GM Sees 21% Sales Gain in March

GM, the first automaker to report March numbers, said sales of its four core brands rose 43%.
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DETROIT (

TheStreet

) -- 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."

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.