HALISTER: GM June U.S. Auto Sales Miss Estimates

GM June U.S. Auto Sales Miss Estimates

(Bloomberg) -- General Motors U.S. June sales down 4.7% y/y vs est. down 3.4%.
  • Says June average transaction prices unchanged y/y
  • Mustafa Mohatarem, GM chief economist says "U.S. total sales are moderating due to an industry-wide pull-back in daily rental sales, but key U.S. economic fundamentals clearly remain positive,” Sees U.S. retail vehicle sales remaining strong "for the foreseeable future”
  • Chevrolet June total sales down 6.4%
  • GMC June total sales down 3.6%
  • Buick June total sales up 16.4%
  • Cadillac June total sales down 11.8%
  • See Preview, GM supply chain, estimate chart
Statement To contact the reporters on this story: Morwenna Coniam in New York at mconiam@bloomberg.net; Esha Dey in New York at edey@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Morwenna Coniam

Alert: HALISTER
Source: BFW (Bloomberg First Word)

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