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GM ends reporting monthly US vehicle sales; goes quarterly for data quality

GM's actions could prompt other automakers to also switch to quarterly US sales reports

Reuters  |  Detroit 

General Motors Co said on Tuesday it will stop reporting monthly US vehicle sales, saying the 30-day snapshot does not accurately reflect the market and will instead issue quarterly sales. GM will also no longer report monthly sales in China, its largest market, and Brazil. GM will provide monthly data to the US Federal Reserve, industry associations and government agencies across the globe but that data is not made public. Analysts and investors rely on monthly US vehicle sales not just to track the performance of individual automakers, but as a barometer of the health of the ...

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First Published: Tue, April 03 2018. 19:43 IST