General Motors Misses February Sales Expectations

General Motors Company

reported on Tuesday that dealers in the United States delivered 231,378 vehicles in February. Total sales were up 4.2 percent compared to a year ago, below expectations of 6 percent, while retail sales grew 1.4 percent. In a press release, the company highlighted that sales of trucks, including SUVs, vans and pickups, were up 36 percent year over year and that commercial and fleet deliveries were up 12 percent. U.S. vice president of Sales Operations Kurt McNeil said, "Our new SUVs and crossovers, combined with the three-pickup strategy we outlined more than a year ago, are dovetailing perfectly with the growing U.S. economy and a stronger job market." Cadillac experienced a decline in retail sales of 18.4 percent YoY, the largest drop of the GM brands for February. For CY2015, total sales were up 10.3 percent YoY and retail sales were up 7.0 percent YoY. General Motors Company recently traded at $37.45, down 0.43 percent.