Chrysler leaves Ford (F) and (GM) in the Dust
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Rating Summary:
12 Buy, 23 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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U.S. automakers, General Motor (NYSE: GM) and Ford (NYSE: F), reported sales today, and the numbers were not stellar. GM sold 201k vehicles, down 6.4 percent from a year ago. Ford’s sales fell 3.8 percent to 174k.
Sales of foreign carmakers all posted gain, with Toyota Motor’s (NYSE: TM) leading the charge with sales higher by 26.1 percent. Nissan’s sales rose 16.2 percent, and Volkswagen’s sales rose 27.3 percent.
GM and Ford’s problems may have more to do with Chrysler than Toyota and the other foreign companies, said Rebecca Lindland, an industry analyst with HIS Automotive, in a telephone interview with Bloomberg. “People are responding to their ad campaigns, and their new products that they see in the market place.”
Chrysler is a U.S -based company owned by Italian automaker Fiat. Chrysler’s sales were up 13 percent to 126k vehicles. Chrysler sold 772 Darts in July, and deliveries of the Chrysler 200 and 300 sedans each rose by more than 40 percent.
Sales of foreign carmakers all posted gain, with Toyota Motor’s (NYSE: TM) leading the charge with sales higher by 26.1 percent. Nissan’s sales rose 16.2 percent, and Volkswagen’s sales rose 27.3 percent.
GM and Ford’s problems may have more to do with Chrysler than Toyota and the other foreign companies, said Rebecca Lindland, an industry analyst with HIS Automotive, in a telephone interview with Bloomberg. “People are responding to their ad campaigns, and their new products that they see in the market place.”
Chrysler is a U.S -based company owned by Italian automaker Fiat. Chrysler’s sales were up 13 percent to 126k vehicles. Chrysler sold 772 Darts in July, and deliveries of the Chrysler 200 and 300 sedans each rose by more than 40 percent.
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