General Motors' April Sales Down 34 Percent, Inventories Drop 10 Percent

Like FoMoCo, General Motors' car sales in April were slightly better than the previous months of the year, with the automaker delivering 173,007 vehicles in the U.S. which is a 34 percent drop over the same month a year ago but up 11 percent or about 16,600 units when compared to March, 2009. GM also revealed that its inventories dropped to around 742,000 vehicles at the end of April, down about 82,000 vehicles (or 10 percent) compared with last year.

Last week, the American automaker announced that it would shut down 13 of its factories for multiple weeks to lower production by approximately 190,000 vehicles through the early part of the third quarter in order to reduce inventories to an expected level of about 525,000 vehicles by the end of July.