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GM Stock Slides on July Auto Sales

NEW YORK (TheStreet) -- Shares of General Motors (GM) were falling 3.93% to $30.07 late Tuesday morning following the company's July report that showed a decline in sales for the month.

GM reported that sales slipped 1.9% to 267,258 vehicles as it trimmed fleet sales to focus on retail. Retail sales grew 5% year-over-year, the Wall Street Journal reports.

GM said its brands collectively recorded their best July retail sales in nearly a decade.

Across the industry, July results were given a boost from an extra weekend this year along with heavy discounting from car...


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