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Month: January 2019

FCA, Honda, Nissan Dec. sales rise; GM, Ford, Toyota slip

FCA, Honda, Nissan Dec. sales rise; GM, Ford, Toyota slip

U.S. sales at FCA US, Honda and Nissan rose last month while Ford, General Motors and Toyota posted declines, capping a year that saw the industry offset plunging demand for cars with healthy light-truck deliveries.

The results from most major automakers are in line with forecasts pointing to a December that will be on par with year-earlier figures. That means the auto industry’s sales total for the year will top those of 2017, defying predictions of a slump. GM on Thursday predicted an industry sales tally of 17.3 million for 2018, the fourth-highest on record.

FCA US said December sales rose 14 percent, driven by gains of 10 percent at Jeep, 37 percent at Ram and 17 percent at Dodge. For the year, FCA’s U.S. deliveries jumped 9 percent.

At Ford Motor Co., December sales dropped 8.8 percent, with volume off 9.6 percent at the Ford division but rising 8.5 percent at Lincoln. For the year, Ford sales dropped 3.5 percent behind an18 percent decline in car deliveries.

GM’s U.S. sales dipped an estimated 3.7 percent last month. GM said Thursday it sold 785,229 light vehicles in the fourth quarter, a decline of 2.7 percent from the last three months of 2017. read more