In another, albeit expected, win for Japanese automakers, Ford’s (F) May US sales plummeted while Toyota (TM) saw a minor decline. CNBC:
Ford said overall auto sales fell 19.1 per cent, compared with market watchers’ prediction of a 16.1 per cent decline.
Sales fell to 217,998 vehicles in May from 259,470 a year earlier, including all of the automaker’s brands, Ford said.
Truck sales plunged 29 per cent for Ford, while its car sales declined 1 per cent from last year.…
Toyota said its Toyota-brand sales were down 6.3 per cent.
Honda (HMC) is expected to post a 3% gain, while GM is expected to post a dramatic drop in the 22-25% range.