GM Reports October Production – 28 percent down compared with October 2008 image

In October, GM produced 228,000 vehicles (92,000 cars and 136,000 trucks). This is down 90,000 vehicles, or 28 percent compared with October 2008, when GM North America produced 318,000 vehicles (151,000 cars and 167,000 trucks). (Production totals include joint venture production of 15,000 vehicles in October 2009 and 11,000 vehicles in October 2008)

GM third quarter production was 531,000 vehicles (205,000 cars and 326,000 trucks), which was down 42 percent compared to the same quarter in 2008. GM North America built 915,000 vehicles (436,000 cars and 479,000 trucks) in the third quarter of 2008. However, third quarter production was substantially higher than production volumes for Q1 and Q2 2009 of 371,000 (up 43 percent) and 395,000 (up 34 percent), respectively.

GM’s 2009 fourth quarter forecast at 620,000 vehicles (239,000 cars and 381,000 trucks), which is down about 24 percent from a year ago. GM North America built 815,000 vehicles (365,000 cars and 450,000 trucks) in the fourth quarter of 2008. However, Q4 2009 production volumes represent a 17 percent increase compared to Q3 2009.

At October month-end, inventories of vehicles for U.S. dealers increased to 444,000 (172,000 cars and 272,000 trucks) compared to September, 2009 (157,000 cars and 267,000 trucks), an increase of 5 percent. Compared to month-end inventories for October 2008 (336,000 cars and 464,000 trucks), inventories decreased by 356,000 (164.000 cars and 192,000 trucks), or 45 percent.

Source: General Motors