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GM U.S. new vehicle sales fall 7 percent in first quarter

Published 04/02/2019, 10:43 AM
Updated 04/02/2019, 10:45 AM
© Reuters. FILE PHOTO: The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan
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(Reuters) - General Motors Co (NYSE:GM) on Tuesday reported a 7 percent fall in U.S. new vehicle sales for the first quarter, hit by declines in passenger car sales.

The No. 1 U.S. automaker said it sold 665,840 vehicles in the first quarter, compared with 715,794, a year earlier.

American consumers have been abandoning traditional passenger cars in favor of more comfortable SUVs, although demand in recent quarters has also been weak for the more popular larger vehicles.

Sales of high-margin vehicles like Chevrolet Silverado pickup trucks and Chevrolet Suburban SUV fell during the quarter.

© Reuters. FILE PHOTO: The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan

Smaller rival Ford Motor (NYSE:F) Co is due to report quarterly auto sales figures on Thursday.

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