DETROIT, Sept. 1, 2017 /PRNewswire/ -- General Motors
(NYSE: GM) today reported U.S. August deliveries of 275,552
vehicles, up 7.5 percent from a year ago. Retail deliveries were up
4 percent, and the company estimates that it gained more than
one-half point of retail market share.
U.S. Commercial fleet deliveries were up 19 percent, and the
company has gained domestic Commercial market share for 13
consecutive months. Total fleet deliveries were up
24 percent.
"We had a very strong month, and grew our retail and commercial
fleet business on the strength of robust crossover sales at all
four of our brands," said Kurt
McNeil, U.S. vice president of Sales Operations. "But our
focus is on the unfolding crisis in Texas and what we can do to help our
customers, employees, dealers and everyone else impacted by the
flooding."
Alan Batey, president of GM North
America, added, "During this crisis, we have seen remarkable acts
of bravery and compassion. People are pulling together and helping
total strangers like they've been neighbors all their lives. It's
inspiring and we are there for all of you."
Since the storm, GM has marshaled teams from Chevrolet, Buick,
GMC, Cadillac, OnStar, GM Financial and Customer Care &
Aftersales to help with current and future needs across the
region.
Among the initiatives:
- GM is offering its OnStar Crisis Assist service to drivers of
close to one million GM vehicles in parts of Texas and Louisiana. By pressing the blue
OnStar button, customers will be connected to advisors who can
provide temporary no-charge access to emergency services, phone and
guidance services and 4G LTE Wi-Fi service (provided by
AT&T).
- GM Financial is assisting impacted customers with payment
arrangements and waiving related fees. Eligible customers who are
replacing a vehicle may qualify for a 90-day deferred first
payment.
- The company is moving used vehicle inventory to Chevrolet,
Buick, GMC and Cadillac dealerships so that people with
flood-damaged vehicles have access to rental cars and courtesy
transportation.
- The Customer Care & Aftersales team, including ACDelco, are
working to expedite the shipment of service parts, including
electronic components, engines, transmissions and batteries to the
region.
- Chevrolet, Buick, GMC and Cadillac are offering $1,000 in Disaster Relief Assistance to customers
in the most heavily impacted areas of Texas and Louisiana through Oct.
2, 2017. This money can be applied by anyone toward the
purchase of a new vehicle, and it can be used in addition to all
other retail incentives in the market.
- OnStar has handled more than 23,000 calls for assistance from
GM customers and is helping to support the American Red Cross with
its unusually high call volume because of Hurricane Harvey. GM
has donated $1 million to the
American Red Cross to provide immediate support to disaster relief
efforts around the country, and it has set up a donation web link
for employees, who have contributed more than $50,000 in less than four days.
Employees from GM facilities in Arlington and Fort
Worth are filling three semi-trailers full of personal care
items, bottled water and non-perishable food.
Chevrolet, Buick, GMC and Cadillac are launching websites to
give customers easy access to all of the things the brands are
doing to help the recovery effort.
August Retail Highlights (vs. August
2016 unless noted)
Chevrolet
- Best August since 2004 and best August crossover month
ever.
- The Traverse was up 83 percent, for its best month ever.
- The Equinox was up 67 percent.
- The Trax was up 11 percent, for its best August ever.
- The Chevrolet Bolt EV had its strongest sales ever, with 2,052
deliveries.
- According to PIN data, the Volt and Bolt EV combined for 46
percent of non-luxury, electric vehicle sales in August.
- Silverado LD crew cab was up 21 percent.
- The Impala was up 63 percent.
Buick
- The Encore, up 31 percent, had its best month ever.
- The Envision, up 78 percent, had its best August ever.
GMC
- GMC's ATPs hit a year-to-date record of $43,400, thanks the best-ever mix of Denali
models.
- August deliveries of the Acadia were up 36 percent, for its best August
ever, and sales have now grown year over year for 12 consecutive
months.
- Sales of the Terrain were up 66 percent, with shipments of the
all-new 2018 model starting to grow.
- Sierra LD crew cab was up 21 percent.
Cadillac
- The XT5 crossover was up 28 percent, for its second best month
since launch, bringing the combined SRX/XT5 year to date sales up
10 percent.
- August ATP was up nearly $1,400 to
$53,300.
Supplemental Data
- U.S. inventory levels are down about 85,000 vehicles from the
end of June to about 893,000 vehicles.
- The company is on track to meet its inventory target, which is
to end the year with stocks at or below last year's level of about
850,000 vehicles, with fewer cars and more trucks, crossovers and
utilities in the mix.
- According to JD Power PIN estimates, GM's August incentive
spending as a percent of ATP was 13.9 percent, in line with its
domestic competitors.
- Year to date, GM has the lowest daily rental mix of any
full-line automaker at about 8 percent of total sales. GM remains
on track to decrease daily rental sales by 50,000 units in
2017.
"Hurricane Harvey did have an adverse effect on deliveries
during the last week of August for every automaker but the key U.S.
economic fundamentals remain supportive of strong vehicle sales,"
said Mustafa Mohatarem, GM chief economist. "With the U.S. economy
strengthening, we anticipate retail sales will be strong for the
foreseeable future."
General Motors Co. (NYSE:GM, TSX: GMM) 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,
Jiefang, 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
Forward-Looking Statements
This press release and
related comments by management may include forward-looking
statements. These statements are based on current
expectations about possible future events and thus are inherently
uncertain. Our actual results may differ materially from
forward-looking statements due to a variety of factors, including:
(1) our ability to deliver new products, services and experiences
that attract new, and are desired by existing, customers and to
effectively compete in autonomous, ride-sharing and transportation
as a service; (2) sales of full-size pick-up trucks and SUVs, which
may be affected by increases in the price of oil; (3) the
volatility of global sales and operations; (4) aggressive
competition, including the impact of new market entrants; (5)
changes in, or the introduction of novel interpretations of, laws,
regulations or policies particularly those relating to free trade
agreements, tax rates and vehicle safety and any government actions
that may affect the production, licensing, distribution, pricing,
or selling of our products; (6) our joint ventures, which we cannot
operate solely for our benefit and over which we may have limited
control; (7) compliance with laws and regulations applicable to our
industry, including those regarding fuel economy and emissions; (8)
costs and risks associated with litigation and government
investigations; (9) compliance with the terms of the Deferred
Prosecution Agreement; (10) our ability to maintain quality control
over our vehicles and avoid recalls and the cost and effect on our
reputation and products; (11) the ability of suppliers to deliver
parts, systems and components without disruption and on schedule;
(12) our dependence on our manufacturing facilities; (13) our
ability to realize production efficiencies and cost reductions;
(14) our ability to successfully restructure operations in various
countries; (15) our ability to manage risks related to security
breaches and other disruptions to vehicles, information technology
networks and systems; (16) our ability to develop captive financing
capability through GM Financial; (17) significant increases in
pension expense or projected pension contributions; (18)
significant changes in the economic, political, and regulatory
environment, market conditions, and foreign currency exchange
rates; and (19) uncertainties associated with the consummation of
the sale of GM Financial's European financing subsidiaries and
branches to the Groupe PSA, including satisfaction of the closing
conditions. A further list and description of these risks,
uncertainties and other factors can be found in our Annual Report
on Form 10-K for the fiscal year ended December 31, 2016, and our subsequent filings
with the Securities and Exchange Commission. GM cautions
readers not to place undue reliance on forward-looking statements.
GM undertakes no obligation to update publicly or otherwise revise
any forward-looking statements.
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SOURCE General Motors