GM/July Sales -4: Chevrolet Sales Rose 4.3%
DOW JONES NEWSWIRES
GM said July vehicle sales on adjusted basis rose 4.3% for the Chevrolet brand rose 1.7% for the GMC brand and fell 40.6% for the Buick brand.
Sales fell 2.4% for the Cadillac brand, while Oldsmobile sales declined 30.3% and Pontiac sales fell 28.4%.
Saturn sales fell 1.6%. The Hummer brand posted a 32.8% increase, while Isuzu sales rose 3.6% and Saab sales rose 12.7%.
The company said the GM Certified Used Vehicle brand sold 34,705 vehicles, up 18% from a year ago.
GM's 5.5% drop in vehicle sales compared with Ford Motor Co.'s (F) 7.1% decline and an 8% decline from DaimlerChrysler AG's (DCX) U.S. Chrysler Group.
GM shares closed at $37.27, down 16 cents.
Company Web site:
http://www.gm.com
-Josh Beckerman; Dow Jones Newswires; 201-938-5400
Updated August 1, 2003 4:31 p.m.