sales fell again in May, dropping 34% to 925,824 vehicles, but showed some
signs of stabilization as Ford, General Motors and Toyota reported their
highest monthly totals this year. Here's the breakdown:
-General Motors (GM): Sales fell 29.6% from
a year ago to 191,875 (vs. consensus of -37%), but gained 11% vs. April.
-Ford (F): Sales fell 24.2% (vs.
-29% consensus), but were up 20% from April to 155,954 - the highest since
July 2008. Inventories fell by 41,000 to 350,000. Says it's boosting Q2
production by 10,000 vehicles to 445K.
-Chrysler: Sales fell 47% to 79,010 vehicles. The drop was steeper
than other carmakers' but in-line with Chrysler's performance in the last
several months as it headed towards bankruptcy.
-Toyota (TM): Sales fell 40.7% to
152,583. Lexus sales fell 46% but were up 17.9% from April.
-Honda (HMC): Sales fell 39.2% to
98,344. YTD sales are down 33.3% compared to last year. Hybrid sales were
-Nissan (NSANY): Sales fell 33%
to 68,489 (vs. consensus of -37%).