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We’re Not Declaring Victory … But We’re Here to Report Progress

By Susan Docherty

Vice President, US SalesDocherty

Today, we reported October sales for the new GM of 177,603 units, up four percent from last October – our first US sales gain in 21 months. Retail sales were up 15 percent for the same period. So, while no one is declaring victory … we are seeing signs of progress.

Our estimated share of the US market for October was 21 percent.   That was better than September and significantly better than last October.

With 95 percent of our retail sales for the month attributed to Chevrolet, Buick, GMC and Cadillac, our sales mix is healthier than it was with eight brands.  Importantly, our six newest products (Equinox, Camaro, Traverse, LaCrosse, Terrain, and SRX) are off to a great start, showing improvement in traffic and sales compared to the models they replaced.  Camaro has outsold the Ford Mustang five months in a row; Equinox and Terrain are gaining share in the crossover segment; LaCrosse is bringing younger buyers to Buick; and SRX had the best month in its history.

We know we have a lot of work to do to earn consumer trust, change perceptions about our company and products, and strengthen relationships.  And, while we’re encouraged by consumer acceptance of our new vehicles and our October results, no one is celebrating.  We will continue to work hard every day to make our customers our top priority – and that means offering cars and trucks they “gotta have,” and giving them the service they deserve.

Stay tuned, and let us know what you think of our new products.

(Click here for a video in which Susan Docherty explains the sales numbers in more detail.)

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