GM Sales Fall 0.6% Over First Quarter, And Yes, The Sky Is Falling In North America

The General just issued a release saying global sales fell 0.6% in the first quarter. The news isn't all bleak — sales in Latin America, Africa and the Middle East rose 19.6%, sales in the Asia-Pacific region grew 5.8%. Heck, they even posted a 3.3% sales increase in Europe. Apparently the increased sales everywhere in the world were offset a bit by that 10% decline in North American automotive sales. Yup, that'll do it. Hey GM, those footsteps you're hearing? It's Toyota. In front of you.