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Share Name | Share Symbol | Market | Type |
---|---|---|---|
General Motors Company | NYSE:GM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.19 | 0.43% | 44.86 | 45.545 | 44.505 | 45.03 | 10,046,012 | 01:00:00 |
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
Fleet sales remain strong
GM operating highlights
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.
View original content:http://www.prnewswire.com/news-releases/gm-sells-more-than-1-million-crossovers-again-in-2019-and-over-1-million-full-size-trucks-300980882.html
SOURCE General Motors Co.
Copyright 2020 PR Newswire
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