General Motors , Ford Motor and Fiat Chrysler on Wednesday reported higher pick-...
) on Wednesday reported higher pick-up truck sales for the third quarter in the United States, as lower interest rates helped boost demand in a market that has seen car sales decline.
While higher vehicle prices and rising interest rates earlier in the year kept car shoppers on the sidelines, recent interest rate cuts helped sales in the third quarter. GM did not face a severe inventory crunch in the third quarter, as most dealers showed healthy supply levels heading into October, according to an analysis by automotive shopping website CarGurus.
GM’s sales of its Silverado pick-up trucks jumped 16.6% to 155,482 vehicles, boosting the its total U.S. quarterly sales by 6.3% to 738,638 vehicles.
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