Analysts Predict Slower June Sales for GM

By: Associated Press
By: Associated Press

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.


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