December US Auto Sales - Sales down for GM, Ford, Chrysler 5 January
December US Auto Sales - Sales down for GM and Ford
The following is a summary of a UBS full-length report on this topic, dated
January 5, 2005.
* December auto sales fall 3.9%:
December auto sales fell 3.9% yoy to an industry SAAR of 17.2 million
units.
* GM and Ford sales down; Ford to announce turnaround plan:
GM's sales fell 10.3% yoy, with car sales down 19.4% and trucks down
4.7%. F sales declined 9% yoy, with car sales falling 5.8% and truck
sales falling 10.3%. F said that it would announce details of its
North American turnaround plan on January 23rd.
* Chrysler sales down 4.9%:
Chrysler's sales fell 4.9% yoy, with cars down 9.7% and trucks down
3.8%.
* Toyota sales rose 8.2%; Nissan sales down 1.1%:
Toyota Motor Corp.'s sales rose 8.2%, while Nissan Motor Inc.'s sales
fell 1.1%.
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