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2012 December Sales 8-K




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549-1004
___________________

FORM 8-K
___________________

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) January 3, 2013
___________________

GENERAL MOTORS COMPANY
(Exact Name of Registrant as Specified in its Charter)
___________________


DELAWARE
(State or other jurisdiction of
incorporation)
001-34960
(Commission File Number)
27-0756180
(I.R.S. Employer
Identification No.)

300 Renaissance Center, Detroit, Michigan
(Address of Principal Executive Offices)

48265-3000
(Zip Code)

(313) 556-5000
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

___________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
 
¨
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
¨
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17-CFR 240.14a-12)
 
 
 
¨
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
¨
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





TABLE OF CONTENTS

ITEM 8.01 Other Events
Signature
Index to Exhibits
Sales Release and Charts Dated January 3, 2013






ITEM 8.01 Other Events

On January 3, 2013, General Motors Company issued a news release announcing December sales. The release and charts are attached as Exhibit 99.1.


EXHIBIT

Exhibit
Description
Method of Filing
 
 
 
Exhibit 99.1
Sales Release and Charts
Dated January 3, 2013
Attached as Exhibit






SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
 
GENERAL MOTORS COMPANY
(Registrant)


 
 
/s/ NICK S. CYPRUS
Date: January 4, 2013
By:
Nick S. Cyprus
Vice President, Controller and Chief Accounting Officer




2012 December Sales Press Release & Chart Exhibit 99.1


Exhibit 99.1

For Release: Thursday, Jan. 3, 2013, 10 a.m. EST

GM's U.S. Sales up 5 percent in December

DETROIT - General Motors Co.'s (NYSE: GM) U.S. dealers delivered the company's highest December sales in five years, with deliveries up 5 percent year over year to 245,733 vehicles.

December was also GM's best retail sales month of 2012. Retail volume was up 38 percent from November - about double the industry's estimated increase. Incentive spending was competitive with industry-wide levels, according to J.D. Power PIN estimates, and remains below many Asian and domestic competitors.

“All four GM brands increased their sales year over year in December and we were strong across the board in cars, crossovers and pickup trucks,” said Kurt McNeil, vice president of U.S. sales operations. “We also achieved an important fuel economy milestone. In December, GM became the first U.S. automaker to sell more than 1 million vehicles in a single year that get an EPA-estimated 30 mpg or better on the highway.”

December Highlights
•
Total GM passenger car sales increased 14 percent compared with a year ago. Crossover sales were up 2 percent and sales of trucks, which include pickups, vans and SUVs, were equal to a year ago.
•
Compared with November, total car sales increased 18 percent, truck sales increased 52 percent and crossover sales increased 22 percent.
•
Combined mini, small and compact car sales were up 52 percent year over year driven by continued strong Buick Verano, Chevrolet Spark and Sonic sales; a 27 percent increase for the Chevrolet Cruze; and a 72 percent increase for the Chevrolet Volt.
•
Cadillac posted a double-digit year-over-year sales increase for the third consecutive month.
•
Cadillac passenger car sales increased 64 percent year over year as the all-new ATS and XTS continue to establish themselves in the luxury market.
•
Year-over-year sales of the Chevrolet Silverado increased 6 percent and sales of the GMC Sierra were up 13 percent. GM pickup sales were the highest since September 2008.

Highlights
Dec. Total Sales
Total Change vs. Dec. 2011
Dec. Retail Sales
Retail Change vs. Dec. 2011
2012CY
Sales
2012 vs. 2011
2012 Retail Sales
Retail Change 2012 vs. 2011
Chevrolet
167,091
3.7%
123,021
0.9%
1,851,646
4.3%
1,269,679
3.0%
GMC
43,921
4.7%
37,626
(0.6)%
413,881
4.0%
349,168
2.4%
Buick
16,473
10%
15,659
8.9%
180,408
1.6%
162,986
5.7%
Cadillac
18,248
12.2%
16,775
5.0%
149,782
(1.7)%
140,625
2.4%
Total GM
245,733
4.9%
193,081
1.5%
2,595,717
3.7%
1,922,458
3.1%


“GM's strong finish in 2012, the industry's momentum and the overall health of the U.S. economy make us optimistic about 2013,” McNeil said. “The budget compromise reached in Washington this week




removes uncertainty and clears the way for full-year light vehicle sales to rise to the 15 million to 15.5 million unit range in 2013.”


Inventory
Units @
Dec. 31, 2012
Days Supply (selling day adjusted)
Units @
Nov. 30, 2012
Days Supply (selling day adjusted)
All Vehicles
717,025
76
788,194
106
Full-size Pickups
221,649
80
245,853
139


Industry Sales
Dec. SAAR (est.)
Calendar Year (est.)
Light Vehicles
15.6 million range
14.5 million range



General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling. 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.


CONTACT:
Jim Cain
GM Communications
313-407-2843
james.cain@gm.com


Forward-Looking Statements
In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended to identify forward-looking statements that represent our current judgment about possible future events. We believe these judgments are reasonable, but these statements are not guarantees of any events or financial results, and our actual results may differ materially due to a variety of important factors. Among other items, such factors might include: our ability to realize production efficiencies and to achieve reductions in costs as a result of our restructuring initiatives and labor modifications; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt, including as required to fund our planned significant investment in new technology; the ability of our suppliers to timely deliver parts, components and systems; our ability to realize successful vehicle applications of new technology; and our ability to continue to attract new customers, particularly for our new products. GM's most recent annual report on Form 10-K and quarterly reports on Form 10-Q provides information about these and other factors, which we may revise or supplement in future reports to the SEC.





 
December 
 
(Calendar Year-to-Date)
January - December
 
 
2012

2011

%Change Volume

 
2012

2011

%Change Volume

 
Enclave
6,052

5,555

8.9

 
56,703

58,392

(2.9
)
 
LaCrosse
4,074

5,360

(24.0
)
 
57,076

58,474

(2.4
)
 
Lucerne
1

712

(99.9
)
 
971

20,358

(95.2
)
 
Regal
1,526

3,086

(50.6
)
 
24,616

40,144

(38.7
)
 
Verano
4,820

261

***.*

 
41,042

265

***.*

 
Buick Total
16,473

14,974

10.0

 
180,408

177,633

1.6

 
ATS
2,979

—

***.*

 
7,008

—

***.*

 
CTS
3,372

5,420

(37.8
)
 
46,979

55,042

(14.6
)
 
DTS
—

166

***.*

 
465

11,589

(96.0
)
 
Escalade
1,371

1,890

(27.5
)
 
12,615

15,079

(16.3
)
 
Escalade ESV
927

1,119

(17.2
)
 
8,083

8,388

(3.6
)
 
Escalade EXT
256

262

(2.3
)
 
1,934

2,036

(5.0
)
 
SRX
6,400

7,324

(12.6
)
 
57,485

56,905

1.0

 
STS
4

78

(94.9
)
 
164

3,338

(95.1
)
 
XLR
—

—

***.*

 
—

12

***.*

 
XTS
2,939

—

***.*

 
15,049

—

***.*

 
Cadillac Total
18,248

16,259

12.2

 
149,782

152,389

(1.7
)
 
Avalanche
2,737

2,546

7.5

 
23,995

20,088

19.4

 
Aveo
3

24

(87.5
)
 
67

28,601

(99.8
)
 
Camaro
5,837

6,754

(13.6
)
 
84,391

88,249

(4.4
)
 
Caprice
245

99

147.5

 
3,734

880

324.3

 
Captiva Sport
2,707

1,983

36.5

 
36,935

7,038

424.8

 
Cobalt
—

5

***.*

 
11

856

(98.7
)
 
Colorado
1,293

2,970

(56.5
)
 
36,840

31,026

18.7

 
Corvette
1,291

1,038

24.4

 
14,132

13,164

7.4

 
Cruze
21,230

16,675

27.3

 
237,758

231,732

2.6

 
Equinox
19,551

18,195

7.5

 
218,621

193,274

13.1

 
Express
7,387

8,461

(12.7
)
 
76,808

71,943

6.8

 
HHR
—

150

***.*

 
21

37,012

***.*

 
Impala
9,641

10,479

(8.0
)
 
169,351

171,434

(1.2
)
 
Kodiak 4/5 Series
—

—

***.*

 
—

10

***.*

 
Malibu
11,630

13,034

(10.8
)
 
210,951

204,808

3.0

 
Silverado-C/K Pickup
50,699

47,787

6.1

 
418,312

415,130

0.8

 
Sonic
5,990

5,743

4.3

 
81,247

15,778

414.9

 
Spark
2,229

—

***.*

 
12,385

—

***.*

 
Suburban (Chevy)
5,956

5,930

0.4

 
48,116

49,427

(2.7
)
 
Tahoe
8,602

8,430

2.0

 
68,904

80,527

(14.4
)
 
TrailBlazer
—

—

***.*

 
—

33

***.*

 
Traverse
7,430

9,326

(20.3
)
 
85,606

107,131

(20.1
)
 
Volt
2,633

1,529

72.2

 
23,461

7,671

205.8

 
Chevrolet Total
167,091

161,158

3.7

 
1,851,646

1,775,812

4.3

 
Acadia
5,179

7,355

(29.6
)
 
78,280

79,288

(1.3
)
 
Canyon
315

716

(56.0
)
 
8,735

9,590

(8.9
)
 
Envoy
—

—

***.*

 
—

5

***.*

 
Savana
1,330

2,530

(47.4
)
 
20,650

17,268

19.6

 
Sierra
18,710

16,495

13.4

 
157,185

149,170

5.4

 
Terrain
11,516

7,724

49.1

 
97,786

83,179

17.6

 
Topkick 4/5 Series
—

—

***.*

 
—

5

***.*

 
Topkick 6/7/8 Series
—

—

***.*

 
—

8

***.*

 
Yukon
3,942

3,968

(0.7
)
 
27,818

34,250

(18.8
)
 
Yukon XL
2,929

3,172

(7.7
)
 
23,427

25,223

(7.1
)
 
GMC Total
43,921

41,960

4.7

 
413,881

397,986

4.0

 
GM Vehicle Total
245,733

234,351

4.9

 
2,595,717

2,503,820

3.7

 
 * 26 selling days for the December period this year and 27 for last year.