GM Says Sales Slow in January

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General Motors says it expects its US sales in January to be lower than the same month a year ago as the company continues to cut sales to rental-car companies.

The world's largest automaker has been cutting sales to daily rental fleets, which have lower margins and hurt automakers' residual values.

But its says January's drop will be more pronounced, about 35,000, or about 39 percent, lower than the same month a year ago.

Sales to retail customers so far this month are about flat compared with a year ago

Automakers report January sales February 1.