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Title: Government Motors' US sales fall 1.2% in May
Source:
Breitbart
URL Source: http://www.breitbart.com/article.ph ... 04fa1f6668a1.51&show_article=1
Published: Jun 1, 2011
Author: afp
Post Date: 2011-06-01 12:26:45 by Happy Quanzaa
Keywords: Obama-doma-ding-dong, Obamanomics in Action
Views: 3733
Comments: 5
US auto giant General Motors said Wednesday its US sales fell 1.2 percent in May from a year earlier, in a sign of slowdown in the recovery of the industry and the US economy at large. The producer of Chevrolet, Cadillac, GMC, and Buick brands sold 221,192 vehicles compared to 223,822 in May 2010, when the economy was beginning to pick up growth after recession. GM suggested the May decline was in part due to a lower number of "selling days" during the month this year -- 24 days -- compared to last year's 26. Even so, growth was clearly slower: for the first five months of the year, US sales of 1.05 million units were up 18.2 percent from the same period in 2010. Buick and GMC sales were strongest, with Buick up 23.8 percent for the month, while sales of Chevrolets -- GM's main brand -- and Cadillacs fell. Buyers continued to focus on models with better fuel efficiency, said the company. Fleet sales -- a low-price, high-volume sector -- were down 16 percent from May 2010. "Customers continue to demand better fuel economy and our commitment to produce high-quality, fuel-efficient vehicles is paying off," GM's US sales vice president Don Johnson said in a statement. "We expect that fuel prices will continue to be volatile and we're prepared to continue meeting the needs of an ever-changing market."
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#1. To: Happy Quanzaa (#0)
Don't worry, go56, lucysmom, skippy, gobsheit and the others will all be along shortly, to explain how it's all a temporary thing, and that if the government only spends more, all will be well in a socialist world... ;)
List of those unable to think: Bumper sticker on DwarF's car: Works for Germany and China and Japan......
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Fleet sales (and GMAC which does auto financing and home mortgages) kept GM alive over the last 20 years. GM sold most of GMAC. Without fleet sales, GM is doomed.
Even if Government Motors never sells another vehicle it's not doomed, not as long as Obama has Bank of ChiCom loans and government printing presses to feed the parasites.
There aren't any ChiComs. China is more capitalist than America today. But yes, China has been bankrolling U.S. government debt for some time. That's about to end.
mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, mininggold, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list, you're too fucking stupid to hold a real conversation.
#2. To: Capitalist Eric (#1)
Don't worry, go56, lucysmom, skippy, gobsheit and the others will all be along shortly, to explain how it's all a temporary thing, and that if the government only spends more, all will be well in a socialist world...
#3. To: Happy Quanzaa (#0)
Fleet sales -- a low-price, high-volume sector -- were down 16 percent from May 2010.
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
#4. To: jwpegler (#3)
Without fleet sales, GM is doomed.
#5. To: Happy Quanzaa (#4)
(Edited)
Obama has Bank of ChiCom loans
"Everything that can be invented has been invented."-- Charles Duell, Commissioner of US Patent Office, 1899
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