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Tuesday, June 03, 2008

Ford, Toyota Report Lower Sales

by Calculated Risk on 6/03/2008 02:35:00 PM

This is a followup to the post this morning about GM significantly cutting production.

From the WSJ: GM, Ford Sales Plunge As Truck Demand Wanes

In May, GM sales of cars and light trucks totaled 268,892, down from 371,056 a year earlier. There were 27 selling days in May, compared with 26 a year ago. ...

Toyota sold 257,404 vehicles in May, compared with 269,023 a year earlier. Toyota's passenger car sales inched up 0.4% to 168,942 while light-truck sales slid 12% to 88,462. ...

Ford reported May sales of 217,268 light vehicles, compared with 258,123 a year earlier. Sales of Ford trucks and sport-utility vehicles were down 26% to 126,364, with F-series truck sales tumbling 31%.
There is some good news: people are buying more fuel efficient cars - and the roads are noticeably less crowded where I live in SoCal.