Auto sales: Ford and Chrysler Group post a 25% gain from year-ago levels

Ford Motor (FFortune 500) and Chrysler Group both posted a 25% gain from the year-ago levels, although Ford sales fell by 9% from March. Chrysler managed a 3% gain on its March sales total. Toyota Motor sales rose 24% compared to a year ago, but that marked a 16% drop from its March sales total. General Motors reported a more modest gain in April sales compared to a year ago and also fell short of the March sales total.

Results at GM and Ford were roughly in line with forecasts and matched the trend expected across the industry. Forecasts are for total U.S. auto sales to be up between 21% to 23% from a year ago, but down between 5% to 7% from March.

Toyota fell far short of forecasts of a 33% to 39% rise from year-ago sales.

Only Chrysler’s sales were a bit better than forecasts, which had put its year-over-year sales gain in the 11%-19% range.

It wasn’t difficult for automakers to top numbers from last April, when bankruptcies loomed at GM and Chrysler, and the economy and financial markets were also in far worse shape, with job losses over the first four months of last year hitting record levels.

So comparisons to March sales might be more relevant, and somewhat less encouraging.

But George Pipas, director of sales analysis for Ford, said the company was not concerned about the month-to-month drop in industrywide sales expected in April. He said March’s sales were inflated by the storms in February, which pushed back some purchases, and the recall problems at Toyota Motor (TM) earlier in the year.

Ford’s April sales marked the fifth straight month the automaker’s sales gained 20% or more, good enough to move it back ahead of Toyota to be the No. 2 automaker in terms of U.S. sales.

It reported double-digit increases across most of its models and brands except Volvo, which it’s in the process of selling to Chinese automaker Geely. Car sales posted a 10% gain, while sales rose more than 30% for both of its truck and utility lines.

GM sales in April rose 6% from last April, but slipped 2% compared to March. That was slightly better than expert forecasts of a 3% to 4% gain compared to a year ago.

Sales at the four brands GM is in the process of closing or selling — Pontiac, Saturn, Hummer and Saab — tumbled 96% from a year ago. GM shed those brands as part of the bankruptcy process it filed in June of last year. There are less than 2,000 of the discontinued brands’ vehicles left in dealer inventories, according to Steve Carlisle, GM’s vice president, U.S. sales operations.

But the automaker posted much better comparisons for the sales of its four remaining brands — Chevrolet, Buick, GMC and Cadillac. Sales for those brands rose 20% compared to a year ago, and down only 1% from March levels.

Carlisle said he was pleased by the sales at the core brands and at the fact that GM was able to cut cash incentives offered to buyers in April.

“We continue to earn those sales, not buy them,” he said.

Chrysler sales gains were uneven. Sales of car models nearly doubled, while sales of light truck models other than minivan models fell 12%. Sales were flat at its Jeep brand, while sales at its Ram line of light trucks tumbled 22%. But sales for its Chrysler and Dodge brands both shot up 61%.

Other automakers are due to report results later Monday. To top of page

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One response to “Auto sales: Ford and Chrysler Group post a 25% gain from year-ago levels

  1. “Ford’s April sales marked the fifth straight month the automaker’s sales gained 20% or more, good enough to move it back ahead of Toyota to be the No. 2 automaker in terms of U.S. sales.

    It reported double-digit increases across most of its models and brands ………..Car sales posted a 10% gain, while sales rose more than 30% for both of its truck and utility lines.”

    Go FORD!

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