GM July sales drop 27 percent as trucks plummet

DETROIT (Reuters) - General Motors Corp (GM.N) on Friday reported a 27 percent drop in U.S. July vehicle sales, hurt by high fuel prices, a challenging U.S. economy and shortages of compact cars.

Adjusting for the two extra selling days last month compared to the same month a year earlier, GM reported a sales decline of 32.4 percent.

Overall, GM sales of light trucks in July declined 40 percent while car sales fell 19 percent on an adjusted basis.

(Reporting by Poornima Gupta, editing by Phil Berlowitz)