GM, Ford, Toyota see sales fall
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General Motors Corp. and Ford Motor Co. have reported disappointing US sales, prompting the two largest US automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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Fordâs sales fell 9 percent in December, ending with a whimper a year that is expected to be the worst for the auto industry since 1998.
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General Motors Corp.  on Tuesday posted a steeper-than-anticipated 24 percent drop in June sales, as U.S. automakers lost share and overall vehicle sales sputtered in the face of high gas prices and a weak housing market.
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U.S. sales for General Motors Corp.   and Ford Motor Co. were stuck in the slow lane in  May, hurt by gas prices and soft demand for large sport utility  vehicles, even as Japanese rivals raced ahead, analysts said on  Tuesday.
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DETROIT -- Ford Motor Co. reported Friday that its U.S. auto sales dropped 9.7 percent compared with the same period a year ago as both truck and car sales lost ground. DaimlerChrysler AG said sales rose 4.7 percent.
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Ford Motor Co.  dropped from second to fourth in U.S. auto sales in November as they slid a steeper-than-expected 10 percent, while Toyota Motor Corp.'s  sales surged 16 percent to put it in the No. 2 spot.
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General Motors and Ford Motor Co. continued to lose sales ground in October despite the introduction of several new products. Asian automakers continue to pick up ground as Toyota , Nissan, Honda, and Hyundai all posted sales increases.
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General Motors and Ford are both considering steep cuts in production, as their US sales slide in the face of Japanese competition.
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August was a dismal month for sales of new cars and trucks, with nearly every major automaker reporting a decline compared with a year ago.
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General Motors Corp.  on Tuesday said U.S. sales fell 24 percent in June, a decline much larger than analysts expected.
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Ford Motor Co  said on Tuesday that U.S. sales fell 14 percent in August, hit by a decline in showroom sales.
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G.M.âs sales were up 2.1 percent. In contrast, sales fell 12 percent at Chrysler, 2.3 percent at both Toyota and Honda, 4 percent at Ford and 7.3 percent at Nissan.
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Sales at Ford fell for the seventh consecutive month while General Motors gained market share but announced that it would cut production 12 percent in the fourth quarter.
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Ford Motor Co. said Wednesday that US sales fell 4.3 percent in November as car sales continued to decline and truck sales edged lower despite the continued popularity of its F-Series truck.
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Toyota Motor Corp.  took the No. 2 spot in the U.S. market in November from Ford Motor Co. , which saw sales tumble by a steeper-than-expected 10 percent and slashed its production outlook, according to sales data released on Friday.
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DETROIT -- Toyota reported a 17 percent rise in its US sales in August, while GM sales increased 3.9 percent from a year ago as the companies said buyers looked to more fuel-efficient offerings. But Ford's sales dropped 11.6 percent and sales by Honda and DaimlerChrysler each fell 3.2 percent.
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General Motors Corp.  on Tuesday  said U.S. sales fell 24 percent in June, a decline much larger  than analysts expected.