europe - The region's revised fourth-quarter production forecast is 445,000 vehicles, down 2,000 vehicles from last month's forecast. GM Europe built 453,000 vehicles in the fourth quarter of 2002.

GM Asia Pacific - The region's revised fourth-quarter production forecast is 114,000 vehicles, up 9,000 vehicles from last month's guidance. The region built 81,000 vehicles in the fourth quarter of 2002.

GM Latin America, Africa and the Middle East - The region's revised fourth-quarter forecast is 156,000 vehicles, up 15,000 vehicles from last month's forecast of 141,000 vehicles. The region built 157,000 vehicles in the fourth quarter of 2002.

General Motors Corp. , the world's largest vehicle manufacturer, employs 341,000 people globally in its core automotive business and subsidiaries. Founded in 1908, GM has been the global automotive sales leader since 1931. GM today has manufacturing operations in 32 countries and its vehicles are sold in more than 190 countries. In 2002, GM sold more than 8.6 million cars and trucks, nearly 15 percent of the global vehicle market. GM's global headquarters is at the GM Renaissance Center in Detroit. More information on GM and its products can be found on the company's consumer website at  www.gm.com.

Note: GM sales and production results are available on GM Media OnLine at  http://media.gm.com by clicking on News, then Sales/Production. In this press release and related comments by General Motors management, our use of the words "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions is intended to identify forward looking statements. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, actual results may differ materially due to numerous important factors that are described in GM's most recent report on SEC Form 10-K (at page II-18) which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such factors include, among others, the following: changes in economic conditions, currency exchange rates or political stability; shortages of fuel, labor strikes or work stoppages; market acceptance of the corporation's new products; significant changes in the competitive environment; changes in laws, regulations and tax rates; and, the ability of the corporation to achieve reductions in cost and employment levels to realize production efficiencies and implement capital expenditures at levels and times planned by management.

# # #

Curr S/D: 27
Prev S/D: 27

October

Calendar Year-to-Date
January - October

2003

2002

% Chg
per S/D

2003

2002

%Chg

Vehicle Total

363,043

391,070

-7.2

3,945,322

4,075,780

-3.2

Car Total

142,669

151,318

-5.7

1,642,156

1,759,670

-6.7

Truck Total

220,374

239,752

-8.1

2,303,166

2,316,110

-0.6

Light Truck Total

217,173

236,673

-8.2

2,269,964

2,284,589

-0.6

Light Vehicle Total

359,842

387,991

-7.3

3,912,120

4,044,259

-3.3

Market Division
Vehicle Total

           

Buick

24,323

31,591

-23.0

282,090

356,057

-20.8

Cadillac

18,645

18,711

-0.4

172,325

164,133

5.0

Chevrolet

200,311

204,295

-2.0

2,207,250

2,219,914

-0.6

GMC

46,821

48,233

-2.9

472,810

462,897

2.1

HUMMER

3,157

3,868

-18.4

28,610

11,784

142.8

Oldsmobile

9,872

12,057

-18.1

106,304

135,263

-21.4

Other - Isuzu

996

1,270

-21.6

10,594

11,278

-6.1

Pontiac

37,599

41,884

-10.2

389,800

443,347

-12.1

Saab

3,349

1,844

81.6

40,808

32,290

26.4

Saturn

17,970

27,317

-34.2

234,731

238,817

-1.7

Sales of Domestically Produced Vehicles

Car

139,320

149,473

-6.8

1,601,333

1,727,142

-7.3

Light Truck

217,173

236,673

-8.2

2,269,964

2,284,589

-0.6

Twenty-seven selling days for the October period this year and twenty-seven for last year.

* American Isuzu Motors, Inc., dealer sales of commercial vehicles distributed by General Motors Corporation as reported to General Motors by American Isuzu Motors, Inc.

2-1P
GM Car Deliveries - (United States)
October 2003

 

October

Calendar Year-to-Date
January - October

2003

2002

%Chg
per S/D

2003

2002

%Chg

Selling Days (S/D)

27

27

       

Century

6,618

10,700

-38.1

81,550

130,623

-37.6

LeSabre

7,338

8,969

-18.2

100,709

114,662

-12.2

Park Avenue

2,498

2,705

-7.7

22,532

25,789

-12.6

Regal

1,910

4,377

-56.4

20,263

32,707

-38.0

Buick Total

18,364

26,751

-31.4

225,054

303,781

-25.9

Catera

0

1

***.*

15

238

-93.7

CTS

3,844

4,848

-20.7

41,073

29,180

40.8

DeVille

6,818

6,933

-1.7

66,674

70,607

-5.6

Eldorado

4

287

-98.6

192

5,266

-96.4

Seville

1,300

1,991

-34.7

15,884

18,177

-12.6

XLR

241

0

***.*

326

0

***.*

Cadillac Total

12,207

14,060

-13.2

124,164

123,468

0.6

Camaro

20

1,425

-98.6

1,092

26,865

-95.9

Cavalier

22,499

14,549

54.6

216,534

207,388

4.4

Classic

6,008

0

***.*

30,999

0

***.*

Corvette

1,878

3,094

-39.3

24,553

27,533

-10.8

Impala

15,077

17,306

-12.9

231,526

161,001

43.8

Lumina

0

2

***.*

15

34

-55.9

Malibu

6,695

9,323

-28.2

107,306

143,815

-25.4

Metro

0

0

***.*

1

13

-92.3

Monte Carlo

4,081

5,096

-19.9

55,943

55,329

1.1

Prizm

0

82

***.*

16

14,263

-99.9

SSR

86

0

***.*

87

0

***.*

Chevrolet Total

56,344

50,877

10.7

668,072

636,241

5.0

Alero

7,690

7,704

-0.2

81,894

81,803

0.1

Aurora

104

547

-81.0

3,014

8,045

-62.5

Intrigue

25

737

-96.6

776

13,779

-94.4

Oldsmobile Total

7,819

8,988

-13.0

85,684

103,627

-17.3

Bonneville

1,385

2,519

-45.0

19,680

31,913

-38.3

Firebird

24

1,022

-97.7

900

19,400

-95.4

Grand Am

11,130

7,924

40.5

127,632

131,510

-2.9

Grand Prix

12,342

14,830

-16.8

98,302

107,561

-8.6

Sunfire

3,586

2,708

32.4

36,615

57,291

-36.1

Vibe

3,794

6,509

-41.7

50,043

30,462

64.3

Pontiac Total

32,261

35,512

-9.2

333,172

378,137

-11.9

9-3

2,357

839

180.9

29,010

17,299

67.7

9-5

992

1,005

-1.3

11,798

14,991

-21.3

Saab Total

3,349

1,844

81.6

40,808

32,290

26.4

ION

8,860

1,009

778.1

98,303

1,009

***.*

Saturn L Series

3,291

5,544

-40.6

59,853

71,755

-16.6

Saturn S Series

174

6,733

-97.4

7,046

109,362

-93.6

Saturn Total

12,325

13,286

-7.2

165,202

182,126

-9.3

GM Total

142,669

151,318

-5.7

1,642,156

1,759,670

-6.7

GM Car Deliveries by Production Source

GM North America *

139,320

149,473

-6.8

1,601,333

1,727,142

-7.3

GM Import

3,349

1,845

81.5

40,823

32,528

25.5

GM Total

142,669

151,318

-5.7

1,642,156

1,759,670

-6.7

GM Car Deliveries by Production Source and Marketing Division

Buick Total

18,364

26,751

-31.4

225,054

303,781

-25.9

Cadillac Total

12,207

14,059

-13.2

124,149

123,230

0.7

Chevrolet Total

56,344

50,877

10.7

668,072

636,241

5.0

Oldsmobile Total

7,819

8,988

-13.0

85,684

103,627

-17.3

Pontiac Total

32,261

35,512

-9.2

333,172

378,137

-11.9

Saturn Total

12,325

13,286

-7.2

165,202

182,126

-9.3

GM North America Total*

139,320

149,473

-6.8

1,601,333

1,727,142

-7.3

             

Cadillac Total

0

1

***.*

15

238

-93.7

Saab Total

3,349

1,844

81.6

40,808

32,290

26.4

GM Import Total

3,349

1,845

81.5

40,823

32,528

25.5

GM Vehicle Deliveries by Marketing Division

Buick Total

24,323

31,591

-23.0

282,090

356,057

-20.8

Cadillac Total

18,645

18,711

-0.4

172,325

164,133

5.0

Chevrolet Total

200,311

204,295

-2.0

2,207,250

2,219,914

-0.6

GMC Total

46,821

48,233

-2.9

472,810

462,897

2.1

HUMMER Total

3,157

3,868

-18.4

28,610

11,784

142.8

Oldsmobile Total

9,872

12,057

-18.1

106,304

135,263

-21.4

Other-Isuzu Total

996

1,270

-21.6

10,594

11,278

-6.1

Pontiac Total

37,599

41,884

-10.2

389,800

443,347

-12.1

Saab Total

3,349

1,844

81.6

40,808

32,290

26.4

Saturn Total

17,970

27,317

-34.2

234,731

238,817

-1.7

GM Total

363,043

391,070

-7.2

3,945,322

4,075,780

-3.2

* Includes US/Canada/Mexico

3-1P
GM Truck Deliveries - (United States)
October 2003

 

October

Calendar Year-to-Date
January - October

2003

2002

% Chg
per S/D

2003

2002

%Chg

Selling Days (S/D)

27

27

       

Rainier

823

0

***.*

1,145

0

***.*

Rendezvous

5,136

4,840

6.1

55,891

52,276

6.9

Total Buick

5,959

4,840

23.1

57,036

52,276

9.1

Escalade

3,123

3,286

-5.0

27,776

29,804

-6.8

Escalade ESV

1,064

0

***.*

10,010

0

***.*

Escalade EXT

1,082

1,365

-20.7

8,943

10,861

-17.7

SRX

1,169

0

***.*

1,432

0

***.*

Total Cadillac

6,438

4,651

38.4

48,161

40,665

18.4

Astro

2,351

3,546

-33.7

34,388

44,487

-22.7

C/K Suburban(Chevy)

12,896

10,288

25.3

108,051

125,324

-13.8

Chevy C/T Series

34

213

-84.0

668

3,980

-83.2

Chevy W Series

141

172

-18.0

1,818

1,894

-4.0

Express Cutaway/G Cut

1,499

2,082

-28.0

15,570

17,529

-11.2

Express Panel/G Van

4,980

5,479

-9.1

56,556

55,623

1.7

Express/G Sportvan

799

1,281

-37.6

13,285

12,600

5.4

Kodiak 4/5 Series

578

364

58.8

5,946

1,107

437.1

Kodiak 6/7/8 Series

281

60

368.3

2,052

89

***.*

S/T Blazer

6,347

6,448

-1.6

43,153

87,644

-50.8

S/T Pickup

8,671

11,328

-23.5

124,424

130,605

-4.7

Tahoe

16,029

13,317

20.4

162,888

173,782

-6.3

Tracker

2,050

2,977

-31.1

30,835

36,314

-15.1

TrailBlazer

20,129

25,361

-20.6

217,495

203,609

6.8

Venture

8,557

8,693

-1.6

76,345

76,865

-0.7

Avalanche

7,001

6,709

4.4

77,164

76,963

0.3

Silverado-C/K Pickup

51,624

55,100

-6.3

568,540

535,258

6.2

Chevrolet Fullsize Pickups

58,625

61,809

-5.2

645,704

612,221

5.5

Chevrolet Total

143,967

153,418

-6.2

1,539,178

1,583,673

-2.8

Envoy

8,686

12,084

-28.1

105,814

89,758

17.9

GMC C/T Series

73

432

-83.1

1,428

9,010

-84.2

GMC W Series

375

295

27.1

3,672

3,438

6.8

S/T Jimmy

0

9

***.*

52

928

-94.4

Safari (GMC)

1,001

892

12.2

9,558

12,010

-20.4

Savana Panel/G Classic

1,566

1,509

3.8

16,527

18,316

-9.8

Savana Special/G Cut

565

556

1.6

9,143

7,257

26.0

Savana/Rally

181

247

-26.7

2,619

2,284

14.7

Sierra

16,095

17,746

-9.3

162,490

167,216

-2.8

Sonoma

2,445

2,934

-16.7

31,166

35,960

-13.3

Topkick 4/5 Series

388

203

91.1

3,799

606

526.9

Topkick 6/7/8 Series

335

70

378.6

3,225

119

***.*

Yukon

7,951

5,634

41.1

68,609

61,152

12.2

Yukon XL

7,160

5,622

27.4

54,708

54,843

-0.2

GMC Total

46,821

48,233

-2.9

472,810

462,897

2.1

HUMMER H1

85

108

-21.3

616

602

2.3

HUMMER H2

3,072

3,760

-18.3

27,994

11,182

150.3

HUMMER Total

3,157

3,868

-18.4

28,610

11,784

142.8

Bravada

841

1,004

-16.2

7,361

12,494

-41.1

Silhouette

1,212

2,065

-41.3

13,259

19,142

-30.7

Oldsmobile Total

2,053

3,069

-33.1

20,620

31,636

-34.8

Other-Isuzu F Series

101

217

-53.5

1,200

1,630

-26.4

Other-Isuzu N Series

895

1,053

-15.0

9,394

9,648

-2.6

Other-Isuzu Total

996

1,270

-21.6

10,594

11,278

-6.1

Aztek

2,352

1,772

32.7

23,911

24,196

-1.2

Montana

2,986

4,600

-35.1

32,717

41,014

-20.2

Pontiac Total

5,338

6,372

-16.2

56,628

65,210

-13.2

VUE

5,645

14,031

-59.8

69,529

56,691

22.6

Saturn Total

5,645

14,031

-59.8

69,529

56,691

22.6

GM Total

220,374

239,752

-8.1

2,303,166

2,316,110

-0.6

GM TRUCK Deliveries by Production Source

GM North America *

219,206

238,521

-8.1

2,291,181

2,304,151

-0.6

GM Import

1,168

1,231

-5.1

11,985

11,959

0.2

GM Total

220,374

239,752

-8.1

2,303,166

2,316,110

-0.6

GM Light Duty Truck Deliveries by Production Source

GM North America *

217,173

236,673

-8.2

2,269,964

2,284,589

-0.6

GM Import

0

0

***.*

0

0

***.*

GM Total

217,173

236,673

-8.2

2,269,964

2,284,589

-0.6

GM TRUCK Deliveries by Production Source and Marketing Division

Buick Total

5,959

4,840

23.1

57,036

52,276

9.1

Cadillac Total

6,438

4,651

38.4

48,161

40,665

18.4

Chevrolet Total

143,886

153,312

-6.1

1,537,997

1,582,420

-2.8

GMC Total

46,512

48,019

-3.1

469,965

460,584

2.0

HUMMER Total

3,157

3,868

-18.4

28,610

11,784

142.8

Oldsmobile Total

2,053

3,069

-33.1

20,620

31,636

-34.8

Other-Isuzu Total

218

359

-39.3

2,635

2,885

-8.7

Pontiac Total

5,338

6,372

-16.2

56,628

65,210

-13.2

Saturn Total

5,645

14,031

-59.8

69,529

56,691

22.6

GM North America Total*

219,206

238,521

-8.1

2,291,181

2,304,151

-0.6

Chevrolet Total

81

106

-23.6

1,181

1,253

-5.7

GMC Total

309

214

44.4

2,845

2,313

23.0

Other-Isuzu Total

778

911

-14.6

7,959

8,393

-5.2

GM Import Total

1,168

1,231

-5.1

11,985

11,959

0.2

GM Light Truck Deliveries by Production Source and Marketing Division

Buick Total

5,959

4,840

23.1

57,036

52,276

9.1

Cadillac Total

6,438

4,651

38.4

48,161

40,665

18.4

Chevrolet Total

142,933

152,609

-6.3

1,528,694

1,576,603

-3.0

GMC Total

45,650

47,233

-3.4

460,686

449,724

2.4

HUMMER Total

3,157

3,868

-18.4

28,610

11,784

142.8

Oldsmobile Total

2,053

3,069

-33.1

20,620

31,636

-34.8

Pontiac Total

5,338

6,372

-16.2

56,628

65,210

-13.2

Saturn Total

5,645

14,031

-59.8

69,529

56,691

22.6

GM North America Total*

217,173

236,673

-8.2

2,269,964

2,284,589

-0.6

GM Light Truck Deliveries by Marketing Division

Buick Total

5,959

4,840

23.1

57,036

52,276

9.1

Cadillac Total

6,438

4,651

38.4

48,161

40,665

18.4

Chevrolet Total

142,933

152,609

-6.3

1,528,694

1,576,603

-3.0

GMC Total

45,650

47,233

-3.4

460,686

449,724

2.4

HUMMER Total

3,157

3,868

-18.4

28,610

11,784

142.8

Oldsmobile Total

2,053

3,069

-33.1

20,620

31,636

-34.8

Pontiac Total

5,338

6,372

-16.2

56,628

65,210

-13.2

Saturn Total

5,645

14,031

-59.8

69,529

56,691

22.6

GM Total

217,173

236,673

-8.2

2,269,964

2,284,589

-0.6

* Includes US/Canada/Mexico