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New Models
AUTOS: April Auto Sales Winners, Losers
Volkswagen, Chrysler and Toyota score double-digit increases while GM and Ford post declines as the industry rises a modest 2 percent over April 2011.
Volkswagen's compact Jetta boosted the automaker's industry-leading sales rise during April. (Photo: Volkswagen)
General Motors and Ford Motor Co. posted U.S. sales declines for April while the pace of gains slowed at Chrysler Group. Meanwhile, Toyota generated another double-digit increase, and Volkswagen brand jumped 32 percent for the biggest monthly gain.
Compared with April 2011, overall industry sales rose 2 percent, the smallest monthly increase since July. The results reflect an industry struggling to sustain the increases in previous Aprils as the market pulled out of recession. Sales rose 20 percent in April 2010 and 18 percent in April last year.
Last month, GM sales fell 8 percent and Ford was down 5 percent. It was the largest decline for each automaker since August 2010.
Chrysler's 20 percent gain marked its smallest since July. Toyota's 12 percent increase followed a 15 percent gain in March, signaling the automaker's ongoing recovery from last year's natural disasters in Asia.
Nissan Motor Co. said its April sales were flat. Honda Motor Co. reported a 2 percent drop in sales, with the Honda division off 3 percent and Acura advancing 5 percent. Subaru was up 6 percent and Mazda rise 4 percent.
The Hyundai-Kia Group posted an April sales record, with combined volume up 1 percent to 109,814 units.
Easing credit terms, pent-up demand and a steady, though bumpy, recovery in the U.S. economy is giving a lift to new car and truck sales. During the first quarter, new cars and light trucks sold at an annual rate of 14.5 million.
There were three fewer selling days last month compared with April 2011. GM said April marked just the second time in the past 10 years that there have been three fewer selling days compared with the previous-year period.
The SAAR is projected to reach 14.4 million in April, based on a poll of 41 analysts from Reuters, up from 13.1 million a year ago and on par with a 14.4 million sales rate in March.
"We expect gradual improvement in the economy going forward," Don Johnson, head of U.S. sales operations for GM, said in a statement. "Over time, strength in the manufacturing sector and strong retail sales will lead to more job creation. That will help more consumers put the recession behind them."
Toyota Motor Sales U.S.A. came within 1,614 sales of outselling Ford in posting its sixth straight monthly increase.
"With consumer confidence improving, we expect to see sustained industry growth in the months ahead," Bob Carter, general manager of Toyota Motor Sales, said in a statement.
GM said its sales fell to 213,387 units, with fleet volume down 25 percent. GMC was the only division to post higher sales last month.
Chevrolet deliveries fell 8 percent. Buick and Cadillac each dropped for the seventh straight month.
At Ford, sales dipped 5 percent, with demand off 13 percent at Lincoln and 5 percent at the Ford Division. Ford said its car sales dropped 11 percent, while demand for SUVs and pickups slipped 1 percent last month.
It was the first month Ford has posted an overall decline in U.S. sales since May 2011.
Compared with April 2011, overall industry sales rose 2 percent, the smallest monthly increase since July. The results reflect an industry struggling to sustain the increases in previous Aprils as the market pulled out of recession. Sales rose 20 percent in April 2010 and 18 percent in April last year.
Last month, GM sales fell 8 percent and Ford was down 5 percent. It was the largest decline for each automaker since August 2010.
Chrysler's 20 percent gain marked its smallest since July. Toyota's 12 percent increase followed a 15 percent gain in March, signaling the automaker's ongoing recovery from last year's natural disasters in Asia.
Nissan Motor Co. said its April sales were flat. Honda Motor Co. reported a 2 percent drop in sales, with the Honda division off 3 percent and Acura advancing 5 percent. Subaru was up 6 percent and Mazda rise 4 percent.
The Hyundai-Kia Group posted an April sales record, with combined volume up 1 percent to 109,814 units.
Easing credit terms, pent-up demand and a steady, though bumpy, recovery in the U.S. economy is giving a lift to new car and truck sales. During the first quarter, new cars and light trucks sold at an annual rate of 14.5 million.
There were three fewer selling days last month compared with April 2011. GM said April marked just the second time in the past 10 years that there have been three fewer selling days compared with the previous-year period.
The SAAR is projected to reach 14.4 million in April, based on a poll of 41 analysts from Reuters, up from 13.1 million a year ago and on par with a 14.4 million sales rate in March.
"We expect gradual improvement in the economy going forward," Don Johnson, head of U.S. sales operations for GM, said in a statement. "Over time, strength in the manufacturing sector and strong retail sales will lead to more job creation. That will help more consumers put the recession behind them."
Toyota Motor Sales U.S.A. came within 1,614 sales of outselling Ford in posting its sixth straight monthly increase.
"With consumer confidence improving, we expect to see sustained industry growth in the months ahead," Bob Carter, general manager of Toyota Motor Sales, said in a statement.
GM said its sales fell to 213,387 units, with fleet volume down 25 percent. GMC was the only division to post higher sales last month.
Chevrolet deliveries fell 8 percent. Buick and Cadillac each dropped for the seventh straight month.
At Ford, sales dipped 5 percent, with demand off 13 percent at Lincoln and 5 percent at the Ford Division. Ford said its car sales dropped 11 percent, while demand for SUVs and pickups slipped 1 percent last month.
It was the first month Ford has posted an overall decline in U.S. sales since May 2011.
The Lyonheart K
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