In addition to the host of economic data out today in the U.S. and around the world, global auto makers are reporting January sales figures.Nissan reported January sales growth of 2 per cent, below expectations of 3.5 per cent expansion.
Honda sales rose 13 per cent in January. Analysts were looking for a 21 per cent gain.
Toyota reported auto sales growth of 26.6 per cent in January, ahead of analysts’ estimates of a 22 per cent rise.
General Motors reported sales up 15.9 per cent in January, ahead of expectations of a 13 per cent gain.
Below are highlights from GM’s press release:
General Motors Co. (NYSE: GM) announced today that it sold 194,699 vehicles in the United States in January, up 16 per cent compared with a year ago. Retail sales were up 24 per cent. Fleet sales were down 2 per cent.
“The year is off to a very good start for General Motors,” said Kurt McNeil, vice president of U.S. sales operations. “There’s a sense of optimism among our dealers that only comes when you pair a growing economy with great new products. We started to see the benefits in 2012 with vehicles like the Chevrolet Sonic, Cadillac ATS and Buick Verano. Now in 2013, we’re entering the sweet spot of our product plan in a growing economy.”
Over the course of 2013, Chevrolet will launch the all-new Impala, SS, Silverado and Corvette, as well as the Cruze diesel and Spark EV. Buick is launching the Encore small crossover, followed by redesigns of the Regal and LaCrosse. GMC will launch an all-new Sierra. Cadillac will launch an all-new CTS.
Ford reported sales up 22 per cent in January, ahead of analysts’ estimates of a 17 per cent advance.
Below are highlights from Ford’s press release:
- Ford Motor Company’s January U.S. sales increase 22 per cent, with gains across the lineup – cars up 34 per cent, utilities up 23 per cent, and trucks up 11 per cent
- Fusion up 65 per cent versus year-ago levels – a record January sales month
- Escape has best January sales ever – sales increase 16 per cent, topping last year’s January record
- Explorer sales up 46 per cent – best January sales since 2005
- America’s best-selling pickup for 36 years running, F-Series posts a 22 per cent gain
Chrysler was the first to post numbers. The Detroit auto maker reported sales up 16 per cent in January, ahead of analysts’ estimates of 15 per cent sales growth.
Below are highlights from Chrysler’s press release:
Chrysler Group LLC today reported U.S. sales of 117,731 units, a 16 per cent increase compared with sales in January 2012 (101,149 units), and the group’s best January sales since 2008.
The Chrysler, Dodge, Ram Truck and FIAT brands each posted year-over-year sales gains in January compared with the same month last year. The Dodge brand’s 37 per cent increase was the largest sales gain of any Chrysler Group brand in January. Chrysler Group extended its streak in January to 34-consecutive months of year-over-year sales gains.
“It’s been a good week for the Chrysler Group. On Wednesday we announced full year 2012 profits of $1.7 billion and followed that today with our January sales, up 16 per cent, marking our 34th-consecutive month of year-over-year sales growth,” said Reid Bigland, Head of U.S. Sales. “Entering 2013 our product portfolio has never been stronger with our new Ram truck picking up both the 2013 Motor Trend and the North American ‘Truck of the Year’ awards, and the introduction of our new 30 mpg highway Jeep® Grand Cherokee equipped with our new EcoDiesel engine.”
Total global vehicle sales reported by all auto makers are expected to fall to 15.2 million at a seasonally adjusted annualized rate in January from 15.3 million in December.
We will have more sales figures LIVE throughout the day as other auto makers report. Click here to refresh for updates >