GM Sales Up in January, Other Automakers Down


Despite all the bad news in the econ­o­my and with pre­dic­tions that auto sales will hit a ten-year low, Gen­er­al Motors report­ed strong Jan­u­ary sales. Retail sales for GM were up 11% over Jan­u­ary 2007 while over­all sales climbed 2.6%, reflect­ing a cal­cu­lat­ed move away from sales to car rental com­pa­nies. All oth­er major automak­ers, includ­ing Toy­ota, report­ed year-over-year sales declines.