FILE – In this Jan. 12, 2009, file photo, the General Motors logo is on display at the North American International Auto Show in Detroit. As General Motors executives show off their newest cars and trucks in New York this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots. (AP Photo/Paul Sancya, File)
DETROIT (AP) — As General Motors shows off its newest cars and trucks in New York this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots.
Many expect GM sales to take a hit from a mishandled recall of small cars, though it’s unclear when and how severe. Any decline would hurt the automaker’s market share and potentially its credit rating. Concerned investors have sent GM stock to a 10-month low.
So far, GM executives say they’re not worried. Buyers recognize that the recalls affected older models and not the new vehicles in GM’s showrooms, GM’s global product development chief Mark Reuss said at an event Tuesday evening in New York to introduce a high-performance Corvette convertible and a new subcompact SUV, the Chevrolet Trax.
“We’re really not seeing people’s interest wane. It really is all about the products and the price and the value, and we’re Login to read more