Ford and GM Fall, Germany and Japan Gain: July Car Sales

Ford and GM Fall, Germany and Japan Gain: July Car Sales
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After all the automakers reported a solid sales performance in June , July did not produce the same result, with Ford dropping four percent, while GM is reporting a six percent decrease in sales. 

The biggest hit for these two big American automakers was in fleet sales, where Ford lost 16 percent of its sales, and General Motors lost 15 percent.

On the flip side of the sales coin, Chrysler Group, Subaru, Nissan North America, Toyota Motor Sales and the Volkswagen brand are all reporting double digit gains for July of 2012.

Toyota’s increase is particularly big, with a 26 percent gain. Keep in mind however that this time last year many Japanese companies were struggling with a product shortage, which is helping their numbers now seem high.

Chrysler was the only one of the big three to post a boost in sales, climbing 13 percent. That marks the companies 28th consecutive month of sales growth.

Nissan is enjoying a 16 percent gain, boosted by a 51 percent gain by Infiniti, the companies luxury arm.

VW posted a 27 percent gain, and Audi put up a 28 percent increase.

The Hyundai-Kia group did post a gain of 5 percent, but that is actually the smallest jump in the company’s sales since 2010.

On a positive overall note, U.S. light vehicle sales have risen 15 percent this year, and analysts are predicting that overall 2012 sales will crack the 14 million mark.