General MotorsGeneral Motors reported Wednesday that sales fell 25% in August, as consumers held back from buying autos amid the lackluster economy.

For the month, GM said it sold 185,176 vehicles, compared to 246,479 a year ago, a decline of 24.9%. Among its four core brands -- Chevrolet, GMC, Buick and Cadillac -- sales fell 10.6%. Year-to-date, GM said it has sold 1.465 million vehicles, up 5.4% from the first eight months of 2009.

GM was the first automaker to report monthly U.S. sales figures Wednesday. Others, including close competitors Toyota Motor (TM) and Ford Motor (F), are expected to report August sales data later in the day.

On Tuesday, GM said it had begun ramping up production of the 2011 Chevrolet Cruze, which will start rolling into showrooms this month. The new compact, to compete with rivals such as the Toyota Corolla and Ford Focus, is estimated to get 36 mpg on the highway when equipped with a manual transmission, according to the Environmental Protection Agency.

Analysts will be watching how consumers respond to the Cruze, which replaces the dated Chevrolet Cobalt. GM needs to compete effectively in the compact car segment as car buyers seek to downsize to more fuel-efficient vehicles.

A GM spokesman said Wednesday that its dealers have fewer than 8,000 Cobalts in stock nationwide.

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frankevero

I believe a good part of GM's sales problem is because many of their designs "lack luster" when compared to Lexus,Mercedes,Infiniti among others , let's not forget Hundi as well ! Come on guys, we can do better than that ! Impala,Monte Carlo, need a whole new re design and fast ! Corvette is great but it's at the end of its forward look and needs a new C-7 right now ! Don't kid yourselves, gas mi. is important but design appeal is "better" ! Who wants to drive an ugly car that gives great milage? (not many)

September 01 2010 at 2:07 PM Report abuse rate up rate down Reply
1 reply to frankevero's comment
themanindbox

GM has always had tons of issues; There biggest issue in my opinion is no one know what they make. If you ask anyone what cars toyota makes, they would know atleast the corolla and the camry. Gm keeps changing the names of there cars, it is the same cars, just a new name. Cavilier, cobalt, Cruze, all the same... Pontiac IMO was there best brand, not because the cars were different, but because a person who owned a grandam could go buy a new grandam 20 years later. The only reason to chage a name like this, is when you know you have built crap and no one will want to buy it again. If they took any pride in there cars they would not have to keep changing the name. Then add in the marketing costs associated with now getting people familiar with your car names... So GM What do you make other then the corvette and camaro?

September 13 2010 at 12:30 PM Report abuse rate up rate down Reply
Bob Carol Ralson

I would like to know about General Motor Co.//To become A new IPO stock. Looking for a date for General Motor Co.And A Stock sinbul. Thank You

September 01 2010 at 1:29 PM Report abuse rate up rate down Reply
mdaok

I will never buy a car from Government/Union Motors.(GM). I will alway go for the personal responability, free enterprize choice. We are proud of Ford.

September 01 2010 at 11:58 AM Report abuse rate up rate down Reply
1 reply to mdaok's comment
easysolution

Ford did well by avoiding the government bailouts. They borrowed heavily in the private sector before the credit markets fell into chaos. Were they smart, or just lucky enough to have run aout of money first? However, they are geting government loans now. The media is just quiet about it. They are tapping the Departmant of Energy loans at favorable rates. I have no real problem with this, but it's still not a Free Market loan.

September 01 2010 at 12:56 PM Report abuse rate up rate down Reply