General Motors Co. sales for July rose by 8% when compared to year-earlier sales, setting a positive tone for a month that is still expected to underscore the weakness of the overall American economy.
Retail sales for GM’s brands rose 6% for the month compared to a year ago levels – but they were just 1% higher than June’s generally anemic numbers.
“Sales of our fuel-efficient cars like the Chevrolet Cruze and our crossovers remain strong, and we’re now also seeing the seasonal lift in full-size pickups that we expected,” said Don Johnson, vice president, U.S. Sales Operations.
The U.S. auto sector has several significant headwinds in the past several months, sales slowing markedly as warmer weather approached, a sharp contrast to the surge normally seen during the so-called “spring buying season.” Preliminary projections from J.D. Power and Associates anticipate July will still see overall U.S. demand come in at under 13 million – on an annualized basis – for the third month in a row.