General Motors (GM) Just Beat Analysts Over This

Shares of General Motors saw a boost on Thursday morning after the company reported that August sales were down 5.2% year-over-year to 256,429, coming in better than what analysts had expected.

Analysts were estimating sales to drop 5.7%.

General Motors sold 212,915 vehicles to individual or retail customers in August, which was down about 5% from last year.

Kurt McNeil, U.S. VP of sales operations, said in a statement, “Despite tighter dealer inventories, we had a solid retail performance in August led by Chevrolet, which gained retail share in eight different segments.”

Disclaimer: We have no position in General Motors Company (NYSE: GM) and have not been compensated for this article.