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General Motors Misses February Sales Expectations

General Motors Misses February Sales Expectations
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General Motors Company (NYSE: GM) 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.

Related Link: Ford Motor Posts Big Miss For February Sales

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 year-over-year, the largest drop of the GM brands for February.

For CY2015, total sales were up 10.3 percent year-over-year and retail sales were up 7.0 percent year-over-year.

General Motors recently traded at $37.45, down 0.43 percent.

Image credit: Crisco 1492, Wikimedia

Posted-In: auto salesNews Retail Sales Best of Benzinga


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