Wednesday, June 1, 2016
#USA - Fiat Chrysler Reports Rise in May Auto Sales While Ford, Toyota and GM Post Declines: TheStreet
Published on 1 Jun 2016
May was a rough month for auto sales, according to fresh data released by automakers on Wednesday. Ford sales fell 5.9 percent year-over-year to 235,997 vehicles during the month. Though its F-Series truck posted a 9 percent gain, with 67,412 trucks sold. General Motors reported an 18 percent decline in sales over the past year, selling 240,540 units, missing estimates of a 13.1 percent decline. The company said a parts shortage from the Japan earthquake hampered production. Fiat Chrysler's sales rose 1 percent, compared to May of 2015, to 204,452 vehicles, and was the automaker's best May since 2005. The highlights for the quarter include Jeep sales, which rose 14 percent. Its Ram Truck also shined during the month. Toyota TM sold 219,339 units in May, a drop of 9.6 percent year-over-year. TheStreet's Scott Gamm reports from Wall Street.