GM's third-quarter US sales fall about 2%
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Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, U.S. August 22, 2019. REUTERS/Harrison McClary/File Photo
(Reuters) - General Motors reported a 2.2% fall in third-quarter sales of its new vehicles in the United States on Tuesday, pressured by fewer sales days in the three-month period and lower customer spending due to inflation.
Buyers have been shying away from big-ticket purchases such as luxury vehicles and switching to utilitarian focused models that are more affordable.
Sales of GM's compact affordable Trax SUV rose nearly 57% to 59,299 units from a year earlier.
Overall sales fell to 659,601 units from a year earlier. The Detroit automaker's sales had grown about 21% during the same period last year.
(Reporting by Nathan Gomes in Bengaluru; Editing by Shinjini Ganguli)
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