Fri 10:40 am: GM’s U.S. Sales Increase 7 Percent in February

DETROIT – General Motors Co. announced today that it sold 224,314 vehicles in the U.S. in February, up 7 percent compared with a year ago.

Retail sales and fleet sales both increased 7 percent. The fleet mix was 25 percent of total sales, equal to a year ago, the company announced. Chevrolet sales increased 5 percent over February 2012.

“The housing sector has now joined auto sales in propelling the U.S. economy forward,” said Kurt McNeil, vice president of U.S. sales operations. “More importantly, the recovery in new home construction is reinforcing the underlying improvement in auto buying conditions, especially for pickups.

“Light vehicle sales have now been running at a mid-15 million unit annual rate since November,” he added. “This sets us up well for the launches of key new products this year, including an all-new generation of Chevrolet and GMC full-size pickups and an all-new Chevrolet Impala and Cadillac CTS.”

The Cadillac CTS, along with the redesigned Buick LaCrosse and Regal, will be unveiled at the New York International Auto Show later this month.

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