General Motors Vice Chairman Bob Lutz says he is well pleased with the automaker's August sales numbers.
Lutz says July sales came in weaker than GM wanted. That and deals offered by competitors prompted the automaker to increase August incentives.
GM had registered year-on-year sales declines of about 20 percent in both June and July.
Lutz said while attending an automotive research seminar in Traverse City, Michigan today that GM's market share was at its second-highest level of the year because the overall market dropped.
J.D. Power and Associates says GM retail sales were off 14 percent during the first week of August compared to a year ago. Toyota and Ford also were down nearly as much.
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