General Motors (GM) Reports 3.4% February Total Sales Increase

General Motors (NYSE: GM) reported a 3.4% total sales increase, compared with February 2006. The sales gain was due to an 11% retail sales increase. Retail and fleet sales by GM dealers in the United States totaled 311,763 vehicles, compared with sales of 301,545 in February 2006. Fleet sales were down 18% due to a planned 25% reduction in daily rental sales.

Retail truck sales were up 16% compared with February 2006 and total truck sales were up 7%.

In February, GM North America produced 348,000 vehicles (129,000 cars and 219, 000 trucks). This is down 59,000 units or 15 percent compared to February 2006 when the region produced 407,000 vehicles (155,000 cars and 252,000 trucks). ( Production totals include joint venture production of 20,000 vehicles in February 2007 and 26,000 vehicles in February 2006.)

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