GM, Ford sales gains outpace Toyota

[Omaha Steve]

Source: CNN

By Chris Isidore, senior writerJune 2, 2010: 2:00 PM ET

NEW YORK -- General Motors and Ford Motor both reported large gains in May sales, helped greatly by fleet sales to business customers, rather than to individual consumers.

Toyota Motor, the No. 3 automaker in terms of U.S. sales, reported a far more modest gain in sales, falling short of forecasts. As is typical, Toyota sells a far lower percentage of its vehicles to fleet customers than its U.S. rivals.

GM, the No. 1 U.S. automaker reported a 17% gain in sales compared to a year ago, led by a 32% rise in sales at the four brands it still markets -- Chevrolet, Buick, GMC and Cadillac.

Sales of the brands GM shed as part of its bankruptcy filing were off 94% from a year ago, although those brands now make up less than 1% of the company's U.S. sales.

Read more: http://money.cnn.com/2010/06/02/news/companies/auto_sales/

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Video with FULL story at link.

[Statistical]

1. WOOT. Keep making cars people want and prices they can afford. n/t

[OneTenthofOnePercent]

3. I've been eyeing the Focus which is running about $160/mo currently

I'd have to sell my current car, but I think I can get about $7k for it.
That would cover the down payment and about 2.5 years of car payments.
Then agian, do I really want to sell a car that only has ~50k miles on it?

[Statistical]

4. Probably not.

My philosophy has always been to keep vehicles for 7-10 years but that is just me.

[OneTenthofOnePercent]

9. Butmy daily driver is alreay 18 years old.

I actually hate putting undue wear and tear on it.

[tridim]

5. I'm looking at the Fiesta

Well, a few years down the road at least.

I LOVE hatchbacks and as a former Honda CRX owner, this shape makes me very happy.

[obxhead]

6. Hopefully it's built better than the last 3 cylinder POS

it was in the 80's/90's.

[tridim]

7. My buddy had one of those, it was actually pretty fun.

Very go-kart like.

[obxhead]

8. I agree

for the size of the motor etc it was funish. It just broke down far too often.

[tammywammy]

2. Recommended n/t