GM February 2013 US Sales: Group Sees 7% Rise In Sales; Rising Housing Market Boosts Pickup Truck Demand
By Angelo Young | March 2, 2013 3:11 AM EST
General Motors Co. (NYSE:GM), North America’s largest automaker, reported a 7 percent rise in total sales in February, to 224,314 units, compared to the same month last year.
Retail sales, which exclude fleet purchases like government vehicles and rental agency orders, were up in all of the group’s categories by double digits in the first two months of the year. The largest brand, Chevrolet, saw retail sales rise 10.1 percent while total GM retail sales for January and February were up 14.2 percent compared to the same period last year.
The company also estimated that February's seasonally adjusted annualized rate for total U.S. passenger car and light truck sales will be 15.5 million vehicles, an upward revision from last month’s 15.3 million.
In total, the Detroit Three automakers – including Ford Motor Company (NYSE:F) and Chrysler LLC, a subsidiary of Italian company Fiat SpA (Milan:F) – said Friday they sold 559,151 vehicles in the U.S. last month.
“The housing sector has now joined auto sales in propelling the U.S. economy forward,” said Kurt McNeil, GM’s vice president of U.S. sales. “More importantly, the recovery in new home construction is reinforcing the underlying improvement in auto buying conditions, especially for pickups.”
America is a pickup-driving country, and GM is second to Ford in market share for that popular vehicle type. Pickup truck sales in particular often coincide with growth in the housing sector as contractors see more business and feel more confident in replacing their old work horses. Enticing financing has made that decision easier to make.
Last month GM saw sales of full sized pickup total truck sales rise 28 percent to 58,039 units.
Winners included: the Chevrolet Equinox mid-sized crossover, which saw a 15.7 percent rise in unit sales last month; the Chevrolet Silverado pickup truck, whose sales rose 28.9 percent; and the GMC Sierra, with a 25 percent spike.
In the losers category: the four door compact Chevrolet Cruze (down 12.1 percent), the Malibu mid-sized sedan (down 25.9 percent) and the Camaro muscle car (down 10.9 percent).
To contact the editor, e-mail:
Most Popular Slideshows
- ‘Sons of Anarchy’ Season 7 Finale Spoilers: Kurt Sutter On Ending The Biker Series And Picking The Right Song For The Final Ride
- Prince Charles’ Wife Camilla Parker-Bowles In Drug Scandal - Reports
- Prince Harry Kissing Mystery Blond, Cressida Bonas & Camilla Thurlow Are Distant Memory
- St. Louis Rams 28, Seattle Seahawks 26 [PHOTOS]
Join the Conversation
- Honda Connect a System Based on Android and NVIDIA Tegra Processor To make Driving Easy
- Over 1,000 New Jobs Available at Oakville Assembly – Ford of Canada
- 2015 Ford Mustang: Right-Hand Drive Pony Car To Be Available In Australia Next Year
- Upcoming Ford Falcon Can Save Life with 000 Technology During Crash
- All-New Mazda2 to Roll Out in Australia This Summer
- Galaxy Note 4 vs Redmi Note 2 vs iPhone 6: Samsung in Danger with Depressing Q3
- iOS 8 Jailbreak Release Date Likely this October 2014 with Pangu not Evad3rs Firming Up as Creator
- Apple Inc. (AAPL) Stock Set to Soar Beyond $100 Despite Decline After New iPad Launch
- Russia Beefs Up Gold Reserves To Offset Heat of Sanctions And Undercut Dollar
- Top 4 Free-To-Download Apps for Fuller iPhone 6, 6 Plus Experience
- Battery Saving Android 5.0 Lollipop Feature Extends The Battery Life Of Your Android Device By 90 Minutes And Displays Orange Bar While Power Saving Mode Is On
- Australia's 'No Way' Anti-Asylum Seeker Poster Sparks Outrage