Cars and Drivers

GM Sells Ton Of High Mileage Cars

It is a sign of the times in which gasoline prices have raced toward $4 and could go higher as summer travel season approaches, or trouble in the Middle East boosts oil. As it announced that March sales rose 12% compared to the same month as last year to a total of 231,052 vehicles, sales of high mileage cars surged.

GM (NYSE: GM) reported

 The monthly total includes a record 100,000 cars and crossovers that achieve an EPA-estimated 30 mpg highway rating or better.

Part of the strength of GM’s numbers can be attributed to small cars in general:

Total GM passenger car sales increased 22 percent, with small and compact car sales up a combined 62 percent. Compact crossover sales were up 47 percent and mid-size car sales were up 38 percent. Full-size pickup sales were up 14 percent.

Sales of Chevy, the manufacturer’s largest brand were up 16.5% to 173,073

Douglas A. McIntyre

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.