Auto Industry, Car Sales | featured news

Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.

General Motors said its sales increased 7.6 percent from a year ago. Ford’s were up 6.1 percent and Chrysler’s rose 20.1 percent.

General Motors Co posted a 22 percent rise in sales for January, outperforming expectations for the market as a whole on gains in demand for its pickup trucks.

The month of October is just about a wrap, and it’s shaping up to be a good one for the auto industry.

General Motors said its U.S. sales in May jumped 32% for the four brands the company kept after its restructuring thanks to continued strong demand for crossover vehicles and cars.

General Motors said its domestic sales in April rose 20% for the four brands the company is keeping thanks to continued strength in crossover vehicles and cars.

A high-ranking Toyota executive says the auto company's North American sales spiked around 50 percent the first eight days of March as incentives helped lure customers.