Sale of GM models in April was strong

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Sales of General Motors ( GM ) vehicles skyrocketed 26 percent last month, propelled by consumers with fuel-efficient inclinations and reduced production of competitor companies' models because of the early March natural disasters which struck Northern Japan.

Reuters reports three GM models performed exceptionally strongly in April: the Chevrolet Cruze soared 180 percent while replacing the Cobalt; the Chevy Equinox surged 53 percent; and the GMC Terrain increased 61 percent.

The sale of 232,538 cars in April was 27 percent higher than the amount sold in April 2010. Thus far this year, car sales at GM are 35 percent higher than the same point last year.

GM attributed the increases to the rising price of gas , which in many regions of the U.S. is $4 per gallon. Many consumers are trading in larger models for smaller, more efficient vehicles. Ford ( F ) is selling lots of its Focus model, which gets almost 40 miles per gallon.

Both Honda ( HMC ) and Toyota ( TM ) continue suffering from the March 11 earthquake and subsequent tsunami. The release of the 2012 Honda Civic Hybrid has been delayed and Toyota's capacity remains halved.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , Business

Referenced Stocks: F , GM , HMC , TM

Henry Brier


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