GM Increases Sales to Rental Fleets

General Motors surprised analysts by posting a 6 percent August sales increase–fueled by a 24 percent jump in sales to rental-car companies and a 16.6 percent rise in light-truck sales, the Associated Press reports.

Ford posted a 14.4 percent decline for August, sales analyst George Pipas said that was partly due to a 44 percent decrease in sales to rental car fleets.

According to the AP, Chrysler's sales were down 6.1 percent in August, the same month the company finalized its breakup with DaimlerChrysler. Chrysler said its sales to rental, government and industry fleets were down 20 percent, part of the company's effort to wean itself from fleet sales.

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