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GM Reports 311,763 Deliveries in February 2007


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GM Reports 311,763 Deliveries in February


GM Bucks Industry Trend - Total Sales Up, Led by an 11 Percent Retail Increase
The Truck Leader - Silverado and Sierra Power 29 Percent Increase in Full-Size Pickups
GMC Acadia and Saturn Outlook Drive 97 Percent Retail Increase in Mid-Utility Crossover Sales
Chevrolet Impala, Pontiac G6 and Saturn Aura Lead 25 Percent Increase in Mid Car Retail Sales

DETROIT - Despite an expected decline in U.S. industry sales, GM reported a 3.4 percent total sales increase, compared with February 2006. The sales gain was due to an 11 percent retail sales increase. Retail and fleet sales by GM dealers in the United States totaled 311,763 vehicles, compared with sales of 301,545 in February 2006. Fleet sales were down 18 percent due to a planned 25 percent reduction in daily rental sales.

"Our pickup, SUV and crossover business was terrific across the board. Our customers are telling us that we have the winning formula - the best products, industry-leading fuel economy and the best value," said Mark LaNeve, vice president, GM North American Sales, Service and Marketing.

February's performance was led by the new GMC Sierra and the North American Truck of the Year Chevrolet Silverado full-size pickups. Silverado had its best February sales month in five years, total full-size pickup sales were up 29 percent and total truck sales were up more than 7 percent compared with last February. The critically-acclaimed new GMC Acadia and Saturn Outlook drove a 97 percent retail increase in the mid-crossover segment.

"With GM offering the best coverage in our 5 year/100,000 mile powertrain limited warranty with roadside assistance and courtesy transportation, we believe customers see our vehicles as having outstanding value and quality that is better than the competition. With a less than stellar industry performance, our February sales results stand out," LaNeve added.

The Chevrolet, GMC, Saturn and Pontiac divisions all saw retail increases in February.

Retail truck sales were up 16 percent compared with February 2006 and total truck sales were up 7 percent. Leading the retail sales gains were full-size pickups, up 36 percent compared with February 2006, with positive showings by Chevrolet Avalanche, up 110 percent and Silverado, up 34 percent. GMC Sierra retail sales volume was up 27 percent compared with last February.

Retail increases by the Cadillac Escalade ESV and Escalade EXT, compared with February 2006, pushed GM's large luxury utilities segment up 7 percent compared with last February.

Driven by an increase in Chevrolet Aveo retail sales, GM's economy car segment retail volume was up 17 percent compared with February 2006. A 45 percent retail increase in Pontiac G6 and a 65 percent increase in Chevrolet Impala retail sales, compared with the same month a year ago, pushed GM's mid-car segment retail volume up 25 percent.

In February, GM's mix of total fleet to retail sales continued to improve significantly. Retail sales were 78.5 percent of total sales, compared with 73 percent last February; fleet sales were 21.5 percent, compared with 27 percent last year.

GM February sales reflected the continuing strength of the new product portfolio with competitive incentive spending, balanced with ongoing reductions in daily rental fleet sales.

Certified Used Vehicles

February 2007 sales for all certified GM brands, including GM Certified Used Vehicles, Cadillac Certified Pre-Owned Vehicles, Saturn Certified Pre-Owned Vehicles, Saab Certified Pre-Owned Vehicles and HUMMER Certified Pre-Owned Vehicles, were 42,855 units, up nearly 6 percent from last February. Year-to-date sales for all certified GM brands are up nearly 8 percent from the same period last year.

GM Certified Used Vehicles, the industry's top-selling manufacturer-certified used brand, posted February sales of 37,840 units, up nearly 7 percent from February 2006. Year-to-date sales are 75,390 units, up 8 percent.

Cadillac Certified Pre-Owned Vehicles posted February sales of 3,111 units, comparable to last February. Saturn Certified Pre-Owned Vehicles sold 1,262 units in February, down 11 percent. Saab Certified Pre-Owned Vehicles sold 540 units, up 7 percent, and HUMMER Certified Pre-Owned Vehicles sold 102 units, up 183 percent.

"GM Certified Used Vehicles posted another strong month in February, with sales up nearly 7 percent from last February," said LaNeve.  "We have had two excellent months to begin the year and with upcoming program changes in 2007, we're optimistic sales will continue to grow throughout the year."

GM North America Reports February 2007 Production, 2007 First-Quarter Production Forecast Remains Unchanged at 1.080 Million Vehicles, 2007 Second-Quarter Production Forecast Set at 1.175 Million Vehicles

In February, GM North America produced 348,000 vehicles (129,000 cars and 219,000 trucks). This is down 59,000 units or 15 percent compared to February 2006 when the region produced 407,000 vehicles (155,000 cars and 252,000 trucks). (Production totals include joint venture production of 20,000 vehicles in February 2007 and 26,000 vehicles in February 2006.)

The region's 2007 first-quarter production forecast is unchanged at 1.080 million vehicles (417,000 cars and 663,000 trucks). In the first-quarter of 2006 the region produced 1.255 million vehicles (496,000 cars and 759,000 trucks). Additionally, the region's initial 2007 second-quarter production forecast is set at 1.175 million vehicles (418,000 cars and 757,000 trucks), down 5 percent from second-quarter 2006 actuals. The production decrease is due to GM's ongoing efforts to reduce low-margin daily rental fleet sales, as well as managing inventory levels.

GM also announced revised 2007 first-quarter and initial second-quarter production forecasts for its international regions.

GM Europe - GM Europe's 2007 first-quarter production forecast is unchanged at 508,000 units. In the first-quarter of 2006 the region built 494,000 vehicles. The region's initial 2007 second-quarter production forecast is set at 467,000 vehicles. In the second-quarter of 2006 the region built 495,000 vehicles.

GM Asia Pacific - The region's 2007 first-quarter production forecast is revised at 538,000 vehicles. In the first-quarter of 2006 the region built 472,000 vehicles. GM Asia Pacific's initial 2007 second-quarter production forecast is set at 560,000 vehicles. In the second-quarter of 2006 the region built 482,000 vehicles.

GM Latin America, Africa and the Middle East - The region's 2007 first-quarter production forecast is unchanged at 225,000 units. In the first-quarter of 2006 the region built 194,000 vehicles. The region's initial 2007 second-quarter production forecast is set at 233,000 vehicles. In the second-quarter of 2006 the region built 206,000 vehicles.

General Motors Corp. , the world's largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 284,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found 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, we use words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions to identify forward-looking statements, representing our current judgment about possible future events. We believe these judgments are reasonable, but actual results may differ materially due to a variety of important factors. Among other items, such factors might include: the pace of introductions and market acceptance of new products; the effect of competition on our markets and significant changes in the competitive environment; price increases or shortages of fuel; and changes in laws, regulations or tax rates. GM's most recent annual report on Form 10-K and quarterly report on Form 10-Q provide information about these factors, which may be revised or supplemented in future reports to the SEC on Form 10-Q or 8-K.

# # #

 

February

Calendar Year-to-Date
January - February

Curr S/D: 24
Prev S/D: 24

2007

2006

% Chg
per S/D

2007

2006

%Chg

Vehicle Total

311,763

301,545

3.4

559,227

597,548

-6.4

Car Total

108,902

112,656

-3.3

213,058

247,123

-13.8

Truck Total

202,861

188,889

7.4

346,169

350,425

-1.2

Light Truck Total

199,509

184,825

7.9

339,967

343,489

-1.0

Light Vehicle Total

308,411

297,481

3.7

553,025

590,612

-6.4

Buick

15,108

21,425

-29.5

27,121

38,598

-29.7

Cadillac

14,142

16,251

-13.0

27,882

30,984

-10.0

Chevrolet

187,088

177,710

5.3

335,537

351,332

-4.5

GMC

41,279

33,751

22.3

69,767

61,729

13.0

HUMMER

4,177

5,645

-26.0

8,157

10,859

-24.9

Oldsmobile

0

92

***.*

0

96

***.*

Other - Isuzu

960

832

15.4

1,627

1,463

11.2

Pontiac

24,563

29,107

-15.6

48,623

66,652

-27.0

Saab

2,221

2,787

-20.3

4,583

4,983

-8.0

Saturn

22,225

13,945

59.4

35,930

30,852

16.5

Sales of Vehicles Produced in US/Canada/Mexico

Car

101,830

106,127

-4.0

199,760

235,433

-15.2

Light Truck

199,509

184,825

7.9

339,967

343,489

-1.0

Twenty-four selling days for the Month period this year and twenty-four 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)
February 2007

 

February

Calendar Year-to-Date
January - February

2007

2006

%Chg
per S/D

2007

2006

%Chg

Selling Days (S/D)

24

24

       

Century

0

31

***.*

2

43

-95.3

LaCrosse

3,556

5,265

-32.5

6,141

10,597

-42.0

LeSabre

16

439

-96.4

40

943

-95.8

Lucerne

6,311

7,327

-13.9

12,070

13,434

-10.2

Park Avenue

3

16

-81.3

6

21

-71.4

Regal

0

24

***.*

0

30

***.*

Buick Total

9,886

13,102

-24.5

18,259

25,068

-27.2

CTS

3,042

4,109

-26.0

5,885

7,915

-25.6

DeVille

12

188

-93.6

22

333

-93.4

DTS

3,189

4,560

-30.1

7,284

9,839

-26.0

Seville

0

8

***.*

0

9

***.*

STS

1,472

1,740

-15.4

2,879

3,408

-15.5

XLR

144

354

-59.3

266

537

-50.5

Cadillac Total

7,859

10,959

-28.3

16,336

22,041

-25.9

Aveo

4,646

3,377

37.6

8,435

6,133

37.5

Cavalier

9

71

-87.3

15

124

-87.9

Classic

0

1

***.*

1

2

-50.0

Cobalt

10,865

14,277

-23.9

23,888

31,790

-24.9

Corvette

2,784

3,058

-9.0

5,018

5,637

-11.0

Impala

26,925

18,714

43.9

52,200

40,362

29.3

Malibu

11,703

14,659

-20.2

20,912

33,066

-36.8

Monte Carlo

1,289

2,581

-50.1

2,928

6,975

-58.0

SSR

44

511

-91.4

98

837

-88.3

Chevrolet Total

58,265

57,249

1.8

113,495

124,926

-9.2

Alero

0

64

***.*

0

67

***.*

Oldsmobile Total

0

64

***.*

0

67

***.*

Bonneville

11

210

-94.8

36

404

-91.1

G5

1,917

0

***.*

3,229

0

***.*

G6

11,248

9,749

15.4

23,246

25,089

-7.3

Grand Am

12

151

-92.1

28

256

-89.1

Grand Prix

4,672

6,974

-33.0

10,016

18,877

-46.9

GTO

633

797

-20.6

1,185

1,391

-14.8

Solstice

1,017

1,859

-45.3

1,878

3,849

-51.2

Sunfire

3

157

-98.1

6

309

-98.1

Vibe

2,195

3,166

-30.7

4,325

5,907

-26.8

Pontiac Total

21,708

23,063

-5.9

43,949

56,082

-21.6

9-2X

26

61

-57.4

61

111

-45.0

9-3

1,419

1,969

-27.9

2,894

3,510

-17.5

9-5

348

325

7.1

723

545

32.7

Saab Total

1,793

2,355

-23.9

3,678

4,166

-11.7

Aura

3,796

0

***.*

7,898

0

***.*

ION

4,766

5,858

-18.6

7,916

14,763

-46.4

Saturn L Series

0

6

***.*

0

10

***.*

Sky

829

0

***.*

1,527

0

***.*

Saturn Total

9,391

5,864

60.1

17,341

14,773

17.4

GM Total

108,902

112,656

-3.3

213,058

247,123

-13.8

GM Car Deliveries by Production Source

GM North America *

101,830

106,127

-4.0

199,760

235,433

-15.2

GM Import

7,072

6,529

8.3

13,298

11,690

13.8

GM Total

108,902

112,656

-3.3

213,058

247,123

-13.8

GM Car Deliveries by Production Source and Marketing Division

Buick Total

9,886

13,102

-24.5

18,259

25,068

-27.2

Cadillac Total

7,859

10,959

-28.3

16,336

22,041

-25.9

Chevrolet Total

53,619

53,872

-0.5

105,060

118,793

-11.6

Oldsmobile Total

0

64

***.*

0

67

***.*

Pontiac Total

21,075

22,266

-5.3

42,764

54,691

-21.8

Saturn Total

9,391

5,864

60.1

17,341

14,773

17.4

GM North America Total*

101,830

106,127

-4.0

199,760

235,433

-15.2

Chevrolet Total

4,646

3,377

37.6

8,435

6,133

37.5

Pontiac Total

633

797

-20.6

1,185

1,391

-14.8

Saab Total

1,793

2,355

-23.9

3,678

4,166

-11.7

GM Import Total

7,072

6,529

8.3

13,298

11,690

13.8

GM Vehicle Deliveries by Marketing Division

Buick Total

15,108

21,425

-29.5

27,121

38,598

-29.7

Cadillac Total

14,142

16,251

-13.0

27,882

30,984

-10.0

Chevrolet Total

187,088

177,710

5.3

335,537

351,332

-4.5

GMC Total

41,279

33,751

22.3

69,767

61,729

13.0

HUMMER Total

4,177

5,645

-26.0

8,157

10,859

-24.9

Oldsmobile Total

0

92

***.*

0

96

***.*

Other-Isuzu Total

960

832

15.4

1,627

1,463

11.2

Pontiac Total

24,563

29,107

-15.6

48,623

66,652

-27.0

Saab Total

2,221

2,787

-20.3

4,583

4,983

-8.0

Saturn Total

22,225

13,945

59.4

35,930

30,852

16.5

GM Total

311,763

301,545

3.4

559,227

597,548

-6.4

* Includes US/Canada/Mexico

3-1P

GM Truck Deliveries - (United States)
February 2007

 

February

Calendar Year-to-Date
January - February

2007

2006

% Chg
per S/D

2007

2006

%Chg

Selling Days (S/D)

24

24

       

Rainier

528

1,847

-71.4

988

2,415

-59.1

Rendezvous

4,274

5,257

-18.7

7,056

8,538

-17.4

Terraza

420

1,219

-65.5

818

2,577

-68.3

Total Buick

5,222

8,323

-37.3

8,862

13,530

-34.5

Escalade

2,657

2,787

-4.7

4,826

4,190

15.2

Escalade ESV

1,128

528

113.6

2,139

1,020

109.7

Escalade EXT

619

368

68.2

1,149

720

59.6

SRX

1,879

1,609

16.8

3,432

3,013

13.9

Total Cadillac

6,283

5,292

18.7

11,546

8,943

29.1

Astro

3

49

-93.9

14

111

-87.4

C/K Suburban(Chevy)

6,437

4,820

33.5

11,388

10,327

10.3

Chevy C/T Series

15

23

-34.8

37

40

-7.5

Chevy W Series

180

238

-24.4

332

394

-15.7

Colorado

6,880

5,770

19.2

12,084

10,845

11.4

Equinox

7,574

7,808

-3.0

12,899

13,969

-7.7

Express Cutaway/G Cut

1,181

1,505

-21.5

2,235

2,570

-13.0

Express Panel/G Van

5,113

6,123

-16.5

9,537

12,278

-22.3

Express/G Sportvan

1,221

1,265

-3.5

2,007

2,463

-18.5

HHR

8,071

7,997

0.9

14,175

16,610

-14.7

Kodiak 4/5 Series

790

1,156

-31.7

1,465

1,912

-23.4

Kodiak 6/7/8 Series

203

305

-33.4

418

570

-26.7

S/T Blazer

2

44

-95.5

2

65

-96.9

S/T Pickup

0

4

***.*

0

4

***.*

Tahoe

11,667

15,431

-24.4

20,027

28,524

-29.8

Tracker

0

9

***.*

0

11

***.*

TrailBlazer

10,838

13,683

-20.8

20,206

27,162

-25.6

Uplander

4,436

5,154

-13.9

8,324

8,962

-7.1

Venture

2

58

-96.6

4

92

-95.7

Avalanche

5,514

2,632

109.5

9,799

4,977

96.9

Silverado-C/K Pickup

58,696

46,387

26.5

97,089

84,520

14.9

Chevrolet Fullsize Pickups

64,210

49,019

31.0

106,888

89,497

19.4

Chevrolet Total

128,823

120,461

6.9

222,042

226,406

-1.9

Acadia

4,283

0

***.*

5,965

0

***.*

Canyon

1,716

1,351

27.0

3,405

2,554

33.3

Envoy

4,423

5,803

-23.8

7,599

10,552

-28.0

GMC C/T Series

12

17

-29.4

30

26

15.4

GMC W Series

287

269

6.7

536

503

6.6

Safari (GMC)

1

20

-95.0

11

33

-66.7

Savana Panel/G Classic

1,118

1,283

-12.9

2,114

2,389

-11.5

Savana Special/G Cut

1,165

1,372

-15.1

1,555

2,306

-32.6

Savana/Rally

157

182

-13.7

261

379

-31.1

Sierra

18,140

14,787

22.7

31,287

26,587

17.7

Topkick 4/5 Series

537

547

-1.8

971

910

-29.7

Topkick 6/7/8 Series

368

677

-45.6

786

1,118

8.5

Yukon

5,435

4,564

19.1

9,148

8,431

2.7

Yukon XL

3,637

2,879

26.3

6,099

5,941

13.0

GMC Total

41,279

33,751

22.3

69,767

61,729

13.0

HUMMER H1

17

25

-32.0

41

43

-4.7

HUMMER H2

982

1,326

-25.9

2,051

2,745

-25.3

HUMMER H3

3,178

4,294

-26.0

6,065

8,071

-24.9

HUMMER Total

4,177

5,645

-26.0

8,157

10,859

-24.9

Bravada

0

19

***.*

0

19

***.*

Silhouette

0

9

***.*

0

10

***.*

Oldsmobile Total

0

28

***.*

0

29

***.*

Other-Isuzu F Series

188

85

121.2

293

152

92.8

Other-Isuzu H Series

13

5

160.0

17

13

30.8

Other-Isuzu N Series

759

742

2.3

1,317

1,298

1.5

Other-Isuzu Total

960

832

15.4

1,627

1,463

11.2

Aztek

4

58

-93.1

10

108

-90.7

Montana

4

73

-94.5

8

138

-94.2

Montana SV6

184

1,967

-90.6

345

3,417

-89.9

Torrent

2,663

3,946

-32.5

4,311

6,907

-37.6

Pontiac Total

2,855

6,044

-52.8

4,674

10,570

-55.8

9-7X

428

432

-0.9

905

817

10.8

Saab Total

428

432

-0.9

905

817

10.8

Outlook

1,900

0

***.*

2,844

0

***.*

Relay

194

500

-61.2

333

1,105

-69.9

VUE

10,740

7,581

41.7

15,412

14,974

2.9

Saturn Total

12,834

8,081

58.8

18,589

16,079

15.6

GM Total

202,861

188,889

7.4

346,169

350,425

-1.2

GM TRUCK Deliveries by Production Source

GM North America *

201,717

187,840

7.4

344,167

348,564

-1.3

GM Import

1,144

1,049

9.1

2,002

1,861

7.6

GM Total

202,861

188,889

7.4

346,169

350,425

-1.2

GM Light Duty Truck Deliveries by Production Source

GM North America *

199,509

184,825

7.9

339,967

343,489

-1.0

GM Import

0

0

***.*

0

0

***.*

GM Total

199,509

184,825

7.9

339,967

343,489

-1.0

GM TRUCK Deliveries by Production Source and Marketing Division

Buick Total

5,222

8,323

-37.3

8,862

13,530

-34.5

Cadillac Total

6,283

5,292

18.7

11,546

8,943

29.1

Chevrolet Total

128,695

120,290

7.0

221,803

226,121

-1.9

GMC Total

41,056

33,535

22.4

69,331

61,321

13.1

HUMMER Total

4,177

5,645

-26.0

8,157

10,859

-24.9

Oldsmobile Total

0

28

***.*

0

29

***.*

Other-Isuzu Total

167

170

-1.8

300

295

1.7

Pontiac Total

2,855

6,044

-52.8

4,674

10,570

-55.8

Saab Total

428

432

-0.9

905

817

10.8

Saturn Total

12,834

8,081

58.8

18,589

16,079

15.6

GM North America Total*

201,717

187,840

7.4

344,167

348,564

-1.3

Chevrolet Total

128

171

-25.1

239

285

-16.1

GMC Total

223

216

3.2

436

408

6.9

Other-Isuzu Total

793

662

19.8

1,327

1,168

13.6

GM Import Total

1,144

1,049

9.1

2,002

1,861

7.6

GM Light Truck Deliveries by Production Source and Marketing Division

Buick Total

5,222

8,323

-37.3

8,862

13,530

-34.5

Cadillac Total

6,283

5,292

18.7

11,546

8,943

29.1

Chevrolet Total

127,635

118,739

7.5

219,790

223,490

-1.7

GMC Total

40,075

32,241

24.3

67,444

59,172

14.0

HUMMER Total

4,177

5,645

-26.0

8,157

10,859

-24.9

Oldsmobile Total

0

28

***.*

0

29

***.*

Pontiac Total

2,855

6,044

-52.8

4,674

10,570

-55.8

Saab Total

428

432

-0.9

905

817

10.8

Saturn Total

12,834

8,081

58.8

18,589

16,079

15.6

GM North America Total*

199,509

184,825

7.9

339,967

343,489

-1.0

GM Light Truck Deliveries by Marketing Division

Buick Total

5,222

8,323

-37.3

8,862

13,530

-34.5

Cadillac Total

6,283

5,292

18.7

11,546

8,943

29.1

Chevrolet Total

127,635

118,739

7.5

219,790

223,490

-1.7

GMC Total

40,075

32,241

24.3

67,444

59,172

14.0

HUMMER Total

4,177

5,645

-26.0

8,157

10,859

-24.9

Oldsmobile Total

0

28

***.*

0

29

***.*

Pontiac Total

2,855

6,044

-52.8

4,674

10,570

-55.8

Saab Total

428

432

-0.9

905

817

10.8

Saturn Total

12,834

8,081

58.8

18,589

16,079

15.6

GM Total

199,509

184,825

7.9

339,967

343,489

-1.0

* Includes US/Canada/Mexico