General Motors Spiking On Strong January Car Sales (GM)

Shares of General Motors GM are up strongly today, gaining almost 1% after the company reported stronger than expected January car sales. General Motors sold 178,896 units in January. Sales were driven by newer models such as the Chevrolet Equinox. Retail sales of GM's cars, trucks and crossovers all rose 34 percent or more during the month, up 39 percent, 34 percent and 35 percent, respectively. “January was a good month and signaled a solid start to the new year for each of our divisions,” said Don Johnson, vice president, U.S. Sales Operations. “Our results were driven by gains across the board in all segments, with our newest models leading the way.”