US: GM and FCA US top estimates for May sales growth

US: GM and FCA US top estimates for May sales growth image

General Motors, the largest US automaker and FCA US, the third biggest US carmaker managed to jump past analyst estimates with larger sales increases thanks mainly to Memorial Day promotions and the continued availability of accessible loans and cheap gas.

Fiat Chrysler Automobiles NV said its US unit managed to lift sales last month by 4 percent for its best May month in the past ten years, while GM was close with a three percent increase and Ford slipped around 1.3 percent, as truck sales continued to be lower than expected. Toyota, Honda and Nissan all topped analyst forecasts as well. General Motors totaled deliveries of 293,097 units, with sales to commercial and rental fleets sliding, while retail purchases jumped 7 percent. Fiat Chrysler’s North American division FCA US sold 202,227 autos in May, with the Chrysler brand jumping 32 percent to 29,802 units thanks to the 200 sedan. Jeep deliveries again posted a stellar result, growing by 13 percent to 79,652 vehicles and helping the automaker past 200,000 sales for the first time since March 2007. Fiat Chrysler has now managed to lift sales for 62 consecutive months, with its sales also led by the Ram truck brand.

Ford, the second largest US automaker continued its losing streak, with deliveries down a little over one percent to a total of 250,086 units. The carmaker’s best-selling nameplate, the F-Series pickup truck was still falling by 9.7 percent – with the new aluminum-bodied F-150 in high demand and the company working hard to lift production output. Meanwhile, at the Japanese trio, Toyota sales only slipped 0.3 percent and Nissan deliveries were down 0.8 percent. Honda was on the other hand gaining 1.3 percent, with all three automakers beating analyst predictions.

Via Bloomberg

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