General Motors Co. (NYSE: GM) sold 7.2 million vehicles globally in the first nine months of 2015. The company posted sales increases in four of its five largest markets, with record sales in China and strong retail sales gains in the United States. Total sales were down 1 percent, due primarily to the company’s previously announced decisions to strategically reduce its presence in certain markets, as well as difficult market conditions in South America.
“Our unwavering focus on the customer is paying off in our largest and most important markets as we execute one successful launch after another in the right segments,” said GM President Dan Ammann. “At the same time, we have reacted quickly to challenging macroeconomic environments in other markets and have shown the discipline to exit situations where we see no long-term path to acceptable returns.”
Examples of GM’s recent success include:
- GM truck sales in North America were up 16 percent in the first nine months of 2015, driven by a 17 percent increase in Chevrolet truck deliveries in the United States.
- Chevrolet had record crossover sales in North America in the same period, up 17 percent year over year.
- In China, crossovers like the Chevrolet Trax and Buick Envision represented more than 17 percent of sales by GM and its joint ventures in September, up from 6 percent a year ago.
- Cadillac had record sales in China with deliveries rising 12 percent to nearly 57,000 units.
GM is preparing to launch even more new trucks and crossovers during the next several months, including the all-new Cadillac XT5, a redesigned Chevrolet Silverado and a diesel-powered Chevrolet Colorado for North America, and the Baojun 560 in China. Key car launches include the all-new Chevrolet Malibu and Cruze in North America and the Opel Astra in Europe.
Additional Highlights (vs. 2014)
First Nine Months
- In the United States, Chevrolet has reported six consecutive months of retail sales and market share gains and has strategically reduced sales to rental companies by more than 50,000 units through September.
- Opel/Vauxhall increased its European market share and grew sales in 19 countries, including Italy, Spain, France, the U.K. and Germany.
- Buick had record deliveries in China, with sales up 4 percent to nearly 670,000 units.
- Baojun had record sales, with deliveries rising 236 percent to more than 270,000 units.
- GMC’s global sales increased 11 percent, and four of the brand’s SUVs and pickup trucks – the Yukon, Yukon XL, Sierra and Canyon – have the highest average transaction prices of any vehicles in their respective segments in the United States, according to J.D. Power PIN estimates.
- Among GM’s largest markets, sales rose in the United States, the U.K. and Canada.
- Opel/Vauxhall, Buick, Cadillac, GMC and Baojun all reported higher sales.
- Chevrolet had record crossover sales in the United States, up 24 percent, while Chevrolet U.S. truck sales increased 16 percent.
- Deliveries in South Korea were up 11 percent to record of nearly 43,000 units.
- Global sales were down 3 percent.
GM Global Sales: January – September 2015
|Region||Total Sales||YOY Change||Pct. Change||Total Sales||YOY Change||Pct. Change|
|GM North America||930,758||46,110||5.2%||2,685,342||126,257||4.9%|
|GM South America||150,142||(66,956)||(30.8%)||485,557||(156,749)||(24.4%)|
|GM China **||773,226||(33,902)||(4.2%)||2,492,428||38,215||1.6%|
|Quarter 3||Calendar Year-to-Date|
|Sales by Brand **||Total Sales||YOY Change||Pct. Change||Total Sales||YOY Change||Pct. Change|
GM North America = United States, Canada, Mexico, and other North American markets*
GM Europe = Western, Central and Eastern Europe
GM International = Asia-Pacific, Africa and the Middle East*
** Includes China retail sales
* Cuba, Iran, North Korea, Syria and Sudan are excluded from sales volume calculations