"This is still a very fragile industry," said Ken Czubay, Ford's vice president of sales, on a conference call with reporters. "it won't be straight line up from here to the end of the year."
From CNNMoney.com: GM sales: much better than expected.
A day after filing for bankruptcy, General Motors Corp. said its light vehicle sales in May fell much less than anticipated.
GM said total car and light truck sales fell 29% compared to a year earlier. That was much narrower decline than the Edmunds.com analysts' forecast of a 36.9% drop and better than the 33% retreat in April.
Its four brands which will be dropped in a restructuring of the company- Pontiac, Saturn, Saab, and Hummer- each reported much bigger sales declines than GM's overall drop, the worst being a 63.5% plunge in Saab sales.
Ford Motor Co's U.S. auto sales fell less than expected in May marking its best performance since July 2008, the automaker reported on Tuesday.
Analysts predict the combined monthly U.S. market share for Chrysler, Ford and General Motors' domestic vehicles will be 43.9% in May 2009, down from 45.3% a year ago and 46.6 in April.
As the economy continues to improve and confidence returns sales will begin to return to positive numbers. Let's keep the good news coming in.
No comments:
Post a Comment