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March 04, 2010

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February Combined Chevrolet, Buick, GMC and Cadillac Sales Up 32 Percent

Combined Retail Sales for Chevrolet, Buick, GMC and Cadillac Increase 7 percent Fifth Consecutive Month of Year-over-Year Retail Sales Gains for GM’s Four Brands Combined Chevy Equinox, GMC Terrain, Cadillac SRX Retail Sales Up 198 Percent

DETROIT – Chevrolet, Buick, GMC and Cadillac dealers in the U.S. reported sales of 138,849, up a combined 32 percent compared to February 2009. These results were driven by the continued strong growth of new GM crossovers and passenger cars.

GM’s Chevrolet, Buick, GMC and Cadillac brands continue to build momentum in the marketplace, according to Susan Docherty, GM vice president, Sales, Service and Marketing. “Although we’ve been operating as a new company with four brands for just seven months, our February results demonstrate that our long-term plan is already paying dividends,” Docherty said.

Retail sales for GM’s four brands were up 7 percent for the month, driven by strong consumer demand for GM’s crossovers. February retail sales of GM’s newest crossovers – Chevrolet Equinox, GMC Terrain and Cadillac SRX – were up 198 percent compared to the vehicles they replaced. This was the seventh month in a row that retail sales of these vehicles were up more than 100 percent.

“We’ll earn every sale by delivering the value customers expect, in the vehicle they want,” said Docherty. “Our sales results for the Chevrolet Equinox, GMC Terrain and Cadillac SRX show these vehicles have what customers are looking for today – style, fuel efficiency, quality and the safety and security of OnStar.”

Month-end dealer inventory in the U.S. stood at 420,000, which is 30,000 higher compared to January 2010, and 361,000 lower than February 2009.

(March 02, 2010)

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