Crossover SUVs Gave General Motors Another Sales Boost
General Motors (NYSE: GM) said that its U.S. sales fell 2.2% in October, as solid year-over-year sales growth for its truck and SUV lineups wasn't enough to offset a significant decline in sales of sedan models.
That fell short of the overall U.S. light-vehicle market's 1.3% year-over-year decline. It also fell short of Wall Street's expectations, though not by a lot: Analysts polled by Bloomberg had expected GM's sales to decline by 1.5% year over year, on average.
All that said, from an investor's perspective, it was still a pretty good month for GM.
Source: Fool.com
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