General Motors reported today that combined sales for its four brands -- Buick, Cadillac, Chevrolet, and GMC -- were up 32 percent compared to the same time last year. A total of 138,849 vehicles rolled off dealership lots in February.
Officials point out that it was the company's new crossovers that dramatically helped boost sales. Chevrolet’s total sales grew 32 percent with retail transactions spiking 1 percent, bolstered by Equinox sales -- up a whopping 121 percent. GMC’s total and retail sales were up 26 and 25 percent, respectively, with Terrain sales jumping 303 percent (compared to the Pontiac Torrent, the vehicle it replaced).
Buick saw its total sales grow by 47 percent, and retail transactions increase by 18 percent. The LaCrosse continues to be the shining star for the division, as its retail sales grew by 100 percent. Cadillac saw retail and total sales climb 13 and 32 percent, respectively, with the largest growth posted by the new SRX (sales up 490 percent). GM also says its dealer inventory is steady at 420,000 units, or 30,000 units higher than last month. It's also 361,000 vehicles lower than last year. Source: GM