Toyota, Honda sedans outsell F-series pickups
DETROIT (AP) - June 3, 2008 GM said Tuesday its U.S. sales fell 28 percent in May compared
with a year earlier, while Ford's sales fell 16 percent, Chrysler
LLC's sales were down 25 percent and Toyota Motor Corp.'s sales
slipped 4 percent.
Honda Motor Co., riding the wave of customers seeking better
fuel efficiency, said its sales jumped 18 percent, led by a 36
percent increase in car sales. Nissan Motor Co. said its sales rose
8 percent, with a 19 percent increase in car sales.
The Toyota Corolla and Camry and Honda Civic and Accord sedans
all outsold the F-series truck, which saw sales plummet 31 percent
in May to 42,973. F-series trucks have been the best-selling trucks
in the U.S. for 31 years and the best-selling vehicles overall for
nearly as long. They also have been the best-selling vehicles each
month since June 2005, when the Chevrolet Silverado pickup took a
brief lead.
George Pipas, Ford's top U.S. sales analyst, said the last time
a car topped the monthly sales charts was the Ford Taurus sedan in
December 1992.
"May was a watershed month. We are, as an industry, catching up
with the breathtaking choices customers are now making," Ford's
sales chief Jim Farley said in a conference call with media and
analysts.
High gas prices, the weak economy and low consumer confidence
are taking their toll on larger vehicles. Farley said small and
mid-size cars made up 47 percent of sales in May, up from 34
percent - or 1.5 million vehicles - in February.
GM's decline was in part because of strikes at supplier American
Axle and Manufacturing Holdings Inc. and several GM plants, which
the automaker said cost 15,000 to 18,000 sales. GM's truck and SUV
sales fell 37 percent, while car sales fell 14 percent. The rapid
decline in truck and SUV sales caused GM to announce Tuesday that
it plans to close four truck and SUV plants by 2010, costing 10,000
jobs.
Ford's U.S. car sales were up 3 percent compared with last May,
and it sold more than 30,000 Ford Focus small cars for only the
second time in the car's nine-year history. But pickup and SUV
sales dropped 26 percent. Farley said the company plans to offer an
employee-pricing discount on the trucks this summer to clear out
inventory before the new F-series arrives this fall.
Ford said last month it plans to slash North American production
of trucks and SUVs for the rest of the year. Ford also is planning
to lay off salaried workers. Ford promised more details on its
restructuring plan in July.
Chrysler's car sales fell 33 percent and its truck sales were
down 22 percent despite an incentive program that lets buyers lock
in gas prices at $2.99 per gallon. Chrysler said the decline was
mainly due to a 40 percent cutback in sales to rental car companies
and other fleets.
Toyota's U.S. sales dropped 4 percent for the month, as flat
results for cars were dragged down by a 12 percent decline in
trucks and SUVs.
GM shares rose 12 cents to $17.56 in afternoon trading. Ford
shares rose 7 cents to $6.71, while Toyota's U.S. shares rose 8
cents to $102.59.
The Associated Press reports unadjusted figures, calculating the
percentage change in the total number of vehicles sold in one month
compared with the same month a year earlier. Some automakers report
percentages adjusted for sales days. There were 27 sales days last
month and 26 in May 2007.