April sales at GM (GM) fell 16.2% to 257,638. Adjusted for two extra selling days sales dropped 22.7% led by a 32 percent decline in truck sales. Reuters reports that iInventory fell to about 824,000 vehicles at the end of April, down about 206,000 vehicles from a year earlier to the lowest level since September 2005
Toyota (TM) reported a 4.5%t drop in April sales to 217,700 vehicles after adjusting for two more selling days in the month compared with the same month a year earlier. According to the AP sales of passenger cars rose 11.9% to 134,863 units from 120,556 in the same month last year, while light-truck sales fell 7.9% to 82,837 from 89,901.
Douglas A. McIntyre