Analysts Predict Slower June Sales for GM

By  | 

DETROIT (AP) -- Some analysts are predicting that General Motors' June U.S. sales will underperform the overall auto industry, putting the company in danger of losing market share at a critical time.
GM has issued 44 recalls covering 20 million cars and trucks this year as it reviews safety issues in the wake of a mishandled recall of small cars.
The recalls may be partly at fault, but analysts also say sales could be hurt by smaller discounts and a drop in sales to rental car companies. A subpar month could cut GM's market share from the 17.6 percent it held at the end of May.
Chrysler could be the beneficiary with sales expected to grow around 9 percent.
Automakers are scheduled to release sales results on Tuesday.

Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus