General Motors of Canada Limited

General Motors of Canada Limited

October 01, 2010 14:15 ET

Chevrolet-Buick-Cadillac Cars Show Momentum as Combined Sales Decline

OSHAWA, ONTARIO--(Marketwire - Oct. 1, 2010) - While Chevrolet, Buick, GMC, and Cadillac reported slower retail sales in September, down 19 percent for the month, year-to-date growth is tracking well-above industry rates, at 26 percent. Car sales in particular continue to perform well, posting retail growth of 56 percent in September, and over 44 percent calendar-year-to-date.

"Our sales grew 17 percent this quarter, and clearly September's results were impacted by the end of the GM Employee Pricing Event in August," said Marc Comeau, GM of Canada's vice-president of sales, service and marketing. "However, the employee discount program has also enabled an orderly transition from the past model year to the new model year, helping us lower our overall selling costs and positioning us well for profitable and sustainable growth."

In addition to strong car sales, the Canadian-made Chevrolet Equinox and GMC Terrain led launch products to impressive gains in September, with production capacity bolstered by the start of regular production for Equinox, in Oshawa, for one of North America's fastest-selling vehicles.

"Customers have embraced our newest products, maintaining momentum as we look forward to introducing the Chevrolet Cruze to Canadians in October," added Comeau.

The much-anticipated Chevrolet Cruze, already an international success in over 70 countries, arrives at dealers later this month. Cruze is expected to deliver segment-leading fuel economy, interior space, and standard safety features, setting new benchmarks for the compact segment.

GM announced today that it will offer leasing to Buick and Cadillac customers beginning October 4. October also marks the first full month for GM's innovative Smart Purchase financing option, offering low monthly rates and the option to return the vehicle after 48 or 60 months. Combined with the ongoing Canada Wide Clearance Event, now is a great time to visit a Chevrolet, Buick, GMC or Cadillac showroom to check out GM's leading range of award-winning, high-quality, fuel-efficient vehicles.

September 2010 Retail Sales Highlights

  • Chevrolet cars continue to show strong growth, up 59 percent. The fuel-efficient Chevrolet Cobalt posted its eighth consecutive monthly increase, almost doubling sales, bringing the CYTD increase to 94 percent.

  • Chevrolet crossovers delivered monthly increases as well, with the Canadian-made Equinox up 12 percent, and Traverse up 75 percent.

  • Buick sales were up almost 55 percent, led by strong car sales including LaCrosse, up 86 percent; Lucerne, up 77 percent; as well as the all-new Buick Regal.

  • GMC crossovers also posted gains, with the Ingersoll-built Terrain – recently ranking highest in its segment for JD Power APPEAL – up 210 percent. Acadia, recently receiving the Motorist Choice Award for Best Cargo Hauler (Popular Brand), was up 41 percent.

  • Cadillac once again delivered strong sales growth with an increase of 59 percent, led by a 39 percent increase for CTS and 151 percent increase from SRX, its ninth consecutive monthly increase.

Total GM fleet and retail sales were down almost 24.6 percent compared to last September when major clearance efforts were underway for discontinued brand inventories such as Pontiac.

GENERAL MOTORS OF CANADA SALES

MONTH of September 2010
    RETAIL TOTAL (Incl. Fleet)
    2010 2009 % Chg 2010 2009 % Chg
CAR
 
*CORE BRANDS 5362 3444 55.7% 6213 3705 67.7%
ALL BRANDS 5407 7070 -23.5% 6259 7407 -15.5%
TRUCK
 
*CORE BRANDS 8453 13657 -38.1% 11637 15776 -26.2%
ALL BRANDS 8454 14187 -40.4% 11638 16317 -28.7%
COMBINED
 
*CORE BRANDS 13815 17101 -19.2% 17850 19481 -8.4%
ALL BRANDS 13861 21257 -34.8% 17897 23724 -24.6%
               
CALENDAR YEAR TO DATE: September 30, 2010
    RETAIL TOTAL (Incl. Fleet)
    2010 2009 % Chg 2010 2009 % Chg
CAR
 
*CORE BRANDS 47510 33076 43.6% 58123 43564 33.4%
ALL BRANDS 54081 64814 -16.6% 64797 77921 -16.8%
TRUCK
 
*CORE BRANDS 95256 80039 19.0% 123799 104277 18.7%
ALL BRANDS 95492 98265 -2.8% 124047 123330 0.6%
COMBINED
 
*CORE BRANDS 142766 113115 26.2% 181922 147841 23.1%
ALL BRANDS 149573 163079 -8.3% 188844 201251 -6.2%
 
* CORE BRANDS represents sales from Chevrolet, Buick, GMC and Cadillac

About General Motors of Canada Limited

Headquartered in Oshawa, Ontario, General Motors of Canada Limited (GMCL) employs over 9,000 people across the country and is a recognized leader in green manufacturing. GMCL markets the full range of fuel-efficient Chevrolet, Buick, GMC and Cadillac vehicles and related services through Canada's largest automotive dealer network, which employs over 23,000 people dedicated to delivering a top customer experience. GMCL also plays a leadership role in automotive design and engineering, engaging in innovative research and development partnerships with leading Canadian universities and research institutes. In addition, through its Canadian Engineering Centres, GMCL conducts development activities ranging from cold weather testing to the advancement of key electric vehicle and green technologies. www.gm.ca.

Contact Information

  • GM Canada
    Jason Easton
    905-644-6044