GM Customers Unphased By ~30M Car Recall

GM GM shares are a favorite among investors Tuesday after the company showed that consumer are unphased by the nearly 30 million vehicle recall.

June sales results show one percent growth while analysts expected a 6.3 percent drop. This marks this best June for the automaker since 2007.

Strength was shown across General Motors brands. Buick and GMC, for example, had the best June since 2006, more than a year before the recession. Chevrolet Tahoe and Suburban sales were up 93 percent and 73 percent respectively. The Escalade led the way for Cadillac, with sales up 57 percent year over year.

Related: General Motors Issues More Recalls, Reach 27 Million Autos Recalled in 2014

US Vice President of Sales Kurt McNeil commented that, “June was the third very strong month in a row for GM, with every brand up on a selling-day adjusted basis.”

Shares of General Motors were last trading at $36.65, a 0.96 percent gain. This increase in value eliminates almost all losses from yesterday’s sell off following the announcement of an additional 8.4 million car recall.