Auto Sales: The Detroit 3 Disappoint


Photo: Flickr/John Hritz

October auto sales have been coming out all day.  Although the Detroit 3 posted healthy sales growth, they all missed analyst expectations.Sales increases were led by sport utility vehicles. Ford said utilities grew more than 38% as sales of its Explorer jumped 224% to 11,987.

On the electric front, the Chevrolet Volt had it’s best month. The company delivered 1,100 of the eco-vehicles, as marketing ramps up.

Japanese automakers have yet to report, but analysts expect another sales decline at Toyota. Honda previously announced that it saw sales growth in the month, but did not release total statistics.

The Detroit 3:

  • Chrysler: Total Sales:  114,512 units, Sales Growth: +27%, Expected Growth: 28%
  • Ford: Total Sales: 167,803 units, Sales Growth: +6%, Expected Growth: 7%
  • General Motors: Total Sales: 186,895 units, Sales Growth: +2%, Expected Growth: 6%

The Rest:

  • BMW: Total Sales:  27,318 units, Sales Growth: +17%
  • Daimler AG: Total Sales: 24,453 units, Sales Growth: +26%
  • Hyundai/Kia: Total Sales: 90,092 units, Sales Growth: +22%
  • Mazda: Total Sales: 18,326 units, Sales Growth: +2%
  • Mitsubishi: Total Sales: 4,378 units, Sales Growth: -14%
  • Nissan: Total Sales: 82,346 units, Sales Growth: +18%
  • Volkswagen: Total Sales: 38,415 units, Sales Growth: +36%
  • Volvo: Total Sales: 4,899 units, Sales Growth: +23%

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at