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Jun. 2 2009 - 3:48 pm | 3 views | 0 recommendations | 1 comment

When bad news is still good news

By AUSTIN CONSIDINE

Any thoughts out there on what may be driving the uptick? An 11% increase is nothing to shrug off.

General Motors Corp. said today that its sales declined 29.6% in May, but that was a lower decline than the 36% decline expected by analysts.

For the month, GM sold 191,875 new cars and trucks compared with 272,363 last year.

GM said sales in May increased 11% over April, or by about 19,000, making May the automaker’s best performance of the year.

via GM sales fall 29.6%, beat predictions | Freep.com | Detroit Free Press.

 
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  1. collapse expand
    8:23 pm on 06/02/09
    Brian In NYC
    Brian In NYC

    Credit markets are easing up, and last month’s consumer confidence numbers were up to. People are starting to feel the worst is behind and if you got the green it’s a great time to go shopping, lots of over stocked dealerships out there, not to mention liquidation sales for the dealerships that will be closing.

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