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And now, the hangover: July brings disappointing sales numbers for GM and Ford after June had surprised. GM is down 6 percent in July. Ford is down 4 percent. Even Chrysler Group reports down to earth results with July up only 13 percent after a truly ballistic series of months. In June, Edmunds Senior Analyst Jessica Caldwell politely voiced suspicions that the beautiful June numbers were the product of cosmetics: "There was great pressure from automakers to close June strong, especially after the unexpectedly weak Memorial Day holiday weekend in May. It is the end of a quarter so undoubtedly they wanted to finish big." The problem with these operations is that the next month, there will be headaches. And the headaches are now. The foreigners,Subaru, Nissan, Toyota, Volkswagen all report solid double digit sales. Analysts did not predict stellar results for GM and Ford, but both came in much lower than analysts predicted. This does not bode well for the stock prices. | Automaker | July 2012 | July 2011 | Pct. chng. | 7 month
2012 | 7 month
2011 | Pct. chng. | | BMW Group | 27,184 | 26,150 | 4% | 185,939 | 169,851 | 10% | | BMW division | 21,297 | 21,409 | –1% | 147,801 | 135,114 | 9% | | Mini | 5,855 | 4,711 | 24% | 37,914 | 34,527 | 10% | | Rolls-Royce | 32 | 30 | 7% | 224 | 210 | 7% | | BMW Group | 27,184 | 26,150 | 4% | 185,939 | 169,851 | 10% | | Chrysler Group | 126,089 | 112,026 | 13% | 960,157 | 751,958 | 28% | | Chrysler Division | 20,792 | 15,427 | 35% | 188,546 | 111,495 | 69% | | Dodge | 35,630 | 33,653 | 6% | 297,208 | 263,551 | 13% | | Dodge/Ram | 60,028 | 54,870 | 9% | 464,089 | 404,866 | 15% | | Fiat | 3,710 | 3,038 | 22% | 24,416 | 7,982 | 206% | | Jeep | 41,559 | 38,691 | 7% | 283,106 | 227,615 | 24% | | Ram | 24,398 | 21,217 | 15% | 166,881 | 141,315 | 18% | | Chrysler Group | 126,089 | 112,026 | 13% | 960,157 | 751,958 | 28% | | Daimler AG | – | – | –% | – | – | –% | | Maybach | – | – | –% | – | – | –% | | Mercedes-Benz | – | – | –% | – | – | –% | | Smart USA | – | – | –% | – | – | –% | | Daimler AG | – | – | –% | – | – | –% | | Ford Motor Co. | 173,482 | 180,315 | –4% | 1,313,865 | 1,250,051 | 5% | | Ford division | 166,507 | 172,501 | –4% | 1,264,928 | 1,199,986 | 5% | | Lincoln | 6,975 | 7,814 | –11% | 48,937 | 49,817 | –2% | | Mercury | – | – | –% | – | 248 | –100% | | Ford Motor Co. | 173,482 | 180,315 | –4% | 1,313,865 | 1,250,051 | 5% | | General Motors | 201,237 | 214,915 | –6% | 1,516,950 | 1,476,525 | 3% | | Buick | 14,391 | 16,873 | –15% | 104,589 | 110,472 | –5% | | Cadillac | 13,417 | 11,119 | 21% | 76,229 | 87,241 | –13% | | Chevrolet | 138,942 | 149,005 | –7% | 1,100,604 | 1,053,543 | 5% | | GMC | 34,487 | 37,918 | –9% | 235,528 | 225,269 | 5% | | General Motors | 201,237 | 214,915 | –6% | 1,516,950 | 1,476,525 | 3% | | Honda (American) | – | – | –% | – | – | –% | | Acura | – | – | –% | – | – | –% | | Honda Division | – | – | –% | – | – | –% | | Honda (American) | – | – | –% | – | – | –% | | Hyundai Group | 110,095 | 105,065 | 5% | 755,471 | 672,965 | 12% | | Hyundai division | 62,021 | 59,561 | 4% | 418,690 | 382,358 | 10% | | Kia | 48,074 | 45,504 | 6% | 336,781 | 290,607 | 16% | | Hyundai Group | 110,095 | 105,065 | 5% | 755,471 | 672,965 | 12% | | Jaguar Land Rover | – | – | –% | – | – | –% | | Jaguar | – | – | –% | – | – | –% | | Land Rover | – | – | –% | – | – | –% | | Jaguar Land Rover | – | – | –% | – | – | –% | | Maserati | 208 | 199 | 5% | 1,496 | 1,296 | 15% | | Maserati | 208 | 199 | 5% | 1,496 | 1,296 | 15% | | Mazda | – | – | –% | – | – | –% | | Mazda | – | – | –% | – | – | –% | | Mitsubishi | – | – | –% | – | – | –% | | Mitsubishi | – | – | –% | – | – | –% | | Nissan | 98,341 | 84,601 | 16% | 676,062 | 589,574 | 15% | | Infiniti | 11,619 | 7,410 | 57% | 65,996 | 54,678 | 21% | | Nissan Division | 86,722 | 77,191 | 12% | 610,066 | 534,896 | 14% | | Nissan | 98,341 | 84,601 | 16% | 676,062 | 589,574 | 15% | | Porsche | 2,803 | 2,768 | 1% | 19,253 | 18,310 | 5% | | Porsche | 2,803 | 2,768 | 1% | 19,253 | 18,310 | 5% | | Saab Cars North America | – | 384 | –100% | – | 3,855 | –100% | | Saab Cars | – | 384 | –100% | – | 3,855 | –100% | | Subaru | 25,183 | 21,730 | 16% | 189,487 | 153,779 | 23% | | Subaru | 25,183 | 21,730 | 16% | 189,487 | 153,779 | 23% | | Suzuki | – | – | –% | – | – | –% | | Suzuki | – | – | –% | – | – | –% | | Toyota | – | – | –% | – | – | –% | | Lexus | – | – | –% | – | – | –% | | Scion | – | – | –% | – | – | –% | | Toyota division | – | – | –% | – | – | –% | | Toyota/Scion | – | – | –% | – | – | –% | | Toyota | – | – | –% | – | – | –% | | Volkswagen | 48,893 | 38,354 | 28% | 323,853 | 249,231 | 30% | | Audi | 11,707 | 9,146 | 28% | 76,865 | 65,055 | 18% | | Bentley | 172 | 142 | 21% | 1,249 | 985 | 27% | | VW division | 37,014 | 29,066 | 27% | 245,739 | 183,191 | 34% | | Volkswagen | 48,893 | 38,354 | 28% | 323,853 | 249,231 | 30% | | Volvo Cars NA | 5,717 | 5,595 | 2% | 40,333 | 41,898 | –4% | | Volvo Cars NA | 5,717 | 5,595 | 2% | 40,333 | 41,898 | –4% | | Other (estimate) | 278 | 256 | 9% | 1,946 | 1,789 | 9% | | TOTAL | 819,510 | 792,358 | 3% | 5,984,812 | 5,381,082 | 11% | Developing table courtesy Automotive News [sub]
from The Truth About Cars http://www.thetruthaboutcars.com |
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