Friday May 1, 09:22 PM
GM's US sales drop 34 percent in April
CHICAGO (AFP) - General Motors (NYSE: GM - news) reported a 34-percent drop in April US auto sales to 173,007 vehicles Friday but the automaker said it managed to increase its market share marginally in a down market.
"From a retail standpoint, GM and the industry continued at about the same selling rate as February and March," said Mark LaNeve, vice president for GM's North American sales and marketing.
"We see that stabilization, along with a firming up of our fleet business and improvement in Silverado and Sierra sales, as an encouraging sign."
While GM's sales were down significantly compared with April 2008, the automaker noted that total volume was up 11 percent compared with March.
Sales for the year to date were down 45 percent to 585,910 compared with the first four months of 2008.
GM's total truck and sport utility vehicle sales of 102,032 were down 28 percent and car sales of 71,775 were off 41 percent compared with a year ago.
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