GM (GM) Misses March Estimate Amid Broader Pressure

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Go back to GM (GM) Misses March Estimate Amid Broader Pressure

GM (GM) total U.S. vehicle sales rose 6.4% in March; Est. at 12%

April 2, 2013 10:01 AM EDT

General Motors Co. (NYSE: GM) sold 245,950 vehicles in the United States in March, up 6 percent compared with a year ago. Retail sales increased 4 percent, fleet sales were up 12 percent and the fleet mix was 27 percent of total sales.

GM delivered its best March sales in five years thanks to a strengthening economy and new products, and we are expecting our third consecutive increase in market share versus last year , said Kurt McNeil, vice president of U.S. sales... More