ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

GM March US Auto Sales Rise 12%

DOW JONES NEWSWIRES General Motors Co.'s (GM, GMM.U.T) U.S. auto sales rose 12% in March amid strong sales of its fuel-efficient models. The growth was below expectations of car-shopping website Edmunds.com, which expected a 21% increase. Broadly, U.S. new-auto sales for March are expected to climb 17% from a year earlier and 26% from February, according to Edmunds.com. GM reported it sold 231,052 vehicles in March, up from 206,621 a year earlier and 10% above February's total of 209,306. Chevrolet sales were up 17% while GMC sales rose 12%. Total Buick sales were down 16% and total Cadillac sales were down 13%, though the brands both saw retail sales growth. Overall, retail sales increased 14%. Month-end dealer inventory in the U.S. stood at 713,008 units, up 6.9% from the prior month. "The economic recovery and a deep bench of fuel-efficient cars and crossovers have been driving our sales for more than a year, but the combined impact has never been stronger than it was in March," said Don Johnson, vice president, U.S. sales operations. Sales of the battery-powered Chevrolet Volt nearly quadrupled to 2,289--topping its December record by 50%. Last month, GM said it would halt production of the Volt for five weeks because of slow sales, the latest sign the high-profile car wasn't meeting expectations. March had 28 sales days, while the year-ago month had 27 sales days. Earlier Tuesday, Chrysler Group LLC reported that its U.S. auto sales rose 34% in March as the company reported its strongest monthly and first-quarter sales since 2008. Ford Motor Co.'s (F) new-vehicle sales in the U.S. rose 5% in March from a year earlier, the strongest growth for the month in five years, as high fuel prices drove demand for fuel-efficient models. Sales gains for Detroit auto makers have come amid an improving U.S. economy and increasing access to loans, which have prompted many consumers who put off car purchases during the recession to return to the market. GM shares were down 1.2% at $26.44 in recent trading. -By Tess Stynes and Nathalie Tadena, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Citigroup (C)
DateTimeHeadline
09/29/201423:00:21Bank Branches in U.S. Dip to Lowest Since 2005
09/29/201422:52:12Bank Branches in U.S. Decline to Lowest Level Since 2005 -- Update
09/26/201412:20:11LONDON MARKETS: Bank Stocks Lift FTSE 100; Sports Direct Drops
09/26/201400:00:09Hedge Funds to Back Citibank in Argentina Bond Dispute
09/25/201423:15:38Hedge Funds to Back Citibank Payment Request In Argentina Bond...
09/23/201402:50:20Bank of China to Sell Bond Fund in Europe
09/18/201419:55:36Senate Confirms Sheets as Treasury Under Secretary for International...
09/17/201420:43:11ASX Offers to Buy 49% Stake in Yieldbroker
09/16/201409:44:34U.S. Hot Stocks: Hot Stocks to Watch
09/16/201400:53:47Citigroup Releases Mid-Cycle 'Stress Test' Figures
09/12/201413:05:55Sterling Steady as Scottish 'No' Camp Regains Lead--Update
09/12/201407:13:56Sterling Steady as Scottish 'No' Camp Regains Lead
09/11/201419:00:08Treasury Monitoring Swaps Loopholes at U.S. Banks
09/10/201411:30:16Emerging-Market Currencies Slide on Fed Rate Jitters
09/09/201416:33:12Astenbeck Hedge Fund Cuts Back Bets, Boosts Cash -- Update
09/09/201401:57:21Amazon to Offer Fire Phone for 99 Cents
09/09/201401:57:04Pound Slumps on Scotland Poll -- 7th Update
09/09/201401:55:58Crude Prices Slide on Demand Worries
09/09/201401:50:34Crude Prices Fall on Demand Worries
09/09/201401:50:13Pound Slumps on Scotland Poll -- 6th Update

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad