General Motors Co. posted a 22% increase in January sales, prompting questions on whether its sudden increase in incentive spending had something to do with the results. GM U.S. sales chief Don Johnson responded to this observation during a recent conference call with analysts and reporters. Edmunds.com said that GM's incentive spending in January increased by 29% from a year earlier, to $3,762 per vehicle. In the statement, Jessica Caldwell, Edmunds director of industry analysis, said that this is the highest per-vehicle figure among the six largest automakers.
Read Article