U.S. auto sales steady in May after weak spring
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U.S. auto sales steadied in May to show surprising strength in the face of high gas prices and a weak housing market, led by gains for industry leaders General Motors Corp.  and Toyota Motor Corp. .
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DETROIT -- Ford's U.S. sales fell 8.1 percent in June and DaimlerChrysler slipped 1.8 percent while Nissan's U.S. sales rose 22.7 percent from a year ago, the automakers said Tuesday.
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Sales by retailers rebounded by a stronger-than-expected 1.4 percent in May as consumers shrugged off higher gasoline prices and increased spending on cars, clothing and building materials, a Commerce Department report showed on Wednesday.
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A recovery in the economy later  this year will keep U.S. vehicle sales from plunging as deeply  as the most bearish forecasts suggest, according to an outlook  released on Sunday by the group representing U.S. auto dealers.
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U.S. retail sales dipped 0.3 percent in January as automobile sales fell sharply, but purchases outside the volatile car sector gained a healthy 0.6 percent, a government report showed on Tuesday.
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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.
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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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The pace of existing home sales in the United States was off slightly in May to a 5.99 million-unit annual rate, the National Association of Realtors said in a report on Monday that showed continued weakness in the housing sector.
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U.S. car and truck sales likely slowed in October from incentive-driven, surprisingly strong levels in September, and Detroit automakers look set to take most of the fall.
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Autozone&#39;s (AZO:NYSE - news - research) first-quarter sales and earnings were virtually unchanged from a year ago, held back by higher fuel prices that made car owners skittish.
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Ford Motor Co.  and Daimler  Chrysler AG (DCXGn.DE) on Monday reported lower June sales,  citing high gasoline prices and slower sales of trucks and  sport utility vehicles, signaling a weak start to the summer  season.
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German carmaker DaimlerChrysler AG on Wednesday said its total US vehicle sales grew 1.6 percent in October, with a slight rise in sales of Chrysler Group vehicles offset by waning demand at the Mercedes-Benz group.
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Ford Motor Co. said it would see  an increase in U.S. retail sales in May for the first time in  six months, but overall sales were expected to decline as the  automaker continued to cut low-margin sales to daily rental  companies.
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TOKYO/DETROIT  - General Motors Corp.  on Tuesday posted a steeper-than-expected 24 percent drop in U.S. sales in June as local automakers lost share to Toyota Motor Corp.  and other Japanese brands, and demand sputtered overall in the face of high gas prices and a weak housing market.
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U.S. retailers release May same-store sales figures that show an improvement from the previous month, but with some weakness.
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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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German-US car giant DaimlerChrysler said that it was able to lift overall vehicle sales last year, thanks to the strong performance of its Chrysler and Smart cars, while sales of its prestigious Mercedes brand declined.