GM Auto Sales Crash, Dealer Inventory Near All Time High

It was expected to be a bad quarter for General Motors. It ended up being abysmal. GM reported that July auto sales crashed by a whopping 15%, nearly double Wall Street’s already depressed expectations of a 8% drop, and with GM mothballing production across the country to catch up with lagging demand, it still sold only 226,107 vehicles as a result of double digits drops in Chevy, Build and Cadillac Sales of 15.3%, -30.5% and -21.7%, respectively.

Source: GM Auto Sales Crash, Dealer Inventory Near All Time High

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