General Motors August U.S. sales

|About: General Motors Company (GM)|By:, SA News Editor

General Motors' (GM) unit sales +14.7% to 275,847 vs. estimates for a 11% gain.

Retail sales rose 22% during the month to help offset an 8% drop in fleet sales.

By brand, Buick sales rose 37% and Cadillac jumped 38%, while Chevrolet sales came in with a more moderate pace of 10% growth.

GM continued its trend of reducing its reliance on fleet sales with the month seeing a 490 bps drop from last year to 19.9% fleet share of total sales.

(PR)