General Motors' Crossover SUVs Are Driving a Sales Boom

General Motors' Crossover SUVs Are Driving a Sales Boom

General Motors (NYSE: GM) had a terrific month for U.S. sales in August. The General's U.S. sales rose 7.5% last month, far outperforming the 1.9% decline posted by the U.S. light-vehicle market as a whole.

GM's gain came despite the effects of Hurricane Harvey, despite weak demand for sedan models, and despite a big month for arch-rival Ford Motor Company's (NYSE: F) pickup sales.

What drove GM's gain? The success of its crossovers.

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Source: Fool.com