DETROIT, Feb. 1, 2018 /PRNewswire/ -- General Motors
(NYSE: GM), which ended 2017 as the automaker with the
fastest-growing crossover sales in the
United States, today reported a 20 percent
year-over-year gain in the segment in January, along with a 7
percent increase in truck deliveries. GM total sales in January
totaled 198,548 units, up more than 1 percent.
Demand for Chevrolet trucks and crossovers was very robust,
helping the brand increase deliveries by 5 percent year over
year:
- Chevrolet was the fastest-growing crossover brand of 2017, and
January deliveries were up 40 percent. The all-new Equinox and
Traverse, as well as the Trax and Bolt EV, all posted their
best-ever January sales.
- Chevrolet's unique three-truck pickup strategy delivered a 17
percent increase in deliveries, with the Colorado up 25 percent and the Silverado up
15 percent. It was the best January ever for Silverado crew
cabs.
- Chevrolet Tahoe deliveries were up 22 percent.
"All of our brands are building momentum in the industry's
hottest and most profitable segments," said Kurt McNeil, U.S. vice president, Sales
Operations. "Chevrolet led the growth of the small crossover
segment with the Trax as well as the mid-pickup segment with the
Colorado. Now, we have the all-new
Equinox and Traverse delivering higher sales, share and transaction
prices."
Buick and GMC
Buick and GMC were major contributors to GM's year-over-year
growth in crossover sales and total sales. Buick also saw a major
acceleration in LaCrosse deliveries, which contributed to a
year-over-year sales increase of 4 percent for the brand.
- The GMC Terrain, which is all new for 2018, saw a 14 percent
increase.
- The GMC Canyon posted a 5 percent gain.
- Buick Envision sales were up 14 percent for the vehicle's best
January yet.
- Buick LaCrosse sales more than
doubled to 3,006 units.
Buick's crossover momentum will continue to grow with greater
availability of the redesigned Enclave, launched late last year,
and the Regal TourX, which began arriving in dealerships in
January.
Cadillac
Cadillac was strong in several segments, helping the brand earn
a 9 percent increase in retail deliveries.
- Retail sales of the Escalade were up 12 percent year over
year, the vehicle gained more than 2 points of retail segment share
and ATPs rose by about $2,300.
- In addition, retail deliveries of the Cadillac XT5 crossover
rose 9 percent, and the ATS and XTS were up 18 percent
and 30 percent, respectively.
Other GM Highlights (vs. 2017)
- Retail deliveries were down 2 percent and retail mix of
total sales was 76 percent.
- Fleet sales were up 16 percent, with combined Commercial and
Government deliveries up 44 percent and daily rental deliveries
down 7 percent.
- GM's incentive spending was 12.8 percent, down 1 point from a
year ago, and down 2 points month over month, according to J.D.
Power PIN estimates.
- Average transaction prices were up $1,270 year-over-year, according to J.D. Power
PIN estimates.
General Motors Co. (NYSE:GM) has leadership positions in
the world's largest and fastest-growing automotive markets. GM, its
subsidiaries and joint venture entities sell vehicles under the
Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, and
Wuling brands. 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
Forward-Looking Statements
This press release and related comments by management may
include forward-looking statements. These statements are
based on current expectations about possible future events and thus
are inherently uncertain. Our actual results may differ materially
from forward-looking statements due to a variety of factors,
including: (1) our ability to deliver new products, services and
experiences that attract new, and are desired by existing,
customers and to effectively compete in autonomous, ride-sharing
and transportation as a service; (2) sales of full-size pick-up
trucks and SUVs, which may be affected by increases in the price of
oil; (3) the volatility of global sales and operations; (4)
aggressive competition, including the impact of new market
entrants; (5) changes in, or the introduction of novel
interpretations of, laws, regulations or policies particularly
those relating to free trade agreements, tax rates and vehicle
safety and any government actions that may affect the production,
licensing, distribution, pricing, or selling of our products; (6)
our joint ventures, which we cannot operate solely for our benefit
and over which we may have limited control; (7) compliance with
laws and regulations applicable to our industry, including those
regarding fuel economy and emissions; (8) costs and risks
associated with litigation and government investigations; (9)
compliance with the terms of the Deferred Prosecution Agreement;
(10) our ability to maintain quality control over our vehicles and
avoid recalls and the cost and effect on our reputation and
products; (11) the ability of suppliers to deliver parts, systems
and components without disruption and on schedule; (12) our
dependence on our manufacturing facilities; (13) our ability to
realize production efficiencies and cost reductions; (14) our
ability to successfully and cost-efficiently restructure operations
in various countries with minimal disruption; (15) our ability to
manage risks related to security breaches and other disruptions to
vehicles, information technology networks and systems; (16) our
ability to develop captive financing capability through GM
Financial; (17) significant increases in pension expense or
projected pension contributions; and (18) significant changes in
the economic, political, and regulatory environment, market
conditions, and foreign currency exchange rates. A further list and
description of these risks, uncertainties and other factors can be
found in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2016, and our subsequent
filings with the Securities and Exchange Commission. GM
cautions readers not to place undue reliance on forward-looking
statements. GM undertakes no obligation to update publicly or
otherwise revise any forward-looking statements.
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SOURCE General Motors