GM Announces Second Quarter Global Sales of More Than 2.28 Million Vehicles, Setting...

GM Announces Second Quarter Global Sales of More Than 2.28 Million Vehicles,
Setting Records in Three of Four Regions
- Total overseas sales grow 10 percent

DETROIT, July 23 /PRNewswire/ -- Record-setting sales performance in GM's
Latin America, Africa and Middle East, Asia Pacific and Europe regions during
the second quarter of 2008 helped General Motors sell more than 2.28 million
vehicles globally during the second quarter 2008. GM sales outside of its
North America region grew 10 percent (up 116,000 vehicles). Compared to second
quarter 2007, GM's total sales were down 5 percent, reflecting continuing
economic pressures and labor disruptions in the U.S. market, which pushed
North America sales down 20 percent (236,000 vehicles).
GM sold 4.54 million vehicles in the first half of 2008, keeping it on
track to exceed nine million vehicles for the fourth consecutive year. Sales
outside of North America grew by 209,000 vehicles during the same period. On a
year-over-year basis, GM total global sales were down 3 percent for the first
six months of 2008.
GM Continues Growth in Emerging Markets
"Our sales performance around the world shows that we are moving quickly
to respond to new market opportunities around the globe and are meeting
customer needs with fuel-efficient products that offer compelling design and
great value," Jonathan Browning, vice president, global sales, service and
marketing, said today. "Our global sales performance during the second quarter
was fueled by Chevrolet globally and Wuling and GM Daewoo regionally."
Chevrolet sales in Asia Pacific, the industry's second-largest region,
grew 27 percent compared with the second quarter a year ago. Chevrolet sales
in China (up 33 percent) and India (up 9 percent) powered much of this growth.
The Chevrolet brand was recently introduced in Vietnam, a new market with
strong growth. The Wuling brand continued strong growth in China with sales up
35 percent in the second quarter compared to the same period a year ago. The
Buick LaCrosse ECO-hybrid, made by GM's flagship venture Shanghai General
Motors, has just begun sales in China and is expected to be the first
mass-produced hybrid sedan in China's mid and above market segment.
In the Latin America, Africa and Middle East region -- a traditional
Chevrolet stronghold -- sales grew 18 percent compared with the second quarter
2007. Chevrolet accounted for nearly 90 percent of the region's second quarter
sales.
Chevrolet sales in Europe also contributed to the brand's solid
second-quarter results, growing 19 percent. Chevrolet is seeing strong growth
in emerging markets including Eastern Europe. For the first half of the year,
in Russia, Opel sales increased by 96 percent while Saab increased 81 percent
and Chevrolet was up 49 percent. Also in Russia, Cadillac saw a 51 percent
increase in first half sales and HUMMER was up 21 percent compared with a year
ago.
Chevrolet sales in North America were down 16.5 percent; however, GM is
adding production capacity to satisfy the strong demand for the all-new Malibu
sedan.
Sales of Cadillac outside of the United States grew 14 percent in the
second quarter, supported by strong growth of the brand in Latin America,
Africa and Middle East (up 28 percent), Asia Pacific (up 11 percent) and
Europe (up 7 percent). Cadillac expects a further boost to global sales with
the recently announced CTS coupe and restyled SRX crossover vehicle. In North
America, Cadillac sales declined about 8,000 vehicles, largely due to pressure
in the luxury SUV market.
Note: Global sales results are based on preliminary numbers reported and
have been rounded.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been
the annual global industry sales leader for 77 years. Founded in 1908, GM
today employs about 266,000 people around the world. With global headquarters
in Detroit, GM manufactures its cars and trucks in 35 countries. In 2007,
nearly 9.37 million GM cars and trucks were sold globally under the following
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling. 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 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: 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; our ability to
maintain adequate liquidity and financing sources and an appropriate level of
debt; and changes in general economic conditions. 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.

General Motors Corporation
Global Vehicle Sales(1)

Q2
2008 2007 % Chg
GMNA
Chevrolet 581,859 696,498 -16.5
GMC 108,474 153,653 -29.4
Pontiac 116,481 136,232 -14.5
Saturn 59,276 78,089 -24.1
Cadillac 45,129 53,572 -15.8
Buick 39,312 52,739 -25.5
HUMMER 6,741 14,841 -54.6
Saab 6,127 10,445 -41.3
Opel/Vauxhall 530 515 2.9
Other 0 3,710 0

Total 963,929 1,200,294 -19.7

GME
Opel/Vauxhall 430,280 434,484 -1.0
Chevrolet 137,359 115,439 19.0
Saab 19,837 23,091 -14.1
Cadillac 1,299 1,209 7.4
HUMMER 589 576 2.3
Other 336 255 31.8

Total 589,700 575,054 2.5

GMLAAM
Chevrolet 308,379 262,272 17.6
Opel/Vauxhall 10,973 12,254 -10.5
GMC 12,142 9,027 34.5
Cadillac 1,244 969 28.4
HUMMER 1,035 757 36.7
Buick 167 231 -27.7
Saab 105 116 -9.5
Other 12,040 8,325 44.6

Total 346,085 293,951 17.7

GMAP
Wuling(2) 156,921 115,774 35.5
Chevrolet 82,129 64,884 26.6
Buick 65,844 74,900 -12.1
Holden 35,528 41,091 -13.5
Daewoo 41,582 36,071 15.3
Cadillac 2,165 1,943 11.4
Saab 981 1,050 -6.6
Opel/Vauxhall 1,151 1,752 -34.3
HUMMER 439 104 322.1
Other 240 193 24.4

Total 386,980 337,762 14.6

GLOBAL
Chevrolet 1,109,726 1,139,093 -2.6
Opel/Vauxhall 442,934 449,005 -1.4
Wuling 156,921 115,774 35.5
GMC 120,616 162,680 -25.9
Buick 105,323 127,870 -17.6
Pontiac 116,481 136,232 -14.5
Cadillac 49,837 57,693 -13.6
Saturn 59,276 78,089 -24.1
Holden 35,528 41,091 -13.5
Daewoo 41,582 36,071 15.3
Saab 27,050 34,702 -22.1
HUMMER 8,804 16,278 -45.9
Other 12,616 12,483 1.1

Total 2,286,694 2,407,061 -5.0

CYTD
2008 2007 % Chg
GMNA
Chevrolet 1,150,404 1,339,347 -14.1
GMC 227,314 280,081 -18.8
Pontiac 216,667 239,814 -9.7
Saturn 111,102 139,964 -20.6
Cadillac 94,043 102,962 -8.7
Buick 80,757 98,877 -18.3
HUMMER 17,297 28,597 -39.5
Saab 12,925 18,377 -29.7
Opel/Vauxhall 918 1,039 -11.6
Other 0 6,733 0

Total 1,911,427 2,255,791 -15.3

GME
Opel/Vauxhall 848,308 862,764 -1.7
Chevrolet 268,867 216,712 24.1
Saab 39,418 45,310 -13.0
Cadillac 2,595 2,343 10.8
HUMMER 1,325 1,024 29.4
Other 422 643 -34.4

Total 1,160,935 1,128,796 2.8

GMLAAM
Chevrolet 597,567 501,486 19.2
Opel/Vauxhall 22,104 24,958 -11.4
GMC 22,906 16,644 37.6
Cadillac 2,629 1,822 44.3
HUMMER 2,200 1,695 29.8
Buick 428 543 -21.2
Saab 236 244 -3.3
Other 22,067 17,024 29.6

Total 670,137 564,416 18.7

GMAP
Wuling(2) 329,842 279,719 17.9
Chevrolet 168,926 126,596 33.4
Buick 146,539 157,498 -7.0
Holden 72,324 81,941 -11.7
Daewoo 71,208 70,723 0.7
Cadillac 3,980 3,966 0.4
Saab 1,841 2,058 -10.5
Opel/Vauxhall 1,755 2,958 -40.7
HUMMER 1,027 250 310.8
Other 468 413 13.3

Total 797,910 726,122 9.9

GLOBAL
Chevrolet 2,185,764 2,184,141 0.1
Opel/Vauxhall 873,085 891,719 -2.1
Wuling 329,842 279,719 17.9
GMC 250,220 296,725 -15.7
Buick 227,724 256,918 -11.4
Pontiac 216,667 239,814 -9.7
Cadillac 103,247 111,093 -7.1
Saturn 111,102 139,964 -20.6
Holden 72,324 81,941 -11.7
Daewoo 71,208 70,723 0.7
Saab 54,420 65,989 -17.5
HUMMER 21,849 31,566 -30.8
Other 22,957 24,813 -7.5

Total 4,540,409 4,675,125 -2.9

Notes:
(1) Quarterly sales data is preliminary and subject to change
(2) We own 34% of SGMW and under the joint venture agreement have
significant rights as a member as well as the contractual right to report SGMW
global sales in China as part of our global market share.
SOURCE General Motors Corporation

Susan Garontakos, GM Sales & Marketing Communications, +1-313-667-2702
(office), +1-313-268-6896 (mobile), susan.garontakos@gm.com