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Derek77

Minus Motors: GM, Ford See Sales Drop

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Derek77    0

DETROIT — U.S. automakers posted mixed February sales Wednesday, with Ford Motor Co. (F) hurt by sluggish truck sales, cross-town rival Chrysler posting a second-straight monthly gain, and General Motors posting a 2.5 percent drop in sales.

Ford Motor Co.'s U.S. sales, excluding its import brands, fell 3 percent, while sales for DaimlerChrysler AG's (DCX) Chrysler unit were up 3 percent.

Continued at http://www.foxnews.com/story/0,2933,186496,00.html

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VenSeattle    8

Meanwhile, industry watchers also expect Japan's Toyota Motor Corp. ™ and Honda Motor Co. Ltd. to post double-digit sales gains in February and to seize more market share from their ailing U.S. rivals.

Love their educated estimates. Industry watchers seem to be off quite a bit lately. Frankly, I don't think the minimal drop from GM warranted an article title of "Minus Motors" :

Torrance CA - March 1, 2006 - Toyota Motor Sales (TMS), U.S.A., Inc., today reported best-ever February sales of 166,940 units, an increase of 2.4 percent over the same period last year.

Torrance, Calif. 03/01/2006 -- American Honda Motor Co., Inc., is posting record February vehicle sales of 106,644, up 8.7 percent

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FUTURE_OF_GM    26

Well, I see the tirade of FABRICATED news is being pumped out once again by the propaganda machine. Oh yeah, and notice that we only see these articles when GM and Ford are down...

However, U.S. sales for Toyota, which has been on track to unseat GM as the world's largest automaker, rose only 2.4 percent in February -- short of the 10 percent gain analysts were expecting.

LOL... These people are STILL reporting that Toyota will unseat GM?!??!

Oh god... Toyota fell short! Get ready for a BLITZKREIG of anti-Detroit, Toyota slurping articles.

CASE IN POINT:

The sales results came on the same day that Fitch Ratings cut its ratings on GM deeper into junk, citing lack of progress by the automaker in lowering its operating costs.

We've passed the point of reality folks... GM did well this month and these people are still determined to see them fail. They'll counteract the good with something bad from now on to continue kicking GM while they're down.

Ford, which is aiming to stop the erosion in its U.S. market share, fell further behind with consumers.

And what is the point of this comment?!?!?! Just as an INSULT, that's the point.

GM said its own retail sales rose 1 percent, roughly in line with the overall market's growth over the first two months of the year. GM's less-profitable fleet sales, which it has vowed to cut back, indeed dropped 11 percent in February.

Hence the decreased sales dip$h!.

A survey released by Edmunds.com said the average incentive on a vehicle sold in February was $2,285, down 6 percent from January

Nice...

IN RELATED NEWS: The headlines on world news tonight reported on the ***COINCIDENCE*** that Consumer Reports released their top 10 cars list today which was ALL Japanese cars. (What a surprise) I guess Toyota made a call to them after they seen that their sales were off.

One lady was buying a Toyota Highlander hybrid (A typical, angry hippie type CR reader) and said that they "looked" at the Escape, but after reading CR decided that....PAUSE..... they'd just go with the Toyota. (You know, because that's what they were told to do)

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Newbiewar    1

the best news is, GM is still selling units without large incentives...

accually in many cases no incentives!

while the outgoing Thoes and Suburbans and avalanches recieve large incentives, they are really the only vehicles to be discounted...

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