Slow sales caused dealer inventories to rise in January and February, putting pressure on companies to clear their lots.
So far this year, sales of the versatile, high-sitting hatchbacks such as the Honda CR-V, Ford Escape and Toyota RAV4 are up more than 20 percent.
But the company cut its target for full-year sales and profit …
GM said Tuesday that it sold 4.85 million cars and trucks worldwide from January through June.
Phil Abram, GM’s Chief Infotainment Officer, stated at an investor conference about more key features such as remote key fobs on smartphones, product apps and 4G broadband service
Ford delivered its best hybrid sales quarter ever in the first quarter of 2013 with sales totaling 21,080 vehicles — marking the first time Ford has sold more than 20,000 hybrids in a quarter. Ford’s hybrid sales were up 324 percent nationally over 2012, achieving 16 percent share of the electrified vehicle market — up from 4 percent last year.
General Motors made $4.9 billion in 2012, strong North America showing means $6750 profit sharing checks.
Michigan residents would pay a lower sales tax when they trade in cars under legislation overwhelming approved Wednesday by the state Senate as lawmakers seek to jumpstart car sales with a proposal that has stalled in recent years.
Ford sales jump 22 percent in January. Chrysler and GM post 16 percent sales gains.
Chrysler says its U.S. sales rose 16 percent last month for its best January in five years.