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GM sales up 17% on demand for new models, fleet sales - USATODAY.com
DETROIT (AP) — Strong demand for new models and higher fleet sales lifted General Motors sales 17% in May.
The improvement, over a dismal May of last year as GM was headed into bankruptcy protection, was a sign that automakers are benefiting from a weak but improving economy. Some consumers even shrugged off an 8% decline in the stock market to buy more cars and trucks.
GM was the first automaker to report U.S. sales Wednesday, and the whole industry is expected to show a double-digit increase over last May, when Chrysler was in bankruptcy protection and GM was nearing it.
DETROIT (AP) — Strong demand for new models and higher fleet sales lifted General Motors sales 17% in May.
The improvement, over a dismal May of last year as GM was headed into bankruptcy protection, was a sign that automakers are benefiting from a weak but improving economy. Some consumers even shrugged off an 8% decline in the stock market to buy more cars and trucks.
GM was the first automaker to report U.S. sales Wednesday, and the whole industry is expected to show a double-digit increase over last May, when Chrysler was in bankruptcy protection and GM was nearing it.
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