GM sales, used-car values hold up through recalls
Source: AP-Excite
DETROIT (AP) — Consumers looking for a used vehicle aren't shying away from GM models — even though more than 20 million GM cars and trucks have been recalled this year.
General Motors cars such as the Chevrolet Malibu have retained or increased in value, sometimes more than rival vehicles. And sales of new cars aren't slowing either, up 13 percent in May.
GM has issued 44 recalls in North America this year for parts ranging from ignition switches to air bags. The most serious is for ignition switches in 2.6 million small cars linked to more than 50 crashes and at least 13 deaths. Investigations into that recall have exposed GM as a company that was too slow to react to serious safety issues.
In the past, consumers punished automakers for big recalls. Those companies lost market share — Toyota's dropped 2 percentage points over 12 months when it recalled 14 million cars for unintended acceleration. Yet GM's has held fairly steady so far, around 18 percent.
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Read more: By TOM KRISHER
FILE - In this Jan. 20, 2013 photo, 2013 Chevrolet Mailbus sit at a Chevrolet dealership in Englewood, Colo. General Motors reports monthly sales on Tuesday, June 17, 2014. Cars such as the Malibu have retained or increased their value, sometimes more than rival vehicles in the same market segment. (AP Photo/David Zalubowski, File)
