With the spring introduction of key new vehicles into the marketplace, our dealers are well equipped with a strong product lineup to help sustain our performance in tougher market conditions.

241

While demand is moderating, sales remain healthy on an historical basis.

237

Comparisons to a very strong year-ago November are difficult. However, our sales remain generally healthy.

224

GM and its dealers are coming off an extremely successful marketing effort with 'Keep America Rolling' and we intend to continue our sales momentum.

217

Industry sales have held up better than expected despite a backdrop of economic uncertainty, and we think this trend will characterize all of 2001.

197

Our retail sales were strong again in March and we exceeded our expectations despite another substantial reduction in daily rental fleet volume. We continue to exceed our year ago retail levels, our share continues to stabilize and our inventories remain lean.

165

Our new Joint Venture will allow GM and its dealers access to consumers who are interested in an all makes/all models independently branded online experience.

153

Our September sales performance was softer than expected. However, when you consider our exceptional sales performance in July and August, lean inventories, and the competitive environment, we expected there would be some weakening in September sales.

114

We never find a comfort level when sales are down, but it's important to keep in perspective that as the calendar year progresses, industry moderation is expected. The sales environment is still very encouraging and we are committed to maintaining our market momentum, particularly with our core products.

108