GM (GM) Adjusted July Sales Fell 32.4%

GM (NYSE: GM) said it July dealers in the United States delivered 235,184 vehicles in July, down 26.7 percent. Adjusted sales fell 32.4%.

GM said weak industry conditions caused by a challenging U.S. economic environment, higher fuel prices and inventory shortages in critical segments such as compact cars contributed to the overall sales decline for the month.

GM said, "In July, we saw strong performance once again in our launch products, including the Cadillac CTS, Chevrolet Malibu, Saturn Astra, and Pontiac Vibe and G8. In addition, we continued to see strong retail demand for our fuel efficient Chevrolet Aveo and HHR, Saturn Vue and Buick Enclave."

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