GM (GM) Sales Go To Hell
GM (GM) reported a 28% drop in May domestic sales to 268,892 cars and trucks from 371,056 a year ago. Cars dropped 14% while trucks fell 37%. GM blamed strikes, including the three-month break at supplier American Axle and Manufacturing.…
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GM (GM) reported a 28% drop in May domestic sales to 268,892 cars and trucks from 371,056 a year ago. Cars dropped 14% while trucks fell 37%. GM blamed strikes, including the three-month break at supplier American Axle and Manufacturing.
Ford (F) sales fell to 217,998 vehicles in May from 259,470 a year earlier. Truck sales plunged 29% for Ford. Sales of the Explorer SUV dropped 41% to 8,122, while demand for the Expedition tumbled 43% 5,252. Sales of the automaker’s top selling F-Series pickup trucks dropped 31% to 42,973 vehicles.
According to Bloomberg, "Toyota Motor Corp (TM). and Honda Motor Co. (HMC) each had two car models that outsold Ford Motor Co.’s F-Series trucks in the U.S. last month, as consumers shift away from pickups and sport-utility vehicles. Honda sold 53,299 Civics and 43,778 Accords last month, spokesman Chris Martin said. Toyota sold 52,826 Corollas and 51,291 Camrys, according to a statement. Ford reported sales of 42,973 F-Series pickups."
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
