GM February U.S. Total Sales Down; But Retail Deliveries Up

(RTTNews) - General Motors Co. (GM) reported that its February retail deliveries totaled 179,958 units, up 7 percent. GM's estimated retail share is up 0.4 percentage points. Due to a planned reduction in rental deliveries, GM's total sales of 227,825 were down slightly year over year.

GM reduced daily rental deliveries by about 16,500 units, or 39 percent in February. GM grew its Commercial business in February for the 28th consecutive month.

GM expects to operate with about a 70-days supply of vehicles throughout the year in most months, with some months higher or lower. February month-end inventories were at a 67-days supply. GM continues to grow retail market share with incentives below domestic companies and other key competitors.

As a result of lower rental deliveries, GM expects its fleet mix in 2016 to be about 20 percent of total sales, compared with a historical range of 22 to 24 percent. In 2015, GM reduced rental deliveries by about 50,000 units compared to 2014. In the first two months of 2016, rental deliveries are down about 30,000 units, compared to a year ago.