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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

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.

-- Frank Ahrens
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By Frank Ahrens  |  June 2, 2009; 3:06 PM ET
Categories:  The Ticker  | Tags: Chrysler, Daimler, Ford, GM, Hummer, Mazda, Mercedes, Porsche  
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Comments

That's called a desperation sale. I don't think the Chinese care much for labor unions. But of course, the UAW members are now government workers. Isn't socialism great!

Posted by: BubbaRight | June 2, 2009 1:12 PM | Report abuse

I'm still waiting for the "cash for clunkers" incentive. I am ready to buy within the next 6-12 months but will do so sooner if this handout becomes reality. I have a feeling more than a few other qualified buyers are doing the same.

Posted by: floucka | June 2, 2009 3:25 PM | Report abuse

I too am waiting for the Cash for Clunkers.

Since my current car gets 36 mpg, I'm looking at something that gets about 46 mpg or better, preferably a US-made Saturn plug-in hybrid.

If none exists, I'll buy a plug-in version of the Toyota Prius 2.

Posted by: WillSeattle | June 2, 2009 3:38 PM | Report abuse

I guess the title of this report and the title of the corresponding report in the New York Time would be a good resource for a journalism professor:

WP: Ford, GM Sales Declined in May
NYT: For G.M. and Ford, May Was Best Month
for Sales This Year

Posted by: James108 | June 2, 2009 3:43 PM | Report abuse

BARNEY FRANK RUNS FANNIE MAE

Obama is now running GM and Chrysler

What could POSSIBLY go wrong??????

Posted by: JaxMax | June 2, 2009 4:30 PM | Report abuse


American businesses in America are getting their a**es kicked. THEY DESERVE IT!!

Big Business in America have left the principles of free enterprise...now they've become the b*tch of the U.S. Government...

Whatever happened to develop a product, make the product and then keep the customer happy.

In the case of GM they sell overpriced (UNION LAZY-A** LABOR) vehicles and then when the vehicle has 40,000 miles on it and an internal engine part breaks down--the second or third owner have to eat the cost. Once the vehicle is sold GM says--"the hell with the other owners"--make them pay 1,000.00 for the engine that broke down.

GM didn't care about the vehicle they made or the customer they sold it to. It's hard to feel bad for them.

GM only cares about keeping the unions happy---It's hard to buy products from this kind of a company.


Posted by: charko825 | June 2, 2009 5:00 PM | Report abuse

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Posted by: janeseven | June 2, 2009 6:36 PM | Report abuse

Do how much did Ford sales go up from last month ? You posted everyone but Ford.

Posted by: wodon1836 | June 2, 2009 7:55 PM | Report abuse


Ford market share grows in the US


Ford, the only one of the "Big Three" US carmakers not to have gone bankrupt, has reported its share of the US market in May was its highest since 2006.

That is from the BBC

Posted by: wodon1836 | June 2, 2009 8:23 PM | Report abuse

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