General Motors saw worldwide sales dip 7.7 percent year-over-year in the second quarter, down to 2.4 million units. U.S. sales are dragging down GM's global results, falling 15.4 percent compared to the same quarter last year. With U.S. sales making up roughly half of GM's global sales, the U.S. drop of 200,000 units in Q2 accounts for nearly all of the worldwide decline in sales.
GM attributes the decline to the sales bubble caused by last year's "Employee Pricing for Everyone" incentive program and a decline in fleet sales in Europe.
The company is also hoping that the fall launch of the new Silverado pickup, and a ramp in Captiva sales in Europe and Asia will perk up Q3 sales.
[Source: Automotive News]
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