GM sales rise 13 percent in 2011

This undated photo provided by General Motors Co., shows 2012 Chevrolet Cruze LT in the Dupont Circle and Georgetown areas of Washington, D.C. General Motors Co.'s U.S. sales rose 13 percent last year as the company recovered from its financial disaster in 2009. (AP Photo/General Motors Co., Steve Fecht)

Photo by GM

This undated photo provided by General Motors Co., shows 2012 Chevrolet Cruze LT in the Dupont Circle and Georgetown areas of Washington, D.C. General Motors Co.'s U.S. sales rose 13 percent last year as the company recovered from its financial disaster in 2009. (AP Photo/General Motors Co., Steve Fecht)

Associated Press

DETROIT — General Motors Co.'s U.S. sales rose 13 percent last year as the company recovered from its financial disaster in 2009.

GM sold just over 2.5 million new cars and trucks in the U.S. Its December sales rose nearly 5 percent from a year earlier.

The Chevrolet Cruze compact and the Chevrolet Silverado and GMC Sierra pickup trucks led sales.

Other carmakers reported strong sales for 2011. Chrysler sales jumped 26 percent, Ford sales rose 11 percent and Nissan's climbed nearly 15 percent.

Industry analysts say people are starting to buy cars and trucks because they feel more confident about the economy. They expect total U.S. sales in 2011 to be around 12.7 million. That's up nearly 10 percent from 2010.

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Comments » 2

PotatoHead writes:

OMG the bail out didn't work.....oh, wait, it did work!

bigA writes:

It might have saved 2 million jobs but it will still cost the us 23.6 Billion dollars. In order for us to get our money back, the shares would have to be at least 53.00 per share. Right now they are in the 20's. Without the bailout, GM would have still survived and could have grown on its own merits instead of leaning on the welfare state.

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