In 2008, GM sold 5.37 million vehicles outside the U.S., accounting for 64 percent of total global sales volume compared with 59 percent a year ago.
In the fourth quarter of 2008, GM sales of 1.70 million vehicles were down
26 percent compared with the same quarter a year ago. Most of that decline was
reflected in 379,000 fewer vehicles sold in
GM Continues Growth in Emerging Markets
"GM's 2008 sales performance shows that we are continuing to take
advantage of new emerging market opportunities and are meeting customer needs
with fuel-efficient products that offer compelling design and great value --
such as the award-winning Opel/Vauxhall Insignia in
"The challenges in the global financial markets, including credit tightening, the drop in commodity prices, and economic uncertainty continue to negatively impact overall demand for new vehicles," Browning added. "For the total global industry, we saw about 3.5 million fewer vehicles sold in 2008 than the previous year."
With these market challenges comes significant opportunity and GM is well-positioned with new products either on showroom floors or on the way in the near future.
Chevrolet sales in
In the
A large, relatively young population with a low car-per-capita ratio, hold promise for the market in years to come. Several new Chevrolet product launches are on tap for 2009 including the Cruze, Malibu, Traverse and Camaro.
Chevrolet sales in
A highlight of GM's
Sales of Cadillac outside of
Note: Global sales results are based on preliminary numbers reported and have been rounded.
General Motors Corp. (NYSE: GM), one of the world's largest automakers,
was founded in 1908, and today manufactures cars and trucks in 34 countries.
With global headquarters in
Note: GM sales and production results are available on GM Media OnLine at http://media.gm.com/us/gm/en 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: our ability to comply with the requirements of our credit agreement with the U.S. Department of Treasury; the availability of funding for future loans under that credit agreement; our ability to execute the restructuring plans that we have disclosed, our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; and changes in general economic conditions, market acceptance of our products; shortages of and price increases for fuel; significant changes in the competitive environment and the effect of competition on our markets, including on our pricing policies. 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.
General Motors Corporation Global Vehicle Sales(1) Q4 CYTD 2008 2007 % Chg 2008 2007 % Chg GMNA Chevrolet 422,040 614,281 -31.3 2,156,288 2,654,019 -18.8 GMC 85,958 142,567 -39.7 438,176 578,845 -24.3 Pontiac 62,812 110,742 -43.3 382,949 485,885 -21.2 Saturn 32,382 56,207 -42.4 206,733 265,901 -22.3 Cadillac 33,348 62,576 -46.7 170,481 225,032 -24.2 Buick 27,643 45,219 -38.9 154,275 201,690 -23.5 HUMMER 5,810 14,057 -58.7 29,968 59,141 -49.3 Saab 4,349 7,514 -42.1 23,186 35,175 -34.1 Opel/Vauxhall 418 736 -43.2 1,935 2,248 -13.9 Other 0 0 0 0 7,906 0 Total 674,760 1,053,899 -36.0 3,563,991 4,515,842 -21.1 GME Opel/Vauxhall 284,295 378,336 -24.9 1,458,769 1,629,863 -10 Chevrolet 121,856 128,012 -4.8 508,124 459,436 10.6 Saab 12,857 20,613 -37.6 66,582 85,206 -21.9 Cadillac 619 1,166 -46.9 4,556 4,759 -4.3 HUMMER 474 704 -32.7 2,286 2,322 -1.6 Other 63 188 -66.5 216 1,008 -78.6 Total 420,164 529,019 -20.6 2,040,533 2,182,594 -6.5 GMLAAM Chevrolet 240,391 308,699 -22.1 1,143,874 1,107,685 3.3 GMC 7,633 9,604 -20.5 42,384 34,209 23.9 Other 8,116 9,078 -10.6 40,950 35,883 14.1 Opel/Vauxhall 8,177 11,619 -29.6 39,764 49,353 -19.4 Cadillac 801 914 -12.4 4,377 3,596 21.7 HUMMER 758 1,165 -34.9 3,781 4,179 -9.5 Buick 83 250 -66.8 679 974 -30.3 Saab 172 100 72.0 521 451 15.5 Total 266,131 341,429 -22.1 1,276,330 1,236,330 3.2 GMAP Wuling(2) 149,020 132,047 12.9 606,499 516,435 17.4 Chevrolet 69,136 77,826 -11.2 311,971 274,773 13.5 Buick 68,758 95,575 -28.1 280,440 333,131 -15.8 Holden 32,569 37,059 -12.1 139,407 158,234 -11.9 Daewoo 19,244 34,550 -44.3 121,081 134,528 -10.0 Cadillac 1,394 2,188 -36.3 7,624 7,770 -1.9 Saab 543 890 -39.0 3,006 3,894 -22.8 Opel/Vauxhall 479 1,249 -61.6 2,632 5,251 -49.9 HUMMER 204 328 -37.8 1,538 703 118.8 Other 147 215 -31.6 895 956 -6.4 Total 341,494 381,927 -10.6 1,475,093 1,435,675 2.7 GLOBAL Chevrolet 853,423 1,128,818 -24.4 4,120,257 4,495,913 -8.4 Opel/Vauxhall 293,369 391,940 -25.1 1,503,100 1,686,715 -10.9 Wuling 149,020 132,047 12.9 606,499 516,435 17.4 GMC 93,591 152,171 -38.5 480,560 613,054 -21.6 Buick 96,484 141,044 -31.6 435,394 535,795 -18.7 Pontiac 62,812 110,742 -43.3 382,949 485,885 -21.2 Saturn 32,382 56,207 -42.4 206,733 265,901 -22.3 Cadillac 36,162 66,844 -45.9 187,038 241,157 -22.4 Holden 32,569 37,059 -12.1 139,407 158,234 -11.9 Daewoo 19,244 34,550 -44.3 121,081 134,528 -10.0 Saab 17,921 29,117 -38.5 93,295 124,726 -25.2 HUMMER 7,246 16,254 -55.4 37,573 66,345 -43.4 Other 8,326 9,481 -12.2 42,061 45,753 -8.1 Total 1,702,549 2,306,274 -26.2 8,355,947 9,370,441 -10.8 Notes: (1) Quarterly sales data is preliminary and subject to change (2) We own 34% of SGMW and under the joint venture agreement have significant rights as a member as well as the contractual right to report SGMW global sales in China as part of our global market share.
SOURCE General Motors Corporation