GM Sales up 19% in Latin America, Africa and Middle East
* GM Latin America, Africa & Middle East (LAAM) sold a record 1,235,913* million units in 2007
* GM LAAM sales volume up 200,600 units, an increase of 19.4%
* 2007 calendar year market share improves to 17.2%
* GM has been the vehicle sales leader in LAAM for 10 consecutive years
Miramar, FL - General Motors Latin America, Africa and Middle East (GM LAAM) region set an all-time CYTD record in 2007, selling 1,235,913* vehicles, up 200,600 units over 2006. GM’s volume increase of 19.4 percent for the year outpaced the industry growth rate for the region. In addition, LAAM’s annual market share increased to 17.2 percent for the year, representing its highest annual share.
GM LAAM sold an all-time quarterly record 341,000 units in the fourth quarter of 2007 to propel the growth. This constitutes an 18 percent increase year-over-year.
Maureen Kempston Darkes, GM group vice president and president of GM LAAM said, “LAAM had a solid year of growth. Strong demand for GM products, strong economies and the right product mix – lead by Chevrolet – all played a role in the growth for 2007.”
“We are effectively utilizing GM’s global product portfolio, investing in our markets, strengthening our dealer network and customer service and always evaluating new engineering and manufacturing opportunities. We are seeing significant growth in our emerging markets and, with some diligence, expect the growth to continue into 2008.”
GM LAAM’s record-breaking year was led by Brazil, which is now GM’s third largest market behind the U.S. and China. All-time records were set by GM in Argentina, Brazil, Chile, Colombia, Egypt and Venezuela. Chevrolet Corsa, Aveo and Celta were the top three sellers across the region in 2007.
*All figures are preliminary.
General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the annual global industry sales leader for 76 years. Founded in 1908, GM today employs about 274,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 35 countries. In 2006, nearly 9.1 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.
General Motors Latin America, Africa and Middle East (GM LAAM), with headquarters in Miramar, Florida, is one of GM’s four regional business units. GM LAAM employs approximately 34,700 people in 18 countries and has manufacturing facilities in Argentina, Brazil, Chile, Colombia, Ecuador, Egypt, Kenya, South Africa and Venezuela. GM LAAM markets vehicles under the Buick, Cadillac, Chevrolet, GMC, Hummer, Isuzu, Opel, Saab and Suzuki brands.
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