Ford says its U.S. sales for May were down 0.1 percent versus the same time in 2010. However, this was within the estimates by analysts and making it virtually unchanged.
The company [F 14.30 -0.62 (-4.16%) ] says May was its best month for small-car sales since 2008, and that strong sales of small cars were weighed down by slower sales of pickup trucks.
Small cars sales were up 74 percent from last May, led by Ford's new Fiesta subcompact and its newly redesigned Ford Focus. The new Ford Explorer also was strong, with sales more than double those of last May.
Ford's truck sales were down 11 percent, dented by the slow recovery in home building and construction. Ford's luxury Lincoln brand also continued to suffer, with sales down 5 percent from last May. The company is in the midst of revamping the Lincoln brand.
Meanwhile, General Motors [GOM 24.05 -0.05 (-0.21%) ] says its sales for May of 2011 were down 0.5 percent from the same time last year, but that figure is within analysts' expectations.
The drop was for GM's core brands—GMC, Chevrolet, Buick and Cadillac. Including non-core brands, the total decline in sales was 1.2 percent.
The largest U.S. car company says it sold 221,192 vehicles last month, led by smaller, more fuel-efficient models.
GM blamed the drop mainly on a decision to cut sales to rental car companies by 21 percent from a year earlier. Sales to individual buyers rose 9 percent despite a 10 percent drop in rebates and other incentives.
GM's sales were led by the new Chevrolet Cruze compact and the Chevrolet Equinox and GMC Terrain midsize crossover vehicles. Cruze sales were up 40 percent over the Chevrolet Cobalt, the lackluster model it replaced.
Equinox sales were up 34 percent and Terrain sales rose 42 percent. Sales of GM's full-sized pickup trucks, however, were down about 13 percent.
CNBC
MORE:
http://www.cnbc.com/id/43236221
hostgator coupon 2011
No comments:
Post a Comment