GM sales jump 27% on small car sales gains
Tue, 03 May 2011 16:18:52 GMT —
General Motors' U.S. sales of cars and truck jumped 27% in April as the economy continued to improve and $4 a gallon gasoline pushed buyers into more efficient vehicles.
The largest U.S. car company says it sold 232,538 vehicles last month, led by small cars and crossover vehicles
GM says it sold more than 25,000 Chevrolet Cruze compact cars. It was the best month for the Cruze since it was introduced last fall.
GM is the first major car company to report U.S. sales on Tuesday.
Analysts expect overall industry sales in the U.S. to increase 19% from April 2010.
GM says it expects to gain market share in April even though it cut spending on discounts.
Do you think the rising gas prices will put the brakes on General Motors' turnaround? Post your comments below.