GM rallies after better-than-expected U.S. sales report

|By:, SA News Editor

General Motors (NYSE:GM) unit sales -3.3% to 308,539 units vs. -7.9% forecast by Kelley Blue Book.

Sales by brand: Chevrolet -2.9% to 206,804 units; GMC +1.2% to 64,146; Buick +4.7% to 22,285; Cadillac -28.6% at 15,304.

The automaker says the average transaction price for the month topped $38K.

GM ended the month with 63 days supply vs. 83 days at the end of November.

Shares of GM +2.35% to $42.78.