General Motors (NYSE: GM) March U.S. Sales Down 14%

April 3, 2006 2:18 PM EDT
General Motors (NYSE: GM) March U.S. sales down 14%. Total car sales were down 22%, and truck sales were down 9%. GM says 2006 second-quarter production forecasts remains unchanged

GM's retail sales in March were down 17% compared to strong year-ago deliveries. Fleet sales were down 5%. Daily rental sales declined by 8% compared to last year. Commercial sales were up 7%.

GM's retail selling rate in March was 3.0 million units, a level that is consistent with GM North American Operations' turnaround strategy. The retail selling rate has stabilized in recent months, improving from just above 2.7 million units in the fourth quarter of 2005.

Saab also improved its retail sales performance in March, with retail deliveries up 15%. This increase was led by 9-3 sales and the addition of the 9-7X to Saab's portfolio.

Cadillac March retail sales were up 1.9%, Buick March retail sales were up 2.5%, Chevrolet March retail sales were down 15.1%, GMC March retail sales were down 20.9%, HUMMER March retail sales were up 175.9%, Pontiac March retail sales were down 23.5%, Saturn March retail sales were down 17.6%.

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