Printer Friendly

GENERAL MOTORS REPORTS SALES

 DETROIT, Sept. 3 /PRNewswire/ -- General Motors (NYSE: GM) dealers in the United States today reported the following vehicle sales:
 Period Month to Date Calendar Year
 to Date(a)
 Aug. 21-31 Aug. 1-31 Jan. 1-Aug. 31
 1993 1992 1993 1992 1993 1992
 Total
 Vehicles 141,181 130,923 343,323 341,249 3,200,391 3,067,860
 Percent
 change per
 selling day +7.8 +0.6 +4.3
 Total
 Cars 87,822 78,240 210,117 200,454 2,009,003 2,011,096
 Percent
 change per
 selling day +12.2 +4.8 -0.1
 Total
 Trucks 53,359 52,683 133,206 140,795 1,191,388 1,056,764
 Percent
 change per
 selg? day +1.3 -5.4 +12.7
 Period Month to Date Calendar Year
 Division to Date
 Total Aug. 21-31 Aug. 1-31 Jan. 1-Aug. 31
 Vehicles 1993 1992 1993 1992 1993 1992
 Chevrolet 66,841 65,736 172,401 179,952 1,607,275 1,497,118
 Pontiac 17,633 15,890 39,459 37,950 391,480 389,364
 Oldsmobile 12,507 10,614 28,184 27,162 273,810 301,951
 Buick 16,472 14,143 39,259 36,193 337,828 353,763
 Cadillac 7,092 6,212 14,748 13,650 137,780 137,510
 Saab 567 892 1,396 2,282 13,004 18,261
 GMC Truck 13,094 12,085 31,915 32,022 279,625 240,140
 Saturn 6,975 5,351 15,961 12,038 159,589 129,753
 Domestic Sales
 Cars 84,684 73,324 201,641 189,499 1,953,712 1,926,032
 Light Duty
 Trucks 52,669 52,024 131,266 138,734 1,168,905 1,035,154
 NOTE: Nine selling days in the Aug. 21-31 period this year and nine selling days last year. Twenty-six selling days for the Aug. 1-31 period this year and 26 for last year.
 (a) -- Year-to-year percent change is not adjusted for selling days.
 The following comments covering August GM vehicle sales should be attributed to J. Michael Losh, vice president and group executive, Vehicle Sales, Service and Marketing, North American Operations:
 August vehicle sales, although not as robust as June and July, ended on a high note with solid increases for both cars and trucks during the final 10-day period in line with our overall expectations.
 Total August passenger car sales of 210,117 units were almost 5 percent over year-ago levels. Just as importantly, every GM car division recorded a substantial increase in retail sales for the month resulting in a total retail sales increase of approximately 12 percent. This increase helped offset the almost 50-percent reduction in fleet sales during the same period meeting a major goal of our overall marketing strategy.
 Truck sales during August were down some 5.4 percent due largely to the near sold-out condition of our compact S/T Pickup truck and shortages of certain full-size pickups with the extended cab option. We expect these shortages to diminish as we ramp up production of '94 models and begin deliveries to our dealer organization.
 GM business continues to run ahead of the economy as a whole as evidenced by our stronger retail sales performance.
 The long recession has resulted in a pent-up demand for both cars and trucks. That demand, coupled with low interest rates, provides a very positive environment for continued growth of our business. We fully intend to do everything we can to assure that trend continues.
 -0- 9/3/93
 /CONTACT: John Maciarz of General Motors, 313-556-2034/
 (GM)


CO: General Motors Corporation ST: Michigan IN: AUT SU:

ML-SB -- DE021 -- 8839 09/03/93 12:48 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 3, 1993
Words:609
Previous Article:NATIONALLY KNOWN PARK WEST GALLERY TO HOST PUBLIC AUCTION OF FINE ART IN STAMFORD, CONN.
Next Article:HSN TO BRING BACK AN ORIGINAL; CIRCOSTA'S BACK
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters