Gm Sales Fall By 7.5 Percent
General Motors Corp. continued to feel the effects of the slow rollout of its redesigned midsize cars and minivans in February as its U.S. sales fell 7.5 percent compared with a year ago.
GM said Monday that car sales declined nearly 10 percent, while sales of light trucks were off an estimated 4 percent, based on the daily sales rate.
Chrysler Corp. said its sales were down 3 percent. The No. 3 domestic automaker’s car sales fell 7 percent, while truck sales were flat.
Honda, meanwhile, set a second consecutive monthly sales record. Its U.S. sales increased 9 percent, boosted by healthy demand for its new CR-V sport utility vehicle and its Civic subcompact.
Japanese automakers had a particularly strong January, prompting America’s Big Three automakers to complain that weakness in the Japanese currency, the yen, was giving their competitors an unfair advantage.