Truck Sales Big for GM

Chrysler had an 8.3% drop in domestic vehicle sales in February.
Publish date:

General Motors

(GM) - Get Report

reported a rare gain in U.S. auto sales for February, while the rest of Detroit's Big Three automakers reported more declines.

GM said Thursday that its sales rose 3.4% for the month compared with the same period last year, to 311,763 cars and trucks. The company's truck sales, helped by its new GMT900 lineup, rose 7.4%. Car sales slid 3.3%.

The world's largest automaker cut second-quarter production by 5% to 1.175 million cars and trucks. It also disclosed that it will delay the filing of its annual report with

Securities and Exchange Commission

. GM has already postponed reporting its fourth-quarter earnings results due to accounting complications for the second year in a row.


(F) - Get Report

said its February vehicle sales fell 13% from last year as it continued to ratchet back on low-margin sales to daily-rental companies.

Sales to car rental firms last month were down 30%, and sales to retail customers fell 8%, Ford said.

The No. 2 U.S. automaker said it sold 211,150 vehicles in the U.S. last month, compared with 244,021 vehicles a year earlier. Sales of passenger cars fell 22%, while sales of trucks and SUVs dropped 8.4%.

Sales of its F-Series pickup, Ford's longtime best seller, fell 12%.

The company plans to build 770,000 vehicles in the second quarter, down from last year's 897,000.




U.S.-based Chrysler unit reported an 8.3% drop in domestic sales in February.

Chrysler, which includes the Chrysler, Jeep and Dodge brands, posted total sales of 174,506 vehicles for the month, down from last year's 190,367.

Its German parent's Mercedes-Benz division posted a 0.3% drop in February U.S. sales.

DaimlerChrysler recently unveiled a sweeping restructuring plan for Chrysler, and it also said it was exploring strategic options for the struggling business. Executives wouldn't rule out a sale.