Domestic car sales are expected to move into reverse in June. That should be expected after a year of monthly increases–some of them breathtaking.
Edmunds expects every major car company to post declines with Chrysler, of course, having the largest falloff–13.5% from May’s figure. Nissan is expected to have a 13.1% fall-off, and Toyota will be down 12%.
While car company sales are expected to cool off from May, most brands should post increases from June 2009.
The question is whether June will be the beginning of a trend driven by another slowdown in the economy and tightening consumer credit.Ford Motor (NYSE: F) is expected to sell 174,700 vehicles and have a 17.6% market share.GM is forecast to sell 204,700 units and have a market share of 20.6%, which is critical to its IPO plans. Toyota Motor (NYSE: TM) should sell 143,200 cars and trucks, and post a market share of 14.4% well down from its 15.4 in June 2009.
Total industry sales are expected to be off 9.5% from May
Douglas A. McIntyre
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