September Auto Numbers: U.S. Makers Miss the Mark
Auto makers in the United States posted their sales numbers on October 2, and results came in below analyst expectations.
Ford (NYSE:F) announced total vehicle sales for September were down 0.1 percent from September 2011. This decline was led by a 7.6 percent drop in truck sales, which are Ford’s leading vehicle class. The Ford Ranger, which is being phased out, sold 93 units.
Both car and utility vehicle sales were up, 1.6 percent and 8.7 percent, respectively. The Ford Focus saw the most growth in car sales, with a 91.4 percent increase in sales from a year ago. In utility vehicles, the Explorer climbed 18.7 percent for the same period.
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Compared to last September, Ford brand sales remained flat, while Lincoln brand sales dropped 3.1 percent. Ford total year-to-date vehicle sales are up 5.4 percent.
Edmunds.com expected Ford sales to grow 0.7 percent from last September.
The Buick brand led September with a 7.9 percent gain from last September, while Chevrolet led in year-to-date retail gains compared to 2011 with a 3.9 percent increase.
Edmunds.com expected GM sales to grow 1.9 percent from last September.
Toyota (NYSE:TM) and Honda (NYSE:HMC) were both expected to see massive gains of 32.2 percent and 28 percent respectively this September compared to last. While U.S. auto makers came in below the mark, Toyota is posting a 41.5 percent gain.
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