UPDATE 1-GM monthly sales down 34 pct after bankruptcy

* GM U.S. sales for June down 33.6 pct from year-earlier

* Results represent the first sales tally since bankruptcy

* GM says retail sales up, consumer reassured on viability

DETROIT, July 1 (Reuters) - General Motors Corp GMGMQ.PK
on Wednesday reported a 34 percent drop in monthly U.S. sales
for June, its first sales results since it filed for bankruptcy
in a restructuring funded by the Obama administration.

GM, which filed for bankruptcy protection on June 1, said
that it delivered 176,571 vehicles in June, compared with
265,937 a year earlier, roughly in line with analysts'
expectations given the turmoil of its restructuring.

Still the top-selling automaker in the United States, GM's
sales declines were led by brands it expects to carve away as
part of its restructuring.

Sales at GM's Saturn brand fell 60.2 percent, Saab sales
were down 58.4 percent and Hummer brand sales were down 48
percent from a year earlier. GM hopes to sell those brands.

However, sales at the Pontiac brand were down 16.4 percent.
GM plans to wind-down the Pontiac brand gradually and focus on
its Chevrolet, GMC, Buick and Cadillac brands.

The automaker also said in a call with analysts that it saw
some softening in demand toward the end of June and said there
was still evidence of some headwinds in the U.S. economy.

GM said it produced 394,000 vehicles in the second quarter
in North America, down about 53 percent from a year earlier.
GM declined to disclose a third-quarter production plan.
(Reporting by Kevin Krolicki and David Bailey, editing by
Matthew Lewis)