DETROIT, Jan. 3, 2020 /PRNewswire/ -- General Motors Co.
(NYSE: GM) announced today that it delivered 2,887,046 vehicles in
2019 in the United States. The
total included more than 1 million crossovers for the second year
in a row, an increase of 12.7 percent compared to 2018, and more
than 1 million full-size pickup trucks and SUVs.
"We've focused our resources on what our customers want –
crossovers and trucks – and that has paid off," said Kurt McNeil, vice president, U.S. Sales
Operations. "In addition to our industry leading crossover sales,
our full-size truck franchise is unmatched. We're pleased with our
full-size pickup launch and we look forward to launching our
segment-leading, all-new full-size SUVs in 2020."
Fourth quarter North American wholesales declined an estimated
25 percent year over year, due to the 40 day United Auto Workers
work stoppage. This includes the company's newly launched
heavy-duty full-size pickups, which were off approximately 17
percent.
"Our fourth-quarter stocks were leaner than we wanted, but as we
get ready to launch our all-new full-size SUVs, we look forward to
another solid year in 2020," McNeil added.
Fourth quarter customer deliveries totaled 735,909 units, down
6.3 percent year over year.
GM sold more than 1 million crossovers in the U.S. for the
second year in a row
GM had its best year ever for crossovers, achieving yearly
records in the compact, small and small luxury segments. Crossover
deliveries totaled 1,165,769 for the year, up 12.7 percent versus
2018. The following nameplates saw the largest sales increases year
over year:
Chevrolet
Trax
|
up 29.9
percent
|
GMC Acadia
|
up 12.2
percent
|
Buick
Envision
|
up 10.2
percent
|
Buick
Encore
|
up 10.0
percent
|
The Chevrolet Traverse and GM's best-selling crossover, the
Chevrolet Equinox, both continued to grow, achieving their
best-ever sales in 2019. The all-new Chevrolet Blazer mid-size SUV
debuted in 2019 and gained retail market share nearly every month.
Continuing this momentum, the Chevrolet Trailblazer small SUV will
arrive in showrooms this Spring.
Cadillac crossovers saw strong gains in 2019, up 22.4 percent
year over year, given a full year of sales of the all-new XT4,
continued popularity of the XT5, and debut of the XT6.
The Buick Encore GX will go on sale early this year.
Chevrolet and GMC full-size pickups drove the business in
2019
- Combined sales of the Chevrolet Silverado and the GMC Sierra
were strong, totaling 802,962 pickups in 2019, while combined
retail market share grew almost one full percentage point,
according to J.D. Power.
- Three out of every four full-size pickups GM sold were crew
cabs.
- Light-duty crew cab sales were up 15.1 percent compared to last
year.
- Heavy-duty crew cabs were up 2.6 percent year over year. In
2020, GM will increase capacity at Flint Assembly, where its HDs
are built, by 40,000 vehicles annually.
- GM has sold more full- and mid-size pickups combined in the
U.S. than any other competitor every year for the past six
years.
- Nearly every year since 1975, GM has had the best-selling
full-size truck franchise in the U.S. including full-size pickups
and SUVs.
Fleet sales remain strong
- GM's fleet mix was 19.7 percent in the fourth quarter and 21.8
percent for the year.
- Commercial and government deliveries made up more than half the
company's fleet sales, as planned, for the third year in a
row.
- Overall fleet sales for the year were up, driven by commercial
and government sales, in spite of the 40-day UAW work
stoppage.
GM operating highlights
- GM estimates that the light vehicle SAAR in the fourth quarter
was 17.1 million units.
- Average transaction prices were a record $37,558 in the fourth quarter and a record
$36,844 for the year, above industry
averages, according to J.D. Power PIN.
- GM's incentives as a percent of ATP were 14.1 percent for the
fourth quarter and 13.4 percent for the year, according to J.D.
Power PIN.
- Year-end 2019 inventory was 616,023 units, down 18.4 percent
from last year.
General Motors is a global company committed to
delivering safer, better and more sustainable ways for people to
get around. General Motors, its subsidiaries and its joint venture
entities sell vehicles under
the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands.
More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety and
security services, Maven, its personal mobility brand
and Cruise, its autonomous vehicle company, can be found
at http://www.gm.com.
Cautionary Note on Forward-Looking Statements: This press
release may include "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. We caution
readers not to place undue reliance on forward-looking statements.
Statements including words such as "anticipate," "appears,"
"approximately," "believe," "continue," "could," "designed,"
"effect," "estimate," "evaluate," "expect," "forecast," "goal,"
"initiative," "intend," "may," "objective," "outlook," "plan,"
"potential," "priorities," "project," "pursue," "seek," "should,"
"target," "when," "will," "would," or the negative of any of those
words or similar expressions to identify forward-looking statements
represent our current judgment about possible future events. In
making these statements we rely upon assumptions and analysis based
on our experience and perception of historical trends, current
conditions and expected future developments, as well as other
factors we consider appropriate under the circumstances. These
statements are not guarantees of future performance; they involve
risks and uncertainties and actual events or results may differ
materially from these statements. Factors that might cause such
differences include, but are not limited to, a variety of economic,
competitive and regulatory factors, many of which are beyond our
control and are described in our Annual Report on Form 10-K for the
year ended December 31, 2018, as well
as additional factors we may describe from time to time in other
filings with the U.S. Securities and Exchange Commission. We
undertake no obligation to update publicly or otherwise revise any
forward-looking statements, whether as a result of new information,
future events or other factors that affect the subject of these
statements, except where we are expressly required to do so by
law.
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SOURCE General Motors Co.