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General Motors: Time To Abandon Ship?

Summary

General Motors' U.S. sales in August slumped 5.2 percent Y/Y.

GM's and Ford Motor's weak monthly sales are highlighting growing sales risks.

Has the time come to ditch General Motors?

U.S. automakers are in a tough spot: U.S. monthly sales data suggests that automakers are past their peak, and that sales growth will be increasingly hard to come by, at least over the short haul. General Motors (NYSE:GM) and Ford Motor (NYSE:F) both released monthly sales figures for the U.S. market at the beginning of the month, and they did not look good. Ford Motor said that its U.S. sales in July cratered 8.4 percent Y/Y, with weakness hitting all major segments, including the usually well-to-do truck business where sales slumped 1.6 percent. Ford Motor's weak August sales come after the automaker said that its U.S. sales fell 2.8 percent in July, and after the company warned that its guidance was at risk when it released 2nd quarter earnings.

Read also: 'Ford Motor - You Only Have 2 Options At This Point'.

General Motors' monthly sales for August in the U.S. were better than Ford's, but not by much. The auto company said that...


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