GM February Sales Beat Expectations
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| Small and Compact Car Sales up 43 percent
General Motors Co. (NYSE: GM) today reported total sales of 209,306 vehicles in February, up 1.1 percent compared with the company's very strong February 2011 results.
'Chevrolet's 6 percent sales increase, which was driven by new models, as well as a stronger economy, helped GM exceed last February's remarkably strong result,' said Don Johnson, vice president, U.S. Sales Operations. 'It's an affirmation of our progress. We are continuing to execute the same disciplined sales strategy that was the key to our success in 2011.'
Industrywide, February light vehicle sales will top 1.1 million units, thanks to stronger employment and credit availability, an improving housing market and the recovery in consumer sentiment, he added.