Update: November sales, first quarter forecasts
Reuters reports that General Motors, Ford and DamilerChrysler's Chrysler Group sales were all down year-over-year in
November: GM 11 percent, Ford 18 percent, and Chrysler Group 7 percent. Full-size SUVs were a disaster area, with sales
of Ford's Expedition down 44 percent and the smaller Explorer down 52 percent.
Meanwhile, Toyota was up 5.6 percent and Nissan down 7.8 percent. Asian brands overall scored a record 40 percent
market share.
BMW sales were up 11 percent for the month. In the money-is-(almost)-no-object segment,
Maserati predicts 2005 sales will be up 24 percent, while
Ferrari is on track to sell more than 5,000 units - an all-time record.
Porsche
sales were up 10 percent for the month.
Mercedes
sales were flat for the month, but on track for record 2005 total sales.
Perhaps the most interesting news was GM's forecast - the automaker raised its 2006 first quarter production forecast
6 percent, to 1.25 million units, on top of fourth quarter 2005 production of 1.28 million. Ford on the other hand cut
its fourth quarter production 20,000 units, to 790,000, and forecast first quarter production of 885,000 (vs. 908,000
in Q1 2005).
- Toyota forecasts continued U.S. sales growth While General Motors is working hard to hold the line on U.S. sales in a stagnant market, Toyota Motor Corp. continues to forge ahead. Interviewed at the Reuters Auto Summit, Toyota exec Irv Miller fo ...
- November sales not much better It's not exactly a big shock to anybody, we're sure, but unfortunately, November vehicle sales for the Big 3 are predicted to be only slightly better than they were in October, and it wasn't really al ...
- November sales recap Yesterday we reported that all predictions pointed to November sales still being pretty dismal, and unfortunatley, those predictions were right. The following is a list of adjusted sales increases/dec ...
- Honda forecasts accelerating sales growth in 2006 In parallel with Toyota’s forecast of 9.06 million vehicles for 2006, Honda Motor revealed its own good-news forecast for 2006, calling for near double-digit growth in global car sales, a consid ...
- GM exercises caution in financial update Rick Wagoner's recent financial update was pretty sketchy on what the year 2005 will bring, but future forecasts were upbeat and optimistic. What can drive GM's formula for success in 2006, you a ...
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