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.
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