General Motors Co’s stock drops after November vehicle deliveries are seduced by all brands

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Shares of Gm Co. (GM) slumped 1.2% in morning trade, as soon as the auto maker said November U.S. vehicle deliveries fell 2.9% from a last year to 245,387 units, as all brands declined. Chevrolet sales fell 1.1% to 167,777 units, while GMC sales declined 5.8%, Buick sales fell 3.0% and Cadillac sales were down 12.8%. Retail sales slipped 0.1% to 197,340 units, as declines in GMC, Buick and Cadillac retail sales offset more Chevrolet sales. GM said Chevrolet retail sales rose 1.9% to 128,485 units, the most effective retail November performance since 2004. Total fleet sales fell 13%, as daily rental deliveries dropped 24%. GM’s stock has rallied 14% during the last 3 months, while the S&P 500 SPX, -0.13% has gained 6.8%.

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