Big Three auto sales drop in June
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General Motors Corp. said yesterday its US light vehicle sales plunged 21.3 percent in June, while Toyota Motor Corp. reported its vehicle sales jumped 10.2 percent.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives and Fiat SpA&#39;s loss widened.
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The pace of existing home sales in  the United States fell in June to a lower-than-expected 5.75  million unit annual rate while prices and inventories showed  signs of stabilizing, the National Association of Realtors said  in a report Wednesday.
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Sales of new homes fell in June for the first time in four months, and the government also lowered figures for May, providing further evidence the high-flying housing market is losing altitude.
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Ford Motor Co.  said on Friday  U.S. May vehicle sales fell 6.8 percent from a year earlier as  higher gas prices and a weaker housing market hurt consumer  demand and the automaker cut back on fleet sales.
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Consumers put away their wallets in June, sending retail sales plunging by the sharpest amount in nearly two years. Sales of autos, furniture and building supplies all fell, highlighting the economy's weak spots.
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Shares of Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. fell after their combined August US sales declined for the first time since 2002.
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General Motors Corp. and Ford Motor Co. this week reported disappointing US sales for August, prompting the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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The pace of sales of existing homes  in the United States fell 1.3 percent in June to their slowest  pace since January, the National Association of Realtors said  on Tuesday.
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Sales by Detroitâs two largest automakers fell as they focused on more profitable transactions at dealerships.
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Despite more aggressive discounts, Ford  Motor Co.  and Chrysler Group on Tuesday reported lower  U.S. sales for June, underscoring the drag on the U.S. auto  industry from high gas prices, fierce competition and a weak  housing market.
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General Motors Corp.  said on  Thursday that U.S. sales fell in May, driven by a big slump in  car sales, which offset a slight increase in demand for its new  line of sport utility vehicles.
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Chrysler LLC said on Tuesday its U.S.  sales fell 6 percent in August as the automaker cut back on  sales to daily rental companies.
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DaimlerChrysler AG (DCXGn.DE) on  Thursday said U.S. vehicle sales fell 8 percent in February.
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Detroit automakersâ share of the American car market fell to a record low in June, foreshadowing another summer of deep discounts, cheap car loans and deals on leases.
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General Motors, Ford and Chrysler Group held just 50.6 percent of auto sales in the U.S. last month, their lowest ever.
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General Motors Corp.  on Tuesday posted a steeper-than-anticipated 24 percent decline in June sales, as U.S. automakers lost share and overall monthly sales sputtered in the face of high fuel prices and a weak housing market.