Q2 Sales Plummet at GM and Ford as Coronavirus Takes a Toll

Adam Levine-Weinberg, The Motley Fool
Q2 Sales Plummet at GM and Ford as Coronavirus Takes a Toll

U.S. automakers have been squeezed this year by a combination of falling demand because of the weak economy and supply constraints because of coronavirus-related plant shutdowns. GM and its dealers delivered 492,489 vehicles in the U.S. during the second quarter: down 34% year over year. All four of its brands posted sales declines in excess of 30%, including a 41.4% drop at Cadillac, which was hurt by a soft luxury vehicle market.

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