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 ...
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