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Toyota, General Motors, Ford, Honda and Nissan

  //house-home.news-articles.net/content/2010/06/05/toyota-general-motors-ford-honda-and-nissan.html
  Published in House and Home on Saturday, June 5th 2010 at 5:20 GMT by Market Wire
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CHICAGO--([ BUSINESS WIRE ])--Zacks.com Analyst Blog features: Toyota Motor (NYSE: [ TM ]), General Motors (OTC: [ MTLQQ ]), Ford Motor (NYSE: [ F ]), Honda Motor Co. (NYSE: [ HMC ]) and Nissan Motor (OTC: [ NSANY ]).

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Here are highlights from Thursdaya™s Analyst Blog:

U.S. Auto Sales Gain 19% in May

Light vehicle sales in the U.S. auto industry grew 19% to 11.63 million units at a seasonally adjusted annualized rate in May. All the major automakers reported double-digit rises in sales except Toyota Motor (NYSE: [ TM ]). The sales gains were driven by a surge of new models in the market and an expansion of fleets by rental-car companies and governments.

U.S. Automakers

General Motors (OTC: [ MTLQQ ]) saw a 17% rise in sales to 223,822 vehicles. With this, the automaker topped its Detroit peers in absolute terms.

Sales of GMa™s four core brands -- Buick, GMC, Chevrolet and Cadillac -- grew 32%, driven by strong demand for redesigned vehicles including Chevrolet Equinox, Chevrolet Camaro, Buick LaCrosse and Regal, GMC Terrain and Cadillac SRX and CTS Wagon. Fleet sales rose 45% to 83,305 vehicles.

Ford Motor (NYSE: [ F ]) witnessed a staggering 23% rise in sales to 192,253 vehicles. This was driven by a strong demand for the F-Series pickup and the new Ford Mustang. Sales to rental, government and commercial fleets rose 32%.

Forda™s car sales were up 8.7%, utilities 17.7% and trucks 48.4%. Combines sales of Ford, Lincoln and Mercury brands rose 23.3% to 192,253 vehicles.Meanwhile, Volvo, which is to be sold to Chinaa™s Zhejiang Geely Holding Group, clocked a 16.5% decline in sales to 4,659 units.

Sales at Chrysler (including the Chrysler, Dodge and Jeep brands) escalated 33% to 104,819 vehicles. The Chrysler brand sales were up 29%, Dodge brand sales rose 73% and Jeep brand sales increased 6%.

Japanese Automakers

Toyotaa™s sales increased a tad (7%) to 162,813 vehicles. This reflected the automakera™s jolted reputation due to its latest string of safety recalls and its huge incentives losing their luster. Sales of Toyota brand vehicles rose by 3.6%, while sales of some sedans including the Camry and the Avalon declined from the year ago level. However, Lexus sales soared 31% on the back of generous incentives designed to spur sales following the recall of the GX 460 SUV in the Japan and the U.S.

Sales at Honda Motor Co. (NYSE: [ HMC ]) gained 19.1% to 117,173 vehicles. Sales of its popular sedan Accord jumped 33% while sales of its luxury Acura brand rose 24.3% from the year-ago level.

Nissan Motor (OTC: [ NSANY ]) has reported a 24.1% rise in sales to 83,764 vehicles. Sales at the Nissan Division rose 24% to 75,673 units during the month. Sales of Versa went up 95.6%, Sentra 59.6%, Altima 19.2% and Maxima 4.4%. Meanwhile, sales at Infiniti division grew 24.6% to 8,091 vehicles.

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