GM faces a falling sales for Trucks and SUVs in US

General Motors Corporation is facing falling sales of Trucks and sport utility vehicles (SUVs) in past six months due to a faster increasing gas prices and slowdown in United States economy.

The company's present market share in US is 20 percent approximately in comparison to 30 percent in the year 2000. This downturn in sales has prompted for a lowering production of slower selling models.

On the contrary, the Toyota Motors has strengthened its selling in the country. Toyota's market share has reached at 16 percent today in comparison to around 10 percent in 2000.

It is expected that the company will reduce production of those pick up trucks and SUVs in North America. This is expected to influence the job market largely. In this period of recession, the Company is also expected to cut dividend payments.

Collapsing demand for the trucks and SUVs has become a major concern. This has reduced the company's earnings over various quarters.