Major automakers on Tuesday posted mixed U.S. sales results for June and the sec...
) Chevrolet Silverado in the second quarter. GM reports sales on a quarterly instead of monthly basis.
High interest rates, plus competition from millions of nearly new, off-lease vehicles have translated into fewer consumers splurging on new cars. After a weak start to the year, sales in the last couple of months have been largely flat versus 2018. GM said second-quarter sales fell 1.5%, with strong sport utility vehicle sales offset by poor performance for its pickup trucks. The No. 1 U.S. automaker said sales of trucks would pick up in the third quarter as both its most popular and most affordable versions of the Silverado will hit dealer showrooms.
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