General Motors Co. may reduce production of pickup trucks after inventories rose last month. GM’s truck inventory rose to more than 275,000 at the end of April working out to about 111 days of supply, according to Don Johnson, GM’s vice president of U.S sales. GM dealers had about 264,000 trucks on their lots last month.
GM’s U.S sales climbed 26 percent to 232, 538 vehicles in April compared to 183,997 a year earlier. Large pickup trucks have been a key driver of the auto industry’s sales recovery as small business owners begin to replace aging vehicles.
Mark Reuss, GM president for North America, said today, “We’re going to do something about it, but we haven’t made those calls yet,” Reuss said in a telephone interview. Buyers shifted away from trucks last month, “but no one month makes a trend, so we’ve got to see where this one holds,” Reuss said.
[Source: Automotive News]