GM Sells 12-Millionth Used Vehicle at Auction

GM Sponsored Auctions Achieves Major Milestone at Flint Auto Auction Sale

2007-09-26, DETROIT - General Motors reached a landmark today with the sale of the 12-millionth GM remarketed vehicle at auction. The vehicle, a 2007 Buick LaCrosse, was sold today at a special sales event at the Flint Auto Auction in Flint, Mich., to Patsy Lou Buick GMC of Flint, Michigan. Today's GM Sponsored Auctions closed sale included 425 GM used vehicles.

"Flint Auto Auction has been a great General Motors sale over the past six years and we're pleased we can share this honor with our auction partners here," said Mark Mathews, director, GM Used Vehicle Activities. "This is a milestone that is the result of the contributions all of our auction venues have made over the last two decades. The Flint Auto Auction team and all our GM Sponsored Auctions understand that vehicle remarketing is about providing outstanding service and value to our dealers, from reconditioning and repairs to presenting the vehicles in the sale lanes."

"The Flint Auto Auction has done a tremendous job handling the GM and GMAC account over the years," said Dan Kennedy, national sales manager, GM Remarketing. "Their service to the GM dealers and preparation of the sale vehicles has been outstanding. In recognition of their hard work and efforts, GM wanted to give Flint Auto Auction the opportunity to showcase the 12-millionth vehicle sale event on our behalf."

Since its first GM auction in May of 2000, the Flint Auto Auction has sold more than 80,000 GM used vehicles. Today's auction featured 425 GM used cars and trucks. Nearly 220 dealers participated in today's sale.

Flint Auto Auction has hosted GM Sponsored Auctions closed sale since 2000. It holds a closed factory auction every other week on Wednesday, offering an average of 400 vehicles per sale and welcoming 250 GM dealers, who buy both in the lane and online, utilizing Pipeline Simulcast. Participating dealers hail from more than 30 states. A member of the ServNet Auction group, Flint Auto Auction is a participating member of AuctionPipeline.com, a Web initiative that provides auction customers with sales and market information as well as live, online bidding.

"GM's decision to sell its 12-millionth used vehicle here is a real tribute to the Flint Auto Auction team's commitment to meeting the needs of our factory customers and to the pride and dedication of the auction employees here," said Bill Williams, Jr., president, Flint Auto Auction. "We've had an excellent relationship with GM over the past seven years, working hard to develop programs and processes to help maximize resale value."

About GM Remarketing

General Motors has been a major participant in the growth of the auction industry over the last two decades. In 1983, GM used 10 auctions with total sales of nearly 20,000 vehicles. Today GM redistributes used, off-lease and off-rent vehicles through GM dealers, with the help of 41 GM Sponsored Auctions in the continental United States. This provides value not only for GM, but also provides a source that makes available high-quality used vehicles for GM dealers.

About General Motors

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 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 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 and Vauxhall. 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.

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Source: General Motors

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