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Wednesday
Jun012011

GM Sales Down 1.2% in May; Volkswagen Up 27.9%

Joe Raedle / Getty Images(NEW YORK) -- Volkswagen reports sales up 27.9 percent from a year ago. Such a jump wasn't replicated by General Motors. GM says it sold 1.2 percent fewer cars in May than it did in 2010.

The two companies are the first automakers to report May tallies.

GM, the largest U.S. car company, credits the decline to a decision to cut sales to rental car companies.

According to analysts, other car company sales may also be off pace, adducing that the tsunami and earthquake in Japan may have affected numbers.

Copyright 2011 ABC News Radio


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