FOR RELEASE: 2009-01-05

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GM Reports 221,983 Deliveries in December; 2,980,688 Vehicles Sold in 2008


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  • December deliveries up 30 percent compared with October and up 43 percent compared with November
  • Market share in December expected around 24 percent, up about 4 ppts compared with November, reflecting renewed APR rate support through GMAC
  • Second half 2008 share up nearly 2 ppts compared with first half
  • 2008 market share position anticipated to hold steady at just above 22 percent

DETROIT - General Motors dealers in the United States delivered 221,983 vehicles in December, down 31 percent compared with a year ago. However, total deliveries were 67,000 vehicles more than November's result, up more than 43 percent month over month. GM December car sales of 87,506 were off 25 percent and truck sales of 134,477 were down 35 percent compared with a year ago.

For the year, GM delivered 2,980,688 vehicles while maintaining an expected market share just above 22 percent. Annual deliveries were down 23 percent compared with 2007, largely due to building weakness in the marketplace throughout the year spurred by economic headwinds such as the dramatic reduction in credit availability experienced in the fourth quarter, coupled with historically low levels of consumer confidence. Additionally, the American Axle strike and several supply disruptions impacted GM's performance in the first half of the year.

"Given the ongoing challenges and the difficult market environment, we were very encouraged to see a volume rebound for GM in December compared with both October and November," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "We are building more vehicles than ever that provide great value and Americans enjoy owning. That is why, for the year, we are seeing our market share holding steady at just above 22 percent. That's 5 percentage points more and 760,000 vehicles more than our nearest competitor.

"Our outstanding cars, trucks and crossovers are enabling us to hold the leadership position in a very difficult market. Our Red Tag Event was well-received, and the ability to offer some 0% financing through our partner GMAC in the last week of the month also helped," LaNeve added.

Despite the weak market in December, Chevrolet Malibu continued its solid performance with total sales up 43 percent compared with last December. For 2008, Malibu sales of more than 178,000 vehicles were up 39 percent, making it the highest percentage gainer in the top 20 vehicles sold in America with a volume increase compared with 2007. With its six-speed transmission and four-cylinder engine combination, the Malibu delivers an EPA-estimated 33 mpg highway - tops in the industry's mid-car segment. The Malibu Hybrid also offers the lowest-priced hybrid in the segment. Additionally, with 4,500 retail vehicles delivered, the Chevrolet Traverse crossover nearly doubled its retail volume compared with November.

"We're really pleased about the strength of our Chevrolet brand, with the Malibu continuing to perform very well, and the Traverse crossover off to a strong start," LaNeve added. "Also, with a harsh winter and lower gas prices, our trucks and SUVs are continuing to perform well in their segments. With GMAC now able to provide more financing capacity, and with all the exciting new car and crossover launches including the Cadillac CTS Sport Wagon and SRX, Chevy Camaro and Equinox, and Buick LaCrosse in 2009, we are optimistic that with an overall market recovery we can begin to capitalize on the well-recognized product renaissance of all our brands."

A total of 2,555 GM hybrid vehicles were delivered in the month. Hybrid sales included: 981 Chevrolet Tahoe, 442 GMC Yukon and 306 Cadillac Escalade 2-mode hybrid SUVs delivered. There were 454 Chevrolet Malibu, 34 Saturn Aura and 338 Vue hybrids sold in December. In 2008, GM sold a total of 14,439 hybrid vehicles.

GM inventories dropped compared with a year ago. In December, only about 872,000 vehicles were in stock, down about 36,000 vehicles (or 4 percent) compared with last year. There were about 397,000 cars and 475,000 trucks (including crossovers) in inventory at the end of December.

Certified Used Vehicles

December 2008 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 43,070 vehicles, up 21 percent from December 2007.

GM Certified Used Vehicles, the industry's top-selling certified brand, posted December sales of 37,632 vehicles, up 24 percent from December 2007. Saturn Certified Pre-Owned Vehicles sold 888 vehicles, down 24 percent. Cadillac Certified Pre-Owned Vehicles sold 3,740 vehicles, up 11 percent. Saab Certified Pre-Owned Vehicles sold 548 vehicles, up 14 percent, and HUMMER Certified Pre-Owned Vehicles sold 262 vehicles, up 85 percent.

Total 2008 sales for all certified GM brands were 485,279 vehicles, down 5 percent from 2007. Annual sales for GM Certified Used Vehicles were 422,114 vehicles, down 6 percent. Saturn Certified Pre-Owned Vehicles sold 11,573 vehicles in 2008, down 9 percent. Cadillac Certified Pre-Owned Vehicles finished 2008 with sales of 41,598 vehicles, up 7 percent from 2007, while Saab Certified Pre-Owned Vehicles posted sales of 7,705 vehicles, up 6 percent, and HUMMER Certified Pre-Owned Vehicles sold 2,289 vehicles, up 71 percent.

"December sales for certified GM programs were strong, with GM Certified Used Vehicles up 24 percent over last December, as shoppers continue to seek value and peace of mind in a challenging economy," said LaNeve. "GM Certified finished 2008 as the sales leader among all manufacturer-certified pre-owned brands for the seventh consecutive year, and our Cadillac, Saab and HUMMER luxury certified brands each posted strong year-to-year sales increases."

GM North America Reports December, 2008 Production; Q1 2009 Production Forecast at 420,000 Vehicles

In December, GM North America produced 249,000 vehicles (105,000 cars and 144,000 trucks). This is down 3,000 vehicles or 1 percent compared with December 2007 when the region produced 252,000 vehicles (71,000 cars and 181,000 trucks). (Production totals include joint venture production of 10,000 vehicles in December 2008 and 15,000 vehicles in December 2007.)

GM North America built 823,000 vehicles (371,000 cars and 452,000 trucks) in the fourth-quarter of 2008. This is down 219,000 vehicles or 21 percent compared to fourth-quarter of 2007 when the region produced 1.042 million vehicles (358,000 cars and 684,000 trucks). Additionally, the region's 2009 first-quarter production forecast is now 420,000 vehicles (143,000 cars and 277,000 trucks), which is down about 53 percent compared with a year ago, and about 180,000 fewer than the previous forecast. GM North America built 885,000 vehicles (360,000 cars and 525,000 trucks) in the first-quarter of 2008. First quarter 2008 production was reduced nearly 100,000 vehicles due to the strike at American Axle.

General Motors Corp. (NYSE: GM), the world's largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 252,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 34 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. 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/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: 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; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; and changes in general economic conditions. 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.

# # #

*S/D Curr: 26
*S/D Prev: 26

December

(Calendar Year-to-Date)
January - December

2008

2007

% Chg Volume

%Chg per S/D

2008

2007

%Chg Volume

Vehicle Total

221,983

323,453

-31.4

-31.4

2,980,688

3,866,620

-22.9

Car Total

87,506

116,583

-24.9

-24.9

1,257,481

1,489,413

-15.6

Light Truck Total

132,524

203,254

-34.8

-34.8

1,697,338

2,333,198

-27.3

Light Vehicle Total

220,030

319,837

-31.2

-31.2

2,954,819

3,822,611

-22.7

Truck Total

134,477

206,870

-35.0

-35.0

1,723,207

2,377,207

-27.5

GM Vehicle Deliveries by Marketing Division

 

2008

2007

%Chg Volume

%Chg per S/D

2008

2007

%Chg Volume

Buick Total

8,909

14,400

-38.1

-38.1

137,197

185,791

-26.2

Cadillac Total

13,235

21,436

-38.3

-38.3

161,159

214,726

-24.9

Chevrolet Total

137,691

185,626

-25.8

-25.8

1,801,131

2,265,641

-20.5

GMC Total

29,783

45,503

-34.5

-34.5

376,996

505,746

-25.5

HUMMER Total

2,170

5,333

-59.3

-59.3

27,485

55,986

-50.9

**Other-Isuzu Total

0

0

***.*

***.*

0

7,906

**.*

Pontiac Total

16,446

30,211

-45.6

-45.6

267,348

358,022

-25.3

Saab Total

1,179

2,748

-57.1

-57.1

21,368

32,711

-34.7

Saturn Total

12,570

18,196

-30.9

-30.9

188,004

240,091

-21.7

GM Vehicle Total

221,983

323,453

-31.4

-31.4

2,980,688

3,866,620

-22.9

GM Car Deliveries by Marketing Division

 

2008

2007

%Chg Volume

%Chg per S/D

2008

2007

%Chg Volume

Buick Total

5,602

9,362

-40.2

-40.2

91,803

130,822

-29.8

Cadillac Total

7,214

13,458

-46.4

-46.4

105,293

131,192

-19.7

Chevrolet Total

54,871

57,207

-4.1

-4.1

715,193

756,875

-5.5

Pontiac Total

14,381

27,762

-48.2

-48.2

246,659

323,968

-23.9

Saab Total

804

2,156

-62.7

-62.7

17,708

27,454

-35.5

Saturn Total

4,634

6,638

-30.2

-30.2

80,825

119,102

-32.1

GM Car Total

87,506

116,583

-24.9

-24.9

1,257,481

1,489,413

-15.6

GM Light Truck Deliveries by Marketing Division

 

2008

2007

%Chg Volume

%Chg per S/D

2008

2007

%Chg Volume

Buick Total

3,307

5,038

-34.4

-34.4

45,394

54,969

-17.4

Cadillac Total

6,021

7,978

-24.5

-24.5

55,866

83,534

-33.1

Chevrolet Total

81,862

126,865

-35.5

-35.5

1,075,326

1,493,477

-28.0

GMC Total

28,788

43,441

-33.7

-33.7

361,739

484,932

-25.4

HUMMER Total

2,170

5,333

-59.3

-59.3

27,485

55,986

-50.9

Pontiac Total

2,065

2,449

-15.7

-15.7

20,689

34,054

-39.2

Saab Total

375

592

-36.7

-36.7

3,660

5,257

-30.4

Saturn Total

7,936

11,558

-31.3

-31.3

107,179

120,989

-11.4

GM Light Truck Total

132,524

203,254

-34.8

-34.8

1,697,338

2,333,198

-27.3

* Twenty-six selling days (S/D) for the December period this year and twenty-six for last year.

** Prior to Aug '07, includes American Isuzu Motors, Inc., dealer deliveries of commercial vehicles distributed by GM as reported to GM by American Isuzu Motors Inc.
Effective Aug '07, GM only includes GMC & Chevrolet dealer deliveries of commercial vehicles distributed by American Isuzu Motors, Inc.

 

December

(Calendar Year-to-Date)
January - December

2008

2007

% Chg Volume

%Chg per S/D

2008

2007

%Chg Volume

Selling Days (S/D)

26

26

   

26

26

 

Century

0

0

***.*

***.*

0

5

**.*

LaCrosse

1,451

3,540

-59.0

-59.0

36,873

47,747

-22.8

LaSabre

0

0

***.*

***.*

0

121

**.*

Lucerne

4,151

5,822

-28.7

-28.7

54,930

82,923

-33.8

Park Avenue

0

0

***.*

***.*

0

26

**.*

Buick Total

5,602

9,362

-40.2

-40.2

91,803

130,822

-29.8

CTS

4,396

6,777

-35.1

-35.1

58,774

57,029

3.1

DeVille

0

0

***.*

***.*

0

71

**.*

DTS

1,812

4,238

-57.2

-57.2

30,479

51,469

-40.8

STS

907

2,315

-60.8

-60.8

14,790

20,873

-29.1

XLR

99

128

-22.7

-22.7

1,250

1,750

-28.6

Cadillac Total

7,214

13,458

-46.4

-46.4

105,293

131,192

-19.7

Aveo

2,257

6,323

-64.3

-64.3

55,360

67,028

-17.4

Cavalier

0

0

***.*

***.*

0

57

**.*

Classic

0

0

***.*

***.*

0

17

**.*

Cobalt

12,786

17,591

-27.3

-27.3

188,045

200,620

-6.3

Corvette

1,324

2,914

-54.6

-54.6

26,971

33,685

-19.9

Impala

21,148

17,800

18.8

18.8

265,840

311,128

-14.6

Malibu

17,355

12,172

42.6

42.6

178,253

128,312

38.9

Monte Carlo

1

404

-99.8

-99.8

711

15,784

-95.5

SSR

0

3

**.*

**.*

13

244

-94.7

Chevrolet Total

54,871

57,207

-4.1

-4.1

715,193

756,875

-5.5

Bonneville

0

0

***.*

***.*

0

130

**.*

G5

2,464

2,509

-1.8

-1.8

25,439

27,928

-8.9

G6

7,706

17,107

-55.0

-55.0

140,240

150,001

-6.5

G8

1,479

0

***.*

***.*

15,002

0

***.*

Grand Am

0

0

***.*

***.*

0

99

**.*

Grand Prix

265

3,499

-92.4

-92.4

8,636

87,622

-90.1

GTO

0

16

**.*

**.*

52

4,200

-98.8

Solstice

401

1,286

-68.8

-68.8

10,739

16,779

-36.0

Sunfire

0

0

***.*

***.*

0

39

**.*

Vibe

2,066

3,345

-38.2

-38.2

46,551

37,170

25.2

Pontiac Total

14,381

27,762

-48.2

-48.2

246,659

323,968

-23.9

9-2X

0

0

***.*

***.*

3

118

-97.5

9-3

684

1,773

-61.4

-61.4

15,167

22,979

-34.0

9-5

120

383

-68.7

-68.7

2,538

4,357

-41.7

Saab Total

804

2,156

-62.7

-62.7

17,708

27,454

-35.5

Astra

1,155

0

***.*

***.*

11,968

0

***.*

Aura

3,186

5,319

-40.1

-40.1

59,380

59,964

-1.0

ION

1

676

-99.9

-99.9

315

47,873

-99.3

Saturn L Series

0

0

***.*

***.*

0

2

**.*

Sky

292

643

-54.6

-54.6

9,162

11,263

-18.7

Saturn Total

4,634

6,638

-30.2

-30.2

80,825

119,102

-32.1

GM Car Total

87,506

116,583

-24.9

-24.9

1,257,481

1,489,413

-15.6

 

December

(Calendar Year-to-Date)
January - December

2008

2007

% Chg Volume

%Chg per S/D

2008

2007

%Chg Volume

Selling Days (S/D)

26

26

26

26

Enclave

3,290

4,726

-30.4

-30.4

44,706

29,286

52.7

Rainier

2

104

-98.1

-98.1

117

4,819

-97.6

Rendezvous

3

37

-91.9

-91.9

27

15,295

-99.8

Terraza

12

171

-93.0

-93.0

544

5,569

-90.2

Buick Total

3,307

5,038

-34.4

-34.4

45,394

54,969

-17.4

Escalade

2,802

3,352

-16.4

-16.4

23,947

36,654

-34.7

Escalade ESV

1,226

1,533

-20.0

-20.0

11,054

16,370

-32.5

Escalade EXT

592

610

-3.0

-3.0

4,709

7,967

-40.9

SRX

1,401

2,483

-43.6

-43.6

16,156

22,543

-28.3

Cadillac Total

6,021

7,978

-24.5

-24.5

55,866

83,534

-33.1

Astro

0

0

***.*

***.*

0

25

**.*

C/K Suburban (Chevy)

6,055

6,773

-10.6

-10.6

54,058

83,673

-35.4

Chevy C/T Series

16

20

-20.0

-20.0

345

273

26.4

Chevy W Series

98

275

-64.4

-64.4

1,556

2,758

-43.6

Colorado

4,447

5,410

-17.8

-17.8

54,346

75,716

-28.2

Equinox

5,747

7,704

-25.4

-25.4

67,447

89,552

-24.7

Express Cutaway/G Cut

923

2,390

-61.4

-61.4

13,237

20,745

-36.2

Express Panel/G Van

4,735

7,243

-34.6

-34.6

60,427

77,375

-21.9

Express/G Sportvan

597

1,434

-58.4

-58.4

13,322

16,610

-19.8

HHR

6,869

9,650

-28.8

-28.8

96,053

105,175

-8.7

Kodiak 4/5 Series

683

1,014

-32.6

-32.6

7,125

9,848

-27.7

Kodiak 6/7/8 Series

161

245

-34.3

-34.3

1,586

2,410

-34.2

S/T Blazer

0

0

***.*

***.*

0

7

**.*

Tahoe

6,417

11,351

-43.5

-43.5

91,578

146,256

-37.4

TrailBlazer

4,087

12,072

-66.1

-66.1

74,878

134,626

-44.4

Traverse

4,935

0

***.*

***.*

9,456

0

***.*

Uplander

513

4,177

-87.7

-87.7

40,456

69,885

-42.1

Venture

0

0

***.*

***.*

0

25

**.*

Avalanche

3,197

5,101

-37.3

-37.3

35,003

55,550

-37.0

Silverado-C/K Pickup

33,340

53,560

-37.8

-37.8

465,065

618,257

-24.8

Chevrolet Fullsize Pickups

36,537

58,661

-37.7

-37.7

500,068

673,807

-25.8

Chevrolet Total

82,820

128,419

-35.5

-35.5

1,085,938

1,508,766

-28.0

Acadia

3,711

7,393

-49.8

-49.8

66,440

72,765

-8.7

Canyon

1,443

1,437

0.4

0.4

14,974

20,888

-28.3

Envoy

1,160

3,937

-70.5

-70.5

23,876

48,586

-50.9

GMC C/T Series

55

184

-70.1

-70.1

566

1,127

-49.8

GMC W Series

202

903

-77.6

-77.6

2,570

4,721

-45.6

Safari (GMC)

0

0

***.*

***.*

0

13

**.*

Savana Panel/G Classic

672

1,422

-52.7

-52.7

10,323

15,181

-32.0

Savana Special/G Cut

563

435

29.4

29.4

10,729

8,518

26.0

Savana/Rally

62

190

-67.4

-67.4

1,385

2,007

-31.0

Sierra

12,980

19,782

-34.4

-34.4

168,544

208,243

-19.1

Topkick 4/5 Series

391

481

-18.7

-18.7

7,841

8,929

-12.2

Topkick 6/7/8 Series

347

494

-29.8

-29.8

4,280

6,037

-29.1

Yukon

4,401

5,162

-14.7

-14.7

39,064

63,428

-38.4

Yukon XL

3,796

3,683

3.1

3.1

26,404

45,303

-41.7

GMC Total

29,783

45,503

-34.5

-34.5

376,996

505,746

-25.5

HUMMER H1

0

3

**.*

**.*

17

125

-86.4

HUMMER H2

374

1,150

-67.5

-67.5

6,095

12,431

-51.0

HUMMER H3

1,529

4,180

-63.4

-63.4

20,681

43,430

-52.4

HUMMER H3T

267

0

***.*

***.*

692

0

***.*

HUMMER Total

2,170

5,333

-59.3

-59.3

27,485

55,986

-50.9

Other-Isuzu F Series

0

0

***.*

***.*

0

1,116

**.*

Other-Isuzu H Series

0

0

***.*

***.*

0

61

**.*

Other-Isuzu N Series

0

0

***.*

***.*

0

6,729

**.*

Other-Isuzu Total

0

0

***.*

***.*

0

7,906

**.*

Aztek

0

0

***.*

***.*

0

25

**.*

Montana

0

0

***.*

***.*

0

26

**.*

Montana SV6

0

28

**.*

**.*

64

1,359

-95.3

Torrent

2,065

2,421

-14.7

-14.7

20,625

32,644

-36.8

Pontiac Total

2,065

2,449

-15.7

-15.7

20,689

34,054

-39.2

9-7X

375

592

-36.7

-36.7

3,660

5,257

-30.4

Saab Total

375

592

-36.7

-36.7

3,660

5,257

-30.4

Outlook

1,354

3,157

-57.1

-57.1

25,340

34,748

-27.1

Relay

3

73

-95.9

-95.9

163

1,474

-88.9

VUE

6,579

8,328

-21.0

-21.0

81,676

84,767

-3.6

Saturn Total

7,936

11,558

-31.3

-31.3

107,179

120,989

-11.4

GM Truck Total

134,477

206,870

-35.0

-35.0

1,723,207

2,377,207

-27.5

CONTACT(S):
John McDonald
GM Corporate News
313-667-3714 (office)
313-418-2139 (mobile)
john.m.mcdonald@gm.com







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