GM's U.S. Sales Drop 7% in July

Sept. 1, 2010

Compared to August of last year, sales fell 25%

General Motors Co.'s August sales dipped 7% compared with July and nearly 25% slump in sales in August compared to the same month a year earlier.

GM said sales plummeted to 185,176 vehicles from 246,479 last August, when U..S authorities launched a "cash-for-clunkers" incentive program to boost sales as the country struggled to emerge from a brutal recession.

"Last year's cash-for-clunkers program spiked industry sales in 2009, so results this August were not surprisingly a bit mixed," said Don Johnson, GM's vice-president for U.S. sales operations.

He said three of GM's four divisions showed solid sales' gains.