General Motors Corp. new-vehicle sales plunged 36% in June, a slightly steeper downturn than the overall industry, as the auto maker blames a weak fleet market and buyer anticipation of the government-sponsored “Cash-for-Clunkers” scrappage program. The incentive, which launches next month and provides up to $4,500 to buyers who trade in used vehicles with poor fuel-economy ratings, has some consumers “sitting on the sidelines,” says Mark LaNeve, vice president-sales, service and marketing ...
Premium Content (PAID Subscription Required)
"GM Says Weak Fleet Deliveries Drag on June Sales" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.