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 📅01 June 2017, 20:45

DETROIT – Ford, bolstered by crucial 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 expeditious sales made up about 19 percent of its total sales in May.

Ford’s naval task force sales rose 8.4 percent, representing more than 34 percent of total sales. The business average is around 20 percent.

Analysts had expected mixed results for the exertion, 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 requisition 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 but as April. A year earlier, sales stood at 17.55 million vehicles.

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

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

Manufacturers and dealers “as a matter of fact pushed the deals over the holiday weekend to prop up their May numbers,” she said. “Incentives were up angrily, and it seems automakers are putting more cash on the hood to nudge car shoppers to buy versus sublet out.”

General Motors dealers were offering discounts of up to $12,000 on the full-volume Chevrolet Silverado pickup, while some dealer 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 exemplar year started eight months ago.

Reporting by Paul Lienert

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