General Motors will stop reporting the U.S. vehicle sales. The company thinks that the snapshot of 30-days doesn’t reflect the actual situation of the market. GM will also no longer report monthly sales in China, its largest market, and Brazil.
The company will still have to provide its monthly sales to the U.S. Federal Reserve, industry associations and government agencies across the globe but the information won’t be public for simple people anymore. GM and its Detroit rivals Ford Motor Co and Fiat Chrysler Automobiles NV have relied heavily on sales of high-margin pickup truck and SUV sales to boost profits.
GM's total U.S. car sales, its second-largest market, are down 3.2 percent for the first two months of 2018, reflecting a 6.8 percent drop in retail sales to individual customers, the company reported last month.
