GM U.S. sales fall 21% in June; Ford and DaimlerChrysler sales down 8.1%, 1.8%
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More bad news for the economy: General Motors on Tuesday posted a 21.3% decline in June U.S. light vehicle sales to 320,668 cars and trucks. Car sales fell 19.3% to 138,351 while light truck sales dropped 22.8%. DaimlerChrysler posted a decline in June U.S. sales.
Ford Motor Co. posted a 8.1% drop in light-vehicle sales for month, and also pointed to its withdrawal from so-called fleet sales. Toyota saw its U.S. sales jump 10%, aided by strong results for its Prius hybrid car and Tundra pickup truck. Chrysler Group recorded a 1.4% fall despite a jump in car sales, as its larger vehicles continued to be a tough sell.
GM said its June decrease attributed to its planned reduction of rental-car sales, which fell 22%."Given the planned reduction in daily rental sales, we expected June would be a tough comparison to a year ago," said Mark LaNeve, VP/GM North American Sales, Service and Marketing, in a release.
GM's sales of cars and light trucks stood at 320,668 in June, down from 407,513 a year earlier. Sales of light trucks fell 23% to 182,317, while car sales fell 19.3% to 138,351. GM kept its Q3 North American production forecast unchanged at 1.075 million vehicles, and said it built 1.141 million vehicles in the region in Q2, down 8% from a year ago.
Ford posted an 8.1% decline in June U.S. sales to 247,599 cars and trucks. The decline reflected a planned 39% reduction in sales to rental car companies. Sales on the car side fell 24.6% to 81,087. Truck sales gained 2.9% to 166,512.
Its Jaguar continued its tailspin with a 34.7% drop, while Volvo posted an 11.9% fall. Land Rover sales rose 8.1%, thanks mainly to the new LR2 crossover. Sales of crossovers such as the Ford Edge and Lincoln MKX rose 83% from a year ago.
"These new crossovers are proof we are building more products people want to buy," said Mark Fields, Ford's president of the Americas, in a release. "The Edge and Lincoln MKX and other new and redesigned products are helping us to stabilize our retail market share, a key goal in our plan to return to profitability in North America."
At DaimlerChrysler, monthly unit sales fell 1.8% to 202,936 cars and trucks. The Chrysler side, the bulk of which is in the process of being sold to Cerberus Capital Management, handed in a 1.4% retreat to 183,347 vehicles.
Car sales roared ahead by 55% from June a year ago, owing mostly to an easy comparison. The company said that its "Maximize Your Miles" campaign, which highlighted the fuel economy of its current lineup, helped drive demand. The Mercedes-Benz division saw sales fall 5.8% to 20,802, even though its entry-level sedan, the C-Class, jumped about 12% last year. Still, the automaker said sales of 118,240 vehicles through the first half of 2007 was the best ever for Mercedes.
Major automakers spent an average of 2,483 in incentives per vehicle driven off the lot in June, according to Edmunds.com. That's up almost 4% from last month, but down 5% from a year ago. Domestic manufacturers made up 67% of the total as they struggled to keep pace with the foreign competition. Chrysler, with its truck and SUVs, again spent the most at 3,962, followed by Ford and GM.
GM and Ford both began offering aggressive incentives late last month, with 0% financing for 36 months on some models to go along with additional cash back deals. Toyota and Honda spent the least of the top six automakers. GM's Cadillac spent more than any other brand at about 7,682 per vehicle, followed by Ford's Lincoln at 5,430. Mini and Scion spent the least amount to move units.
Ford Motor Co. posted a 8.1% drop in light-vehicle sales for month, and also pointed to its withdrawal from so-called fleet sales. Toyota saw its U.S. sales jump 10%, aided by strong results for its Prius hybrid car and Tundra pickup truck. Chrysler Group recorded a 1.4% fall despite a jump in car sales, as its larger vehicles continued to be a tough sell.
GM said its June decrease attributed to its planned reduction of rental-car sales, which fell 22%."Given the planned reduction in daily rental sales, we expected June would be a tough comparison to a year ago," said Mark LaNeve, VP/GM North American Sales, Service and Marketing, in a release.
GM's sales of cars and light trucks stood at 320,668 in June, down from 407,513 a year earlier. Sales of light trucks fell 23% to 182,317, while car sales fell 19.3% to 138,351. GM kept its Q3 North American production forecast unchanged at 1.075 million vehicles, and said it built 1.141 million vehicles in the region in Q2, down 8% from a year ago.
Ford posted an 8.1% decline in June U.S. sales to 247,599 cars and trucks. The decline reflected a planned 39% reduction in sales to rental car companies. Sales on the car side fell 24.6% to 81,087. Truck sales gained 2.9% to 166,512.
Its Jaguar continued its tailspin with a 34.7% drop, while Volvo posted an 11.9% fall. Land Rover sales rose 8.1%, thanks mainly to the new LR2 crossover. Sales of crossovers such as the Ford Edge and Lincoln MKX rose 83% from a year ago.
"These new crossovers are proof we are building more products people want to buy," said Mark Fields, Ford's president of the Americas, in a release. "The Edge and Lincoln MKX and other new and redesigned products are helping us to stabilize our retail market share, a key goal in our plan to return to profitability in North America."
At DaimlerChrysler, monthly unit sales fell 1.8% to 202,936 cars and trucks. The Chrysler side, the bulk of which is in the process of being sold to Cerberus Capital Management, handed in a 1.4% retreat to 183,347 vehicles.
Car sales roared ahead by 55% from June a year ago, owing mostly to an easy comparison. The company said that its "Maximize Your Miles" campaign, which highlighted the fuel economy of its current lineup, helped drive demand. The Mercedes-Benz division saw sales fall 5.8% to 20,802, even though its entry-level sedan, the C-Class, jumped about 12% last year. Still, the automaker said sales of 118,240 vehicles through the first half of 2007 was the best ever for Mercedes.
Major automakers spent an average of 2,483 in incentives per vehicle driven off the lot in June, according to Edmunds.com. That's up almost 4% from last month, but down 5% from a year ago. Domestic manufacturers made up 67% of the total as they struggled to keep pace with the foreign competition. Chrysler, with its truck and SUVs, again spent the most at 3,962, followed by Ford and GM.
GM and Ford both began offering aggressive incentives late last month, with 0% financing for 36 months on some models to go along with additional cash back deals. Toyota and Honda spent the least of the top six automakers. GM's Cadillac spent more than any other brand at about 7,682 per vehicle, followed by Ford's Lincoln at 5,430. Mini and Scion spent the least amount to move units.
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