GM sees second quarter U.S. sales decline

General Motors Co. (GM) reported on Tuesday it sold 746,659 vehicles in the second quarter of 2019 in the United States, decreasing 1.5 percent from 758,376 in the same period last year.

Crossover sales set a new second quarter record after sales grew year over year by 17 percent. Sales of the Chevrolet Silverado 1500 crew cab and GMC Sierra 1500 crew cab were both up 12 percent year over year.

“The light-duty segment is the highest-volume part of the pickup market and we are expanding choice to make sure that we meet the needs of every customer,” said Kurt McNeil, U.S. vice president of sales operations.

The Chevrolet Equinox and Traverse and GMC Canyon all delivered record second quarter sales.

Sales of every Buick crossover were up year over year, with the Envision posting a 28 percent sales increase. The Enclave was up 21 percent and the Encore was up 5 percent.

The Detroit-based automaker said Buick deliveries were up 5 percent and GMC deliveries were up 10 percent in the second quarter.

“The U.S. economy continues to grow at a healthy pace. Jobs are plentiful and inflation remains low,” said GM chief economist Elaine Buckberg.

“Auto demand was better than anticipated in the first half and we expect strong performance in the second half of the year. If the Fed cuts rates, as widely expected, lower financing costs will provide further support to auto sales,” Buckberg said.