Another Big Increase for GM Sales

By: Associated Press
By: Associated Press

General Motors' U.S. car and truck sales jumped 49 percent in February, aided by sweeter financing and lease deals.

The largest U.S. car company says it sold 207,000 vehicles last month as newer models continued to sell well in a slowly improving economy.

U.S. sales chief Don Johnson says GM's sales were strong across its model lineup. He says consumers are looking at small cars but have not yet changed buying habits due to higher gas prices.

GM sweetened incentives for buyers in January and February. But Johnson says the company will back off later in the year.

Industry analysts expect overall U.S. sales to rise about 20 percent from February of last year.

GM is the first major car company to report U.S. sales on Tuesday.

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  • by Greg Location: Lansing on Mar 2, 2011 at 06:46 AM
    GM is not the only automaker that saw profits. Once Gas prices hit $4.00 mark again, the whole cycle will start over. Automakers will will struggle, consumers will not have enough extra money for higher insurance cost of a new car, and afford gas on top of a car payment. Do the math, in the past 6 months consumers are spending almost $15.00 more at the pump per week. That is $60.00 a month. Most consumers can't afford to spend $60.00 extra for gas, in addition to insurance increase, and car payment every month. Another Big Increase will not happen 3rd quarter. Please prove me wrong consumers... Spend it if you got it.
  • by Anonymous on Mar 1, 2011 at 09:19 AM
    We are finally stabilizing after the cash for clunker fiasco.
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