General Motors (GM, Fortune 500) reported that its U.S. sales fell 18% in June versus a year ago. Sales of GM's light trucks, which includes pickups, SUVs and so-called crossovers, tumbled 16%. GM's car sales dropped 21% in the month.
Still, the results were better than forecasts of an overall 25% decline in sales. And it was good enough for GM to hang onto the title of the No. 1 automaker in terms of U.S. sales.
Ford Motor (F, Fortune 500), the No. 3 automaker in terms of U.S. sales, posted a 28% decline in sales -- steeper than Edmunds.com's forecasts of a 25% drop. Ford saw demand for its SUVs plunge by more than half and for pickups and other trucks fall more than a third.
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