General Motors Oct. US sales fall as auto boom slows

The Detroit automaker says it sold nearly 259,000 cars and trucks in October

FILE - This April 21, 2009, file photo shows General Motors world headquarters in Detroit. A federal bankruptcy judge ruled Wednesday, April 15, 2015, that General Motors is shielded from death and injury claims potentially totaling billions of dollars tied to defective ignition switches in certain GM small cars. (AP Photo/Paul Sancya, File)
(AP Photo/Paul Sancya, File)

DETROIT (AP) – General Motors says its U.S. sales fell 1.7 percent last month as all brands but Buick reported declines.

The Detroit automaker says it sold nearly 259,000 cars and trucks in October and increased retail sales to individual buyers by 3 percent.

GM has been shunning low-profit sales to rental car companies in favor of more lucrative retail sales.

But the overall monthly decline is a sign that U.S. auto sales have peaked and may be falling slightly after last year’s record of 17.5 million.

GM reported that it’s getting strong prices for its vehicles. Its average sales price of $43,988 was a record for October.

Sales of GM’s top-selling Chevrolet Silverado pickup fell nearly 4 percent, but Chevy Tahoe SUV sales rose 81 percent.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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