On Wednesday General Motors sighted a 25 % decrease in sales compared to just 1 year ago. One of the reasons for the large drop was the absence of the “cash for clinkers” program this year. The reported decrease makes this one of the worst August in years.
Most of the other automakers are also expected to post up losses in sales on this week. Experts have calculated that total product sales fell slightly from July, which continued thoughts about the strength of the economic recovery. With the recent sale of Saab and closings of Saturn, Pontiac and Hummer over the past year, G.M. remaining divisions fell for a total of 11 percent from just over 1 year ago.
General Motors most profitable division where Cadillac, rise of 83 % and Buick with an increase of 66%. The over-all decline from July to August of this year where sighted at 7%.
