GM Sees 21% Sales Gain in March
DETROIT (
) -- General Motors said sales rose 21% in March, led by a 76% gain at Buick.
Buick sales were led by the LaCrosse, which rose 236% to 6,054 cars. Buick retail sales rose 34%. Overall, sales of GM's four retained brands totaled 185,406 during the month, a 43% gain for the four brands.
>>For Buick, China Takes the Wheel
"Our March results show continued progress toward our growth plan," said Susan Docherty, vice president of marketing, in a prepared statement. "By investing in our brands and remaining disciplined in our approach to the U.S. market, we posted solid results."
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Chevrolet dealers reported sales of 133,165, with retail sales up 24%. Sales of the Chevrolet Equinox rose 194%. To meet growing demand for the Equinox and the GMC Terrain, GM said it would increase production.
Month-end dealer inventory in the U.S. stood at about 428,000 units, up 8,000 from February and about 338,000 vehicles fewer than a year earlier.
Also Thursday,
Ford
(F) - Get Report
said its sales in China were up 84% in the first quarter.
-- Written by Ted Reed in Charlotte, N.C.
