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GM Sales Rise 46%, Retail Strong

DETROIT ( TheStreet) -- GM (GM - Get Report) said sales rose 46% in February, far surpassing estimates.

The automaker said it delivered 207,028 vehicles during the month. "The gain in total sales was driven by soaring retail demand," GM said. Retail sales rose 70%, the biggest year-over-year gain in the company's history.

The Chevy Cruze

"We're off to a fast start this year, as we planned," said Don Johnson, vice president, U.S. sales operations, on the Tuesday morning sales call with analysts and reporters. "We even exceeded our own expectations." He said the seasonally adjusted annualized rate was close to 13 million vehicles.

Chevrolet delivered 142,919 vehicles in February, representing a 43% increase, with retail sales up 69%.

The Cruze, pictured above, sold 18,556 units; its retail sales were 212% higher than the compact car it replaced. The Buick Regal had its best month since launch, recording 3,541 retail sales. Meanwhile, pickup truck sales rose 65%, with retail sales up 83%.

-- Written by Ted Reed in Charlotte

>To contact the writer of this article, click here: Ted Reed

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