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Friday, April 1, 2011

General Motors Q1 Sales Up 24.1% YoY (GM)

General Motors Q1 Sales Up 24.1% YoY (GM)



General Motors Co (NYSE:GM) reported Friday that its U.S. sales rose 9.6% year-over-year in March, to 206,621 vehicles.

First quarter sales rose at a blistering 24.1% year-over-year pace, to 592,545 vehicles.

Don Johnson, GM's vice president of U.S. sales operations, said, "Our plan was to get out of the gates quickly in the first quarter and we succeeded."

Chevy's Cruze sedan performed especially well, with sales increasing 287% over the compact car it replaced.

Shares of General Motors are trading down 0.16% at $30.98.

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