Sales Release

News

General Motors

Corporation

GM Communications

Detroit, Mich., USA

media.gm.com

For Release: 1:45 p.m. ET

March 3, 2009

EX-99.1 2 dex991.htm SALES RELEASE Sales Release

Exhibit 99.1

GM Reports 127,296 Deliveries in February

•

Chevrolet retail cars continue to gain share, led by Malibu’s 33 percent retail sales gain compared with last year

•

Chevrolet Traverse, GMC Acadia, Buick Enclave and Saturn Outlook drive mid-utility crossover retail sales up 35 percent, share up 10 percentage points, compared with a year ago

•

GMAC retail penetration increased dramatically to more than 30 percent of sales in February; Credit Union-financed sales now about 10 percent of total

DETROIT – General Motors dealers in the United States delivered 127,296 vehicles in February, down 52.9 percent compared with a year ago, driven by a 75 percent reduction in fleet sales. However, GM’s car sales compared with January were up nearly 23 percent, and crossover sales increased 6 percent, as financing availability continued to improve and slightly more fleet orders were able to be filled. Retail sales for the month were off 43 percent compared with a year ago in a total industry vehicle market estimated to be the weakest February since 1967.

“It remains a tough and challenging market, but seeing some upticks in volume and showroom traffic compared with last month is encouraging. Our new products continue to take hold in the market and we are estimating retail share increases with Malibu, Traverse, Enclave, HHR, Cobalt and G6. This is in line with our viability plan which is focused on passenger cars and crossovers in addition to our strong truck lineup,” said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. “With the 2010 Camaro launching this month, closely followed by the Buick LaCrosse, Chevy Equinox and GMC Terrain, we are adding even more world-class, fuel-efficient cars and crossovers to our lineup.”

GM February total car sales of 53,813 were off 50 percent and total truck sales (including crossovers) of 73,483 were down 55 percent compared with a year ago.

MORE

The newly-launched Chevrolet Traverse crossover continues to gain traction in the marketplace with total sales of more than 6,400 vehicles, up 23 percent from January. Chevrolet’s crossover portfolio of HHR, Equinox and Traverse combined for 11,796 retail sales in February, a 7 percent increase compared with last year. Malibu retail sales were up 33 percent compared with a year ago.

“All of our new product launches in the 2009-2014 timeframe are cars or crossovers, and with outstanding products like Malibu and Traverse already in the market, we’re building on a strong foundation,” LaNeve added. “We saw customers respond to our 0 percent reduced rate APR and bonus cash offers last month, so we’re doing what we can to keep sales rolling by extending most of those offers into March.”

A total of 1,087 GM hybrid vehicles were delivered in the month, illustrating the wide range of hybrid product offerings available. GM offers the Chevrolet Malibu, Tahoe and Silverado, GMC Yukon and Sierra, Cadillac Escalade, Saturn Aura and Vue hybrids. So far, in 2009, GM has delivered 2,010 hybrid vehicles.

GM inventories dropped compared with a year ago. At the end of February, only about 781,000 vehicles were in stock, down about 160,000 vehicles (or 17 percent) compared with last year. There were about 337,000 cars and 444,000 trucks (including crossovers) in inventory at the end of February. Inventories were reduced about 20,000 vehicles compared with January.

Certified Used Vehicles

GM certified total sales for February 2009 were down, impacted by the uncertain economic environment. GM Certified Used Vehicles, Saturn Certified Pre-Owned Vehicles, Cadillac Certified Pre-Owned Vehicles, Saab Certified Pre-Owned Vehicles, and HUMMER Certified Pre-Owned Vehicles, combined sold 33,014 vehicles.

MORE

GM Certified Used Vehicles, the industry’s top-selling certified brand, posted February sales of 28,204 vehicles, down 25 percent from February 2008. However, several brands saw an increase in sales from February 2008. Saturn Certified Pre-Owned Vehicles sold 828 vehicles, up 17 percent. Cadillac Certified Pre-Owned Vehicles sold 3,303 vehicles, up 1 percent. Saab Certified Pre-Owned Vehicles sold 476 vehicles, up 4 percent, and HUMMER Certified Pre-Owned Vehicles sold 203 vehicles, up 31 percent.

“Despite slow sales in February, the Certified Pre-Owned Program continues to be a bright spot for GM, our dealers and the automotive industry as a whole,” said LaNeve. “In particular, we are proud of the strong performance of our luxury CPO brands that continue to show good growth year-over-year. We are providing a tremendous value for customers and dealers in very challenging times for the industry and economy.”

GM North America Reports February 2009 Production; Q1 2009 Production Forecast remains at 380,000 Vehicles; Initial Q2 2009 Production Forecast at 550,000 Vehicles

In February, GM North America produced 135,000 vehicles (37,000 cars and 98,000 trucks). This is down 215,000 vehicles or 61 percent compared with February 2008 when the region produced 350,000 vehicles (129,000 cars and 221,000 trucks). (Production totals include joint venture production of 7,000 vehicles in February 2009 and 22,000 vehicles in February 2008.)

The region’s 2009 first-quarter production forecast remains unchanged from last month’s projection of 380,000 vehicles (118,000 cars and 262,000 trucks), which is down about 57 percent compared with a year ago. GM North America built 885,000 vehicles (360,000 cars and 525,000 trucks) in the first-quarter of 2008.

The region’s 2009 second-quarter production forecast is initially set at 550,000 vehicles (195,000 cars and 355,000 trucks), which is down about 34 percent compared with a year ago. GM North America built 834,000 vehicles (382,000 cars and 452,000 trucks) in the second-quarter of 2008.

MORE

General Motors Corp. (NYSE: GM), one of the world’s largest automakers, was founded in 1908, and today manufactures cars and trucks in 34 countries. With its global headquarters in Detroit, GM employs 244,500 people in every major region of the world, and sells and services vehicles in some 140 countries. In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM’s largest national market is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. 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: our ability to comply with the requirements of our credit agreement with the U.S. Department of Treasury; the availability of funding for future loans under that credit agreement; our ability to execute the restructuring plans that we have disclosed, our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; and changes in general economic conditions, 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. 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.

# # #

Contact:

John McDonald

GM Corporate News

313-667-3714 (office)

313-418-2139 (mobile)

john.m.mcdonald@gm.com

General Motors dealers in the United States reported the following deliveries:


*S/D Curr: 24	February				(Calendar Year-to-Date) January - February
*S/D Prev: 25	2009	2008	% Chg Volume	% Chg per S/D	2009	2008	% Chg Volume
Vehicle Total	127,296	270,423	-52.9	-51.0	256,523	522,988	-51.0
Car Total	53,813	107,592	-50.0	-47.9	97,756	211,966	-53.9
Light Truck Total	72,357	161,145	-55.1	-53.2	156,612	307,697	-49.1
Light Vehicle Total	126,170	268,737	-53.1	-51.1	254,368	519,663	-51.1
Truck Total	73,483	162,831	-54.9	-53.0	158,767	311,022	-49.0

GM Vehicle Deliveries by Marketing Division


	2009	2008	% Chg Volume	% Chg per S/D	2009	2008	% Chg Volume
Buick Total	6,196	12,768	-51.5	-49.5	13,165	25,517	-48.4
Cadillac Total	7,038	14,420	-51.2	-49.2	15,537	29,212	-46.8
Chevrolet Total	75,555	166,166	-54.5	-52.6	152,741	315,714	-51.6
GMC Total	16,204	33,237	-51.2	-49.2	35,324	65,507	-46.1
HUMMER Total	1,053	3,362	-68.7	-67.4	2,275	6,412	-64.5
Pontiac Total	14,200	23,935	-40.7	-38.2	23,304	46,960	-50.4
Saab Total	712	1,734	-58.9	-57.2	1,667	3,506	-52.5
Saturn Total	6,338	14,801	-57.2	-55.4	12,510	30,160	-58.5
GM Vehicle Total	127,296	270,423	-52.9	-51.0	256,523	522,988	-51.0

GM Car Deliveries by Marketing Division


	2009	2008	% Chg Volume	% Chg per S/D	2009	2008	% Chg Volume
Buick Total	2,825	8,820	-68.0	-66.6	7,073	18,036	-60.8
Cadillac Total	4,666	9,760	-52.2	-50.2	9,917	19,853	-50.0
Chevrolet Total	30,234	60,105	-49.7	-47.6	54,234	117,107	-53.7
Pontiac Total	13,213	21,716	-39.2	-36.6	20,677	42,229	-51.0
Saab Total	482	1,295	-62.8	-61.2	1,106	2,661	-58.4
Saturn Total	2,393	5,896	-59.4	-57.7	4,749	12,080	-60.7
GM Car Total	53,813	107,592	-50.0	-47.9	97,756	211,966	-53.9

GM Light Truck Deliveries by Marketing Division


	2009	2008	% Chg Volume	% Chg per S/D	2009	2008	% Chg Volume
Buick Total	3,371	3,948	-14.6	-11.1	6,092	7,481	-18.6
Cadillac Total	2,372	4,660	-49.1	-47.0	5,620	9,359	-40.0
Chevrolet Total	44,791	105,159	-57.4	-55.6	97,435	196,863	-50.5
GMC Total	15,608	32,453	-51.9	-49.9	34,241	63,926	-46.4
HUMMER Total	1,053	3,362	-68.7	-67.4	2,275	6,412	-64.5
Pontiac Total	987	2,219	-55.5	-53.7	2,627	4,731	-44.5
Saab Total	230	439	-47.6	-45.4	561	845	-33.6
Saturn Total	3,945	8,905	-55.7	-53.9	7,761	18,080	-57.1
GM Light Truck Total	72,357	161,145	-55.1	-53.2	156,612	307,697	-49.1

*	Twenty-four selling days (S/D) for the February period this year and twenty-five for last year.

Effective Aug ‘07, GM includes GMC & Chevrolet dealer deliveries of commercial vehicles distributed by American Isuzu Motors, Inc.


Global Market and Industry Analysis - Sales Reporting and Data Management		Page 1 of 4

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GM Car Deliveries - (United States)

February 2009


	February				(Calendar Year-to-Date) January - February
	2009	2008	% Chg Volume	% Chg per S/D	2009	2008	% Chg Volume
Selling Days (S/D)	24	25			24	25
LaCrosse	1,536	3,979	-61.4	-59.8	3,025	8,355	-63.8
Lucerne	1,289	4,841	-73.4	-72.3	4,048	9,681	-58.2
Buick Total	2,825	8,820	-68.0	-66.6	7,073	18,036	-60.8
CTS	3,259	5,118	-36.3	-33.7	6,677	10,652	-37.3
DTS	982	3,066	-68.0	-66.6	2,344	5,848	-59.9
STS	357	1,436	-75.1	-74.1	770	3,095	-75.1
XLR	68	140	-51.4	-49.4	126	258	-51.2
Cadillac Total	4,666	9,760	-52.2	-50.2	9,917	19,853	-50.0
Aveo	1,564	3,300	-52.6	-50.6	3,159	8,614	-63.3
Cobalt	8,317	16,958	-51.0	-48.9	13,508	34,268	-60.6
Corvette	1,027	2,071	-50.4	-48.3	1,869	4,086	-54.3
Impala	7,807	25,196	-69.0	-67.7	14,867	42,740	-65.2
Malibu	11,516	12,460	-7.6	-3.7	20,828	27,001	-22.9
Monte Carlo	3	120	-97.5	-97.4	3	396	-99.2
SSR	0	0	**.	**.	0	2	**.
Chevrolet Total	30,234	60,105	-49.7	-47.6	54,234	117,107	-53.7
G3 Wave	80	0	**.	**.	80	0	**.
G5	714	1,863	-61.7	-60.1	1,481	3,833	-61.4
G6	8,126	16,901	-51.9	-49.9	10,594	30,843	-65.7
G8	2,705	0	**.	**.	4,036	0	**.
GTO	0	5	**.	**.	0	11	**.
Grand Prix	53	878	-94.0	-93.7	135	2,277	-94.1
Solstice	248	717	-65.4	-64.0	552	1,575	-65.0
Vibe	1,287	1,352	-4.8	-0.8	3,799	3,690	3.0
Pontiac Total	13,213	21,716	-39.2	-36.6	20,677	42,229	-51.0
9-2X	0	1	**.	**.	0	1	**.
9-3	414	1,071	-61.3	-59.7	937	2,238	-58.1
9-5	68	223	-69.5	-68.2	169	422	-60.0
Saab Total	482	1,295	-62.8	-61.2	1,106	2,661	-58.4
Astra	706	542	30.3	35.7	1,530	757	102.1
Aura	1,508	4,833	-68.8	-67.5	2,846	10,141	-71.9
ION	1	44	-97.7	-97.6	1	219	-99.5
Sky	178	477	-62.7	-61.1	372	963	-61.4
Saturn Total	2,393	5,896	-59.4	-57.7	4,749	12,080	-60.7
GM Car Total	53,813	107,592	-50.0	-47.9	97,756	211,966	-53.9


Global Market and Industry Analysis - Sales Reporting and Data Management		Page 2 of 4

3-1P

GM Truck Deliveries - (United States)

February 2009


	February				(Calendar Year-to-Date) January - February
	2009	2008	% Chg Volume	% Chg per S/D	2009	2008	% Chg Volume
Selling Days (S/D)	24	25			24	25
Enclave	3,366	3,862	-12.8	-9.2	6,078	7,252	-16.2
Rainier	0	21	**.	**.	3	60	-95.0
Rendezvous	0	3	**.	**.	0	8	**.
Terraza	5	62	-91.9	-91.6	11	161	-93.2
Buick Total	3,371	3,948	-14.6	-11.1	6,092	7,481	-18.6
Escalade	1,238	1,955	-36.7	-34.0	2,591	3,862	-32.9
Escalade ESV	416	949	-56.2	-54.3	1,088	1,839	-40.8
Escalade EXT	166	360	-53.9	-52.0	501	743	-32.6
SRX	552	1,396	-60.5	-58.8	1,440	2,915	-50.6
Cadillac Total	2,372	4,660	-49.1	-47.0	5,620	9,359	-40.0
Chevy C/T Series	2	18	-88.9	-88.4	7	25	-72.0
Chevy W Series	48	112	-57.1	-55.4	143	267	-46.4
Colorado	1,685	4,827	-65.1	-63.6	5,096	10,624	-52.0
Equinox	3,462	8,674	-60.1	-58.4	8,865	16,539	-46.4
Express Cutaway/G Cut	646	1,416	-54.4	-52.5	1,398	2,634	-46.9
Express Panel/G Van	2,033	5,925	-65.7	-64.3	3,582	10,104	-64.5
Express/G Sportvan	239	1,449	-83.5	-82.8	656	2,603	-74.8
HHR	2,557	7,345	-65.2	-63.7	4,257	15,355	-72.3
Kodiak 4/5 Series	385	633	-39.2	-36.6	731	1,200	-39.1
Kodiak 6/7/8 Series	95	139	-31.7	-28.8	191	252	-24.2
Suburban (Chevy)	1,451	4,076	-64.4	-62.9	3,589	8,316	-56.8
Tahoe	4,490	8,587	-47.7	-45.5	8,339	15,937	-47.7
TrailBlazer	1,040	10,218	-89.8	-89.4	3,501	18,597	-81.2
Traverse	6,417	0	**.	**.	11,632	0	**.
Uplander	163	5,260	-96.9	-96.8	444	9,569	-95.4
Avalanche	820	3,286	-75.0	-74.0	2,301	6,367	-63.9
Silverado-C/K Pickup	19,788	44,096	-55.1	-53.3	43,775	80,218	-45.4
Chevrolet Fullsize Pickups	20,608	47,382	-56.5	-54.7	46,076	86,585	-46.8
Chevrolet Total	45,321	106,061	-57.3	-55.5	98,507	198,607	-50.4
Acadia	4,758	5,933	-19.8	-16.5	7,991	13,251	-39.7
Canyon	553	1,289	-57.1	-55.3	1,731	2,804	-38.3
Envoy	545	3,096	-82.4	-81.7	1,487	6,171	-75.9
GMC C/T Series	36	39	-7.7	-3.8	61	67	-9.0
GMC W Series	76	164	-53.7	-51.7	232	480	-51.7
Savana Panel/G Classic	382	849	-55.0	-53.1	771	1,594	-51.6
Savana Special/G Cut	292	527	-44.6	-42.3	1,062	988	7.5
Savana/Rally	113	114	-0.9	3.3	174	228	-23.7
Sierra	6,400	15,088	-57.6	-55.8	14,420	28,288	-49.0
Terrain	2	0	**.	**.	2	0	**.
Topkick 4/5 Series	208	325	-36.0	-33.3	426	588	-27.6
Topkick 6/7/8 Series	276	256	7.8	12.3	364	446	-18.4
Yukon	1,826	3,345	-45.4	-43.1	4,089	6,354	-35.6
Yukon XL	737	2,212	-66.7	-65.3	2,514	4,248	-40.8
GMC Total	16,204	33,237	-51.2	-49.2	35,324	65,507	-46.1


Global Market and Industry Analysis - Sales Reporting and Data Management		Page 3 of 4

3-1P

GM Truck Deliveries - (United States)

February 2009


	February				(Calendar Year-to-Date) January - February
	2009	2008	% Chg Volume	% Chg per S/D	2009	2008	% Chg Volume
Selling Days (S/D)	24	25			24	25
HUMMER H1	0	4	**.	**.	0	6	**.
HUMMER H2	143	750	-80.9	-80.1	353	1,498	-76.4
HUMMER H3	669	2,608	-74.3	-73.3	1,462	4,908	-70.2
HUMMER H3T	241	0	**.	**.	460	0	**.
HUMMER Total	1,053	3,362	-68.7	-67.4	2,275	6,412	-64.5
Montana SV6	0	12	**.	**.	0	20	**.
Torrent	987	2,207	-55.3	-53.4	2,627	4,711	-44.2
Pontiac Total	987	2,219	-55.5	-53.7	2,627	4,731	-44.5
9-7X	230	439	-47.6	-45.4	561	845	-33.6
Saab Total	230	439	-47.6	-45.4	561	845	-33.6
Outlook	1,016	2,181	-53.4	-51.5	1,960	4,122	-52.5
Relay	0	39	**.	**.	1	81	-98.8
VUE	2,929	6,685	-56.2	-54.4	5,800	13,877	-58.2
Saturn Total	3,945	8,905	-55.7	-53.9	7,761	18,080	-57.1
GM Truck Total	73,483	162,831	-54.9	-53.0	158,767	311,022	-49.0


Global Market and Industry Analysis - Sales Reporting and Data Management		Page 4 of 4

GM Production Schedule - 03/03/09

Memo: Joint Venture

GMNA

Total

Worldwide

GMNA ¹

International⁵

Units 000s

Car ¹

Truck ¹

Total

GME ²

GMLAAM ³

GMAP ⁴

Car

Truck

2009 Q1 # *

118

262

380

260

181

484

1,305

340

O/(U) prior forecast

2009 Q2 #

195

355

550

322

187

462

1,521

309

O/(U) prior forecast

GMNA

Total

GMNA ¹

International ⁵

Units 000s

Car

Truck

Total

GME

GMLAAM

GMAP

Worldwide

Car

Truck

2002

1st Qtr.

600

753

1,353

456

131

2,005

2nd Qtr.

688

865

1,553

453

141

2,221

3rd Qtr.

568

740

1,308

408

132

1,935

4th Qtr.

602

824

1,426

453

157

2,117

2,458

3,182

5,640

1,770

561

307

8,278

2003

1st Qtr.

591

860

1,451

491

127

2,146

2nd Qtr.

543

837

1,380

488

128

2,086

3rd Qtr.

492

753

1,245

393

135

120

1,893

4th Qtr.

558

827

1,385

446

157

133

2,121

2,184

3,277

5,461

1,818

547

420

8,246

2004

1st Qtr.

525

820

1,345

473

159

296

2,273

247

2nd Qtr.

543

846

1,389

503

172

337

2,401

284

3rd Qtr.

463

746

1,209

411

185

314

2,119

261

4th Qtr.

466

811

1,277

442

200

386

2,305

324

1,997

3,223

5,220

1,829

716

1,333

9,098

158

1,116

2005

1st Qtr.

470

712

1,182

502

185

335

2,204

286

2nd Qtr.

458

789

1,247

501

195

398

2,341

337

3rd Qtr.

423

723

1,146

412

207

409

2,174

199

4th Qtr.

483

798

1,281

443

188

420

2,332

197

1,834

3,022

4,856

1,858

775

1,562

9,051

218

1,019

2006

1st Qtr.

496

759

1,255

494

194

472

2,415

246

2nd Qtr.

462

775

1,237

495

206

482

2,420

258

3rd Qtr.

417

633

1,050

374

215

433

2,072

202

4th Qtr.

446

661

1,107

443

215

509

2,274

260

1,821

2,828

4,649

1,806

830

1,896

9,181

199

966

2007

1st Qtr.

399

664

1,063

511

222

544

2,340

287

2nd Qtr.

402

740

1,142

464

233

571

2,410

264

3rd Qtr.

367

653

1,020

396

251

489

2,156

252

4th Qtr.

358

684

1,042

457

253

627

2,380

323

1,526

2,741

4,267

1,828

960

2,231

9,286

161

1,126

2008

1st Qtr.

360

525

885

493

243

612

2,233

336

2nd Qtr.

382

452

834

495

276

619

2,224

320

3rd Qtr.

436

479

915

348

276

500

2,039

265

4th Qtr.

365

450

815

214

166

453

1,648

261

1,543

1,906

3,449

1,550

961

2,184

8,144

119

1,182

2009

1st Qtr. #

118

262

380

260

181

484

1,305

340

2nd Qtr. #

195

355

550

322

187

462

1,521

309

*	Variance reported only if current production estimate by region differs from prior production estimate by 5K units or more

#	Denotes estimate

All Numbers may vary due to rounding

1	GMNA includes joint venture production—NUMMI units included in GMNA Car; HUMMER and CAMI units included in GMNA Truck

2	GME includes GM-AvtoVAZ joint venture production beginning in Q1 2004

3	GMLAAM includes GM Egypt joint venture from 2001 through current calendar year

4	GMAP includes joint venture production: Shanghai GM Norsom Motors (formerly Jinbei GM) and Shanghai GM beginning in 2000 and SAIC-GM-Wuling and GM Daewoo Auto Technologies (GMDAT) beginning in Q1 2004.

5	International joint venture production includes GM-AvtoVAZ, GM Egypt, Shanghai GM Norsom Motors, Shanghai GM, SAIC-GM-Wuling, and GMDAT. Starting in Q3 2005 International joint venture production does not include GMDAT.

This report is governed by the Forward Looking Statements language found in the Terms and Conditions on the GM Institutional Investor website.