GM sales down 29.6 percent in May
General Motors Corp on Tuesday reported U.S. sales for May.
Highlights:
* says U.S. sales are down 29.6 percent in May.
* says U.S. May sales total 191,875 vehicles
* says U.S. May sales best monthly performance so far in 2009
* reports total truck sales (including crossovers) of 110,866, down 22 percent
* reports car sales of 81,009, off 38 percent
* says end-May inventory 674,000 vehicles, down about 98,000 vehicles, or 13 percent compared with last year
* says had about 284,000 cars and 390,000 trucks in dealer stock at the end of May
* says North America production forecast remains at 390,000 vehicles, down 53 percent from year ago
* says seeing 'more positive signs in housing and consumer confidence in market'
* says more clarity on new GM and positive economic signs providing additional consumer confidence