GM Sales Up 27% vs Consensus of 18%

• “Chevrolet Cruze posts best month since launch with 25,160 total sales
• GMC Terrain, Chevrolet Equinox set April sales records
• Retail sales rose 25 percent for April; up 35 percent year to date
• Incentives decline more than 10 percent while retail sales rise 4 percent from March

General Motors dealers in the United States reported 232,538 total sales in April, a 27-percent increase versus April a year ago. Solid gains by GM’s lineup of fuel-efficient passenger cars and crossovers powered the gains, led by the best sales month for the Chevrolet Cruze and record sales for the Chevrolet Equinox and GMC Terrain compact crossovers.

Retail sales, those to individual customers, rose 25 percent versus last April with cars and crossovers up 49 percent and 28 percent, respectively. Retail sales for the Cruze were 180 percent higher than the Chevrolet Cobalt it replaced. The Equinox and Terrain also posted retail sales records, up 53 and 61 percent respectively….”

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