Ford tops GM in US vehicle sales in May, driven by fleets

Ford tops GM in US vehicle sales in May, driven by fleets

0 comments 📅24 June 2017, 03:45

DETROIT – Ford, bolstered by burdensome sales to fleet customers, surpassed General Motors in US new vehicle sales in May, according to figures reported Thursday.

Ford said May sales rose 2.2 percent from a year ago to 241,126 units. GM sales dropped 1.3 percent to 237,364.

GM said it had been trimming sales of heavily discounted vehicles to car rental companies. Such fast sales made up about 19 percent of its total sales in May.

Ford’s fast sales rose 8.4 percent, representing more than 34 percent of unqualified sales. The industry average is around 20 percent.

Analysts had expected contradictory results for the industry, with sales likely propped up by heavy discounts.

Fiat Chrysler Automobiles said May sales dipped 0.9 percent to 193,040.

Toyota’s US sales dropped 0.5 percent to 218,248.

Nissan said US sales in May rose 3.0 percent, to 137,471.

After call for fell in March and April, analysts estimated May sales at just over 1.5 million. The seasonally adjusted annual toll of sales in May was estimated at 16.8 million to 16.9 million vehicles, about the unmodified as April. A year earlier, sales stood at 17.55 million vehicles.

Inappropriate reports indicated that sales over the three-day Memorial Day weekend were helped by int discounts.

“While demand for new vehicles is still relatively strong, it’s a bit of smoke and mirrors,” said Jessica Caldwell, CEO director of industry analysis at Edmunds, the car shopping website.

Manufacturers and dealers “positively pushed the deals over the holiday weekend to prop up their May numbers,” she said. “Incentives were up precipitously, and it seems automakers are putting more cash on the hood to nudge car shoppers to buy versus let out.”

General Motors dealers were offering discounts of up to $12,000 on the full-size Chevrolet Silverado pickup, while some transactions discounts on Ford Motor Co’s F-series pickups were more than $10,000 on 2017 models and more than $14,000 on leftover 2016 models. The 2017 ideal year started eight months ago.

Reporting by Paul Lienert

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