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GM 2009 Global sales drop 15%, but up from previous quarter

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GM sales drop 15%, but up from previous quarter

Robert Snell / The Detroit News

General Motors Co. reported this morning it sold 1.94 million vehicles globally during the second quarter, down 15 percent from a year earlier due to continued economic pressures and a drastic cut in vehicle production.

But compared to the first quarter, sales were up almost 20 percent.

Through the first six months of the year, GM sold 3.55 million vehicles, down 22 percent compared to last year.

Meanwhile, sales outside the U.S. rose to 72 percent of the automaker's total sales, compared to 65 percent a year ago.

Sales in Asia rose 38 percent, but GM posted double-digit drops in sales in the other three regions, led by a 32 percent decline in North America.

The European market fell 20 percent while sales declined almost 21 percent in GM's Latin America, Africa and Middle East region.LINK

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