REUTERS: Major automakers posted lower U.S. monthly or quarterly new vehicle sales on Wednesday due in large part to weak fleet orders, but said consumer demand remained robust despite the ongoing coronavirus pandemic.
"I'm happy to do what we're doing, but there's a level of anxiety from top to bottom," Fink said."You can feel it with the consumers and you can feel it with staff members." GM posted a pandemic-fueled 34per cent decline in second-quarter sales, but noted while April sales were down about 35per cent versus the same month in 2019, May and June saw declines of around 20per cent or under.While U.S. consumer demand for new vehicles has rebounded surprisingly quickly despite the economic ravages wrought by COVID-19, the disease caused by the new coronavirus, fleet sales to rental car companies, corporations and government agencies have dragged overall sales down.
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