U. S. sales at General Motors and Ford each fell about 5 percent last month, but the three largest Japanese automakers reported sales increases. The results early Monday could counter analyst predictions that sales will fall in June for the sixth straight month. Analysts expect…
U. S. sales at General Motors and Ford each fell about 5 percent last month, but the three largest Japanese automakers reported sales increases.
The results early Monday could counter analyst predictions that sales will fall in June for the sixth straight month.
Analysts expect sales to fall from 2 percent to 4 percent in June, the sixth straight month of declines. That means first-half sales could be negative for the first time since 2009.
GM says its sales dropped 4.7 percent, while Ford sales declined 5.1 percent. But Toyota reported a 2.1 percent increase, while Honda posted nearly a 1 percent gain and Nissan sales were up 2 percent. Volkswagen reported a 15 percent gain over June of 2016 when sales were depressed due to the company’s diesel engine emissions-cheating scandal.
