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Dołączył: 24 Lut 2011
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| Temat postu: GM sales jumps 11.4% in March on strong sport shoe |
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GM sales jumps 11.4% in March on strong demand
General Motors Co. said on Friday that it sold 206,621 vehicles last month, up 11.4 percent from a year ago,[link widoczny dla zalogowanych], as higher gasoline prices triggered demand for smaller and more fuel-efficient vehicles.The U.S. automaker said total U.S. sales in March for its four brands jumped to 206,[link widoczny dla zalogowanych],621 vehicles from 185,406 last year.
The GM increase in March was far below analysts'expectation of a 17 percent jump for overall U.S. sales,[link widoczny dla zalogowanych], as well as February's stronger-than-expected 49 percent gain, as GM backed off the high incentives it had been offering. GM said it cut rebates and other incentives in March by 600 to 800 dollars from the previous month.But the largest U.S. car company said it expected slower sales in March as it pulled back on discounts.
The company said its new Chevrolet Cruze compact sedan led the way in sales, reflecting a shift in demand,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], as U.S. gas prices jumped 25.1 cents per gallon in the past month, offering a strong boost to the sales of smaller and more fuel-efficient vehicle.
"Our plan was to get out of the gates quickly in the first quarter and we succeeded,[link widoczny dla zalogowanych]," said Don Johnson,[link widoczny dla zalogowanych], vice president,[link widoczny dla zalogowanych], U.S. Sales Operations. "Consumers responded favorably to the value of our broad lineup of fuel-efficient cars, trucks and crossovers."GM shares were up 2.5 percent or 78 cents to 31.81 dollars on the New York Stock Exchange on Friday morning.
Ford outsells GM in March U.S. sales
Ford Motor Co. outsold General Motors Co. last month for only the second time since 1998, as higher gasoline prices drove up demand for smaller and more fuel- efficient vehicles, such as the Fiesta subcompact and Explorer SUV.The company said on Friday that it sold 212,777 cars and trucks in March, up 19.2 percent from a year earlier,[link widoczny dla zalogowanych], which is 6,100 more than its Detroit rival, while GM remained the dominant seller for the first quarter,[link widoczny dla zalogowanych], 2011 with 592,[link widoczny dla zalogowanych],545 vehicles sold compared with Ford's 496,[link widoczny dla zalogowanych],720 sales.
Consumers'increasing interest in smaller and more fuel- efficient vehicle helped push sales up for Ford, as U.S. gas prices jumped 25.1 cents per gallon in the past month.Ford sold more than 12,[link widoczny dla zalogowanych],000 of the new Explorers in March, up 111 percent over a year ago, and the new Fiesta subcompact saw sales jump 56 percent from February.
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