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

Sept. 3, 2008
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

Popular Sponsored Recommendations

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Lean Manufacturing in the Age of the Industrial Internet

Oct. 24, 2023
Read how advanced MES capabilities can help you improve your labor utilization, reduce WIP, and optimize your production. Download the white paper today.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!