General Motors (GM) February U.S. auto sales increased 4.2% during the month of February, beating consensus estimates of a 2.5% increase.
GM's total sales increased 237,388 units, vs. February 206, while the retail sales totaled 188,715 units, representing a 5% increase from a year ago.
GM's average transaction price rose $570 per unit to $34,900, a February record for the company.
"Our retail-focused go-to-market strategy is delivering robust results," U.S. vice president, Sales Operations Kurt McNeil said. "All of our brands grew their average transaction prices by healthy amounts, and we delivered solid growth in the industry's fastest-growing and most profitable segments."