Ford’s (F) June sales were down “only” 11% to 154,873. That means, based on drops in volume at other large manufacturers, that Ford picked up market share during the month. Ford Fusion sales were up 26%.
Sales of Nissan light trucks and cars fell 23% to 58,298. Toyota (TM) lost 33% to 131,654 and Chrysler was off 43% to 68,297. GM sales were off 33% to 176,571. Cadillac sales fell 40%.
Annualized sales of vehicles are currently running just below 10 million. While this is a recovery from levels in the first five months, it is still unlikely that any of the three domestic car companies can post consistent profits until sales come up another 10% to 15%. The car business still has a long way to go.
Douglas A. McIntyre
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
Ford’s (F) June sales were down “only” 11% to 154,873. That means, based on drops in volume at other large manufacturers, that Ford picked up market share during the month. Ford Fusion sales were up 26%.
