G.M. Sales Declined in August
NY Times
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General Motors said Wednesday that its sales in the United States fell 25 percent last month from August 2009, when the government’s “cash for clunkers” program caused a surge in demand.
Other automakers are also expected to report decreases in sales on Wednesday, marking the worst August in recent memory. Analysts have projected that overall sales fell slightly from July, which renewed concerns about the strength of the recovery.
G.M.’s sales decline was exacerbated by its shutdown of Saturn, Pontiac and Hummer in the last year and its sale of Saab. Sales by G.M.’s remaining four brands fell 11 percent from a year ago, but Buick sales were up 66 percent and Cadillac sales rose 83 percent. Chevrolet was the only active brand for which sales decreased.
Compared to July, G.M.’s sales were
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