TITLE

GM/Ford: sales growth a flash in the pan?

PUB. DATE
August 2005
SOURCE
MarketWatch: Global Round-up;August 2005, Vol. 4 Issue 8, p13
SOURCE TYPE
Market Research Report
DOC. TYPE
Article
ABSTRACT
This article reports that U.S. carmakers General Motors Corp. (GM) and Ford Motor Co. have revealed a welcome rise in U.S. vehicle sales for last month. On closer inspection, the increase appears largely attributable to massive discounting drives. After a period of significant stagnation, new results released by U.S. carmakers indicated that their fortunes may be changing. GM's sales for June 2005 were a huge 41% higher than those for last year, buoyed by an increased uptake of its fuel-guzzling SUVs, minivans and pickups. Ford also saw an overall increase in sales for June, albeit to a lesser extent, selling 289,449 vehicles, a 0.7% increase on the previous year. For the month of June, both Toyota Motor Corp. and Nissan posted steady double-digit growth, at 10.2% and 14% respectively.
ACCESSION #
18835345

 

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