Fear of bankruptcy scaring off GM customers

It seems like the General is stuck either way. As the company faces hard financial times, customers are staying away from GM dealerships, says Mark LaNeve, GM’s vice president of North American sales. According to Automotive News, experts are saying that consumers are wary of brands that may not be around in the future to handle service or repair issues.

“There’s not a doubt in my mind that it has affected business,” LaNeve said today in a conference call with reporters and analysts.

LaNeve said that CNW Marking Research found that 20 to 30 percent of new car shoppers are staying away from Detroit’s Big 3 dealerships due to negative news about the three companies financial health.

GM sales fell 41 percent in November when compared to the same period in 2007.