Auto Sales Retreat in June as Global Recovery Wavers
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Auto sales for the month of June were released today, showing a sector-wide slowdown from May. Although concerns related to the viability of the US and global economic recovery are now certainly harming results for the Auto group, monthly sales from June 2009.
- General Motors - reported a 10.7% rise in monthly sales, from 174,785 units last year to 194,716 this June.
- Ford (NYSE: F) - sales rose 15.4% if you exclude the sale of Volvo autos. Total US sales came in at 170,900 vehicles. Ford's market share came in at 17% for the month.
- Chrysler - reported a 35% rise in auto sales over the June month.
- Toyota (NYSE: TM) - June sales rose 6.8% to 123,272.
- Nissan (OTC: NSANY) - auto sales jumped 10.8% to 64,570 units last month.
- Honda (NYSE: HMC) - reported a 6.2% rise in auto sales, down slightly from 117,173 in May to 106,627 in June.
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