General Motors Shares Higher

General Motors shares were up almost 2% Monday morning even though the car maker reported June U.S. total sales decreased 5% to 243,155 vehicles from the same period last year. Monthly U.S. retail sales were 202,908 vehicles, down about 3% from the same period last year. But the company said that its crossover retail sales were up 23%, due largely to the strength of Chevrolet Equinox, which were up 36%. Buick’s U.S. retail sales were up 6%.

GM’s U.S. commercial sales were up 36%, for its best June since 2006. Commercial and Government sales were 77% of GM’s fleet sales for the month. GM’s mid crossovers, compact crossovers and utilities were up a combined 22% on a U.S. retail sales basis compared to the same period last year. This performance was carried throughout the Chevrolet, Buick, GMC and Cadillac lineups, the company said.

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