GM Drives Highest Sales Since Sept and 4 Auto Stocks to Review
Ford Motor Co. (NYSE:F): Indian car sales are not flourishing any longer thanks to a slacking economy and wary fuel price regulations, new taxes, and softening currency reducing new car sales to a 2.8 percent rise in May, down from 7 percent in May 2011. Shares of Ford traded up $0.21 (2.24%) recently at $9.60.
General Motors Company‘s (NYSE:GM) June U.S. sales are the highest since September 2008: +16 percent Y/Y at 248,750 autos. Chevrolet is higher 14.8 percent at 180,098; GMC is up 14.9 percent to 37,677; Buick is at 18,851, up 26.8 percent; and Cadillac is up 11.6 percent to 12, 124.
Toyota Motor Corporation‘s (NYSE:TM) June U.S. sales are up 60.3% to 177,795 autos. This number misses the consensus estimate of analysts forecasting a 66 percent rise and follows earthquake-influenced comparable from the prior year.
Honda Motor Co., Ltd. (NYSE:HMC): America Honda turns in June 2012 American sales of 124,808 autos, a climb of 48.8% compared with June 2011 (the increase is 43.3 percent looking at the daily selling rate). The Honda Division reported June 2012 sales of 109,438 units, a rise of 45.6 percent compared to June 2011. Acura reported American sales in June of 15,370 units—an increase of 76.55 compared to June 2011.
Tesla Motors, Inc. (NASDAQ:TSLA) is debuting retail locations in places where people are not intending to shop for cars, and employing other plans to create a unique shopping experience, the Los Angeles Times reports. Tesla shares traded up $0.26 (0.86%) recently at $30.66.
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