GM Q1 Sales Jump 17% in Latin America, Africa & Middle East

Posted on 04/17/2007 under: News, General Motors

General Motors Latin America, Africa & Middle East (GM LAAM) region set a new Q1 sales record in 2007, selling over 269,000 vehicles, up approximately 39,000 units over the same period last year. Plus, GM's quarterly market share in the region increased 0.2 percent to 16.3 percent. Ten markets in the GM LAAM region posted Q1 sales volume gains year-over-year, with all-time quarterly records set by Argentina and Colombia. In addition, Brazil, Chile, Venezuela, South Africa, Egypt and the Middle East set Q1 sales records. Maureen Kempston Darkes, President of GM LAAM said, "LAAM's Q1 results illustrate that we are serious about growth -- LAAM sales now account for almost 12 percent of GM's global sales."

Kempston Darkes added, "We are continuing to focus on aggressive product launches, which are the drivers of our growth. In Q1 2007, we launched the Chevrolet Captiva across the region, GMC Acadia in the Middle East and the Cadillac BLS and SRX in South Africa."

LAAM also set a new monthly sales record of 102,258 vehicles in March 2007, up approximately 18,500 over last March.

GM LAAM is one of GM's four regional business units. It employs approximately 33,000 people throughout the region. GM LAAM markets vehicles under the Buick, Cadillac, Chevrolet, GMC, Hummer, Isuzu, Opel, Saab and Suzuki brands.

Source: GM