Then again, it sux to be GM too. General Motors' U.S. sales for January were down 16.4 percent — not much better than Ford's 19 percent plunge — with the blame, as with Ford, laid on GM's hasty retreat from the rental car market. ("We are aggressively reducing our daily rental fleet sales," said GM's head of North American sales.) Light trucks fell 11.5 percent; cars dropped 22.5 percent.
There was one bright spot for GM, however: full-size pickups, which gained due to strong sales of the Chevy Avalanche and GMC Sierra. The company now expects to produce 1.08 million cars and trucks in the first quarter, 3.6 percent less than GM expected one month ago; that's also down significantly from the almost 1.26 million vehicles GM built in Q1 of 2006.
Once Ford falls to Toyota, the question arises: Can GM be far behind?
[Source: Marketwatch]
