GM sales drop in May

[doh]

http://biz.yahoo.com/rb/060601/autos_sales_gm.html?.v=7


DETROIT (Reuters) - General Motors Corp. (NYSE:GM - News) said on Thursday that U.S. sales fell in May, driven by a big slump in car sales, which offset a slight increase in demand for its new line of sport utility vehicles.

The world's largest automaker sold 345,157 vehicles in the United States last month, compared with 393,197 vehicles a year earlier.

Car sales dropped more than 19 percent, while truck sales slid more than 13 percent.

Results were adjusted for the extra selling day in May 2006.

"The overall industry was dampened by rising fuel prices and interest rates," GM sales chief Mark LaNeve said in a statement.

GM raised its second-quarter production forecast by 25,000 units to 1.225 million vehicles.

In the third quarter, GM plans to make 1.05 million vehicles, down 8.4 percent from a year

[I-Love-Pontiac]

I would like to know how the competition is doing.

Im not surprized car sales are down. They really dont have anything new and interesting. I was expecting the SUVs to be doing better. Not just a "slight increase".

When the Tahoe and Escalade came out, they seemed to be selling like hotcakes.

Oh well... whats bad for GM could be good for us :\

[SobeSVT]

Originally Posted by I-Love-Pontiac

I would like to know how the competition is doing.

Im not surprized car sales are down. They really dont have anything new and interesting. I was expecting the SUVs to be doing better. Not just a "slight increase".

When the Tahoe and Escalade came out, they seemed to be selling like hotcakes.

Oh well... whats bad for GM could be good for us :\

Ford sales down 1.9% for the month.

Total car sales up 6.4 percent; truck sales down 6.6 percent; total vehicle sales down 1.9 percent.

A few highlights:

* Fusion sales were 14,940, up 18 percent from previous best month.
* Fusion, Milan and Zephyr sales totaled best ever 20,267.
* Focus sales (20,391) highest since last August.
* CUVs up 12 percent; Escape and Mariner hybrids up 132 percent.

For more Ford sales down 1.9% in May

[FordMan]

Originally Posted by SobeSVT

Ford sales down 1.9% for the month.

Total car sales up 6.4 percent; truck sales down 6.6 percent; total vehicle sales down 1.9 percent.

A few highlights:

* Fusion sales were 14,940, up 18 percent from previous best month.
* Fusion, Milan and Zephyr sales totaled best ever 20,267.
* Focus sales (20,391) highest since last August.
* CUVs up 12 percent; Escape and Mariner hybrids up 132 percent.

For more Ford sales down 1.9% in May

Ford did ok this month, soon Ford's car gains will surpass its truck loss. Hopefully!

[1931Chevy]

I just hope GM do okay in the car segment as Ford is doing ,they might be lossing some sales on the SUV department but is good to see the car market doing good

[Laffer98]

GM will continue limping along at least for another year and a half and then look out all the new product will start hitting the market....