May Auto Sales: Toyota Off 38%, GM Down 30%, Ford Off 21%
UPDATED at 3:06 p.m.:
May sales of Ford and General Motors vehicles were down sharply compared to May 2008 but did not drop as low as forecasters expected, as the two automakers showed surprising resilience to the ongoing troubles in the U.S. auto industry.
Meanwhile, Toyota said its North American May sales were off 38 percent compared to last year. May sales were, however, up 21 percent from April of this year.
Ford's May sales were down 21.3 percent in May. Forecasters expected a 29.9 percent drop.
General Motors's May sales were down 29.6 percent compared to last year. The largest U.S. automaker sold 191,875 vehicles in the month. Forecasters expected a drop of 37.5 percent.
GM sales actually rose 11 percent from April to May, the company said.
Ford is the healthiest of the Big Three Detroit automakers by definition -- it's the only one not in or just emerged from bankruptcy.
Also, Ford is the only of the Big Three to so far refuse government bailout money.
UPDATES from other automakers:
-- Mazda sales plunged 40.1 percent in May.
-- Porsche sales dropped 29 percent. Porsche sells only about 25,000 vehicles per year in the U.S.
-- Daimler said that Mercedes sales dropped 33.4 percent in May.
In other news: The Post's Kendra Marr and Peter Whoriskey are reporting that Chinese heavy industrial company Sichuan Tengzhong is the firm that has bought GM's Hummer division.
June 2, 2009; 3:06 PM ET
Categories: The Ticker | Tags: Chrysler, Daimler, Ford, GM, Hummer, Mazda, Mercedes, Porsche
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