Ford and General Motors See Double Digit Sales Growth in May
Five Star Equities Provides Stock Research on Ford and General Motors
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 06/06/12 -- Domestic auto sales have been on an impressive run in 2012 as an improving U.S. economy, and high gas prices have boosted the demand for new and more fuel efficient vehicles. Despite growing global economic concerns the top U.S. auto manufacturers posted double-digit sales growth in May. Five Star Equities examines the outlook for companies in the Auto Manufacturers Industry and provides equity research on Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM).
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Auto sales "were slightly below expectations [industry-wide], but despite all the negative macroeconomic trends, we actually did pretty well," said Jesse Toprak, vice president of market intelligence at TrueCar.com. "We are still up dramatically from last year and the underlying consumer demand is strong."
GM saw their highest monthly total in almost three years as sales of new cars and trucks in the U.S. jumped 11 percent to total 245,256 vehicles. The Chrysler Group LLC posted their best May in five years as U.S. sales surged 30 percent to 150,041 vehicles.
Five Star Equities releases regular market updates on the Auto Manufacturers Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Ford's U.S. sales jumped 13 percent in May to 216,267 vehicles. "Ford posted solid gains across our fresh lineup of new cars, utilities and trucks in May," said Ken Czubay, vice president of U.S. marketing, sales and service. "Fuel efficiency continues to be a top purchaser driver, and Ford's wide range of fuel-efficient products delivered again."
Chevrolet is entering into a five-year partnership agreement with Barclays Premier League giant Manchester United to become the club's Official Automotive Partner. "Manchester United has some of the most passionate supporters of any sporting club in the world," said General Motors Global Chief Marketing Officer Joel Ewanick. "The Chevrolet family is proud to partner with Manchester United and is fully committed to putting these fans at the center of everything we do."
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Datum: 06.06.2012 - 12:20 Uhr
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