GM Sales in U.S. Fall 20.4% in August

But sales are up 31% from July

As GM struggled with weak economic conditions and consumer caution, sales slumped 20.4% from a year ago to 308,817 vehicles. The top U.S. auto manufacturer said that despite the year-over-year decline, the sales total was its best so far in 2008.

Sales were boosted by a new discount program offering "employee pricing" on most models -- a plan extended through September 30.

The number of vehicles sold rose 31% from July, GM said, with some gains in larger pickup trucks and sport utility vehicles (SUVs).

Mark LaNeve, GM North America vice president, said: "With the recent moderation in fuel prices, we're seeing some relaxation of pent-up demand in pickups and utilities."

Copyright Agence France-Presse, 2008

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish