Auto sales wobble in June, GM plunges
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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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General Motors Corp. GM.N and Ford  Motor Co. F.N posted weaker U.S. sales for August on  Wednesday and both cut planned fourth-quarter production as  their aging vehicle lineups lost ground to rival Chrysler and  some foreign brands.
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Chrysler Group and Ford Motor Co.   on Tuesday reported steep declines in July vehicle sales, a  drop expected to cost both U.S. automakers share in a weaker  market overshadowed by concerns about fuel efficiency and high  gasoline prices.
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Fallout from a crisis in the U.S. subprime mortgage market rattled the auto sector on Tuesday after the debt package for a General Motors asset sale was postponed and borrowing costs on automakers' debt surged.
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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  said on Thursday its U.S vehicle sales fell 5.2 percent in December as consumer demand softened amid a weak housing market and higher gas prices.
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U.S. auto sales have been slipping as   domestic automakers have struggled to boost sales amid high gas   prices this year -- a trend that will continue into next year,   industry executives and analysts said.
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US retail sales fell unexpectedly in June as American consumers cut back their spending amid a persistent housing slump and higher gasoline costs, a government survey showed Friday.
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Sales at U.S. retail stores  unexpectedly shrank 0.1 percent in June, the first decline  since February, pulled down by weaker sales of cars and  building material, government data showed on Friday.
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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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New home sales in May fell more than expected while consumer confidence in June hit a 10-month low amid worries about jobs and the business climate, adding to signs of sluggish economic growth this year.
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General Motors Corp.  posted an unexpected rise in February sales on Thursday, bucking a slump that pulled monthly U.S. auto sales lower for its struggling Detroit-based rivals, while Japan's Toyota made further market inroads.
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U.S. auto sales are expected to have dropped in May as a weak housing market and higher gas prices sapped demand, analysts said this week.
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General Motors Corp  posted a  5-percent gain in U.S. sales for August on Tuesday, bucking a  downtrend for the embattled industry linked to a weaker housing  market and a shakeout in subprime lending.
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Hurricane Charley's damaging path through Florida and the growing ineffectiveness of sales incentives caused U.S. car and trucks sales to slip in August, raising the likelihood of costly cuts in vehicle production, analysts said.
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After a dismal start to summer, August looked a little brighter for the auto industry despite continuing concern over high gas prices and turbulence in the housing and financial markets.
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Sales at retailers surprisingly dropped 0.9 percent in June, the biggest decline in almost two years, as car and gasoline sales fell, a government report showed on Friday.