By RTT News, October 01, 2013, 02:16:00 PM EDT
(RTTNews.com) - Major automakers on Wednesday reported some mixed U.S. vehicle sales for September, in a month marked by somewhat of a soft consumer demand and fewer holidays.
While General Motors Co. ( GM ) said its U.S. sales in September dropped 11 percent on sluggish demand for pickups and crossovers, Ford Motor Co. ( F ) managed to churn out a 6 percent growth as consumers bought more of its cars and trucks.
Chrysler Group LLC, majority-owned by Italian automaker Fiat S.p.A. (FIATY.PK), said its U.S. sales in September edged up 1 percent, while Japanese automaker Toyota Motor Corp. ( TM ) posted a 4.3 percent decline.
The results comes as the auto industry weighs the impact of the government shutdown on consumer demand, while the prior months had gained from a better economy and a reviving housing market.
GM, the largest U.S. automaker, said its U.S. vehicle sales for September 2013 declined to 187,195 units from 210,245 units last year.
There were 23 selling days in September 2013, compared with 25 days last year.
GM retail sales slid 6 percent and fleet sales plunged 27 percent.
Among GM brands, Chevrolet sales tumbled 14.7 percent and GMC sales slid 9.7 percent. Cadillac sales meanwhile gained about 10 percent and Buick rose 6.5 percent.
"We expect a strong finish to the year and more growth in 2014 thanks to new products and a healthier economy," said Kurt McNeil, vice president, U.S. sales operations.
GM is hoping to benefit from its new products such as the Chevrolet Impala, Buick Encore, GMC Sierra and the Cadillac ATS and XTS.
Dearborn, Michigan-based Ford, said U.S. sales in September rose 5.8 percent to 185,146 units from 174,976 units last year - its best September sales since 2006.
Sales of Ford brand vehicles increased 6.3 percent to 178,693 units, while Lincoln brand slid about 5 percent to 6,453 units from a year ago.
Ford passenger car sales rose 13.9 percent in September, and truck sales grew 8.3 percent. Meanwhile, Ford utility vehicle sales declined 3.2 percent.
Ford brand sales were led by small cars, with sales of fuel-efficient small car Ford Fusion surging 62.4 percent, Fiesta sales up 28.5 percent and C-MAX sales more than doubling.
Among the utility vehicles, Ford Explorer sales grew 1.5 percent, Ford Flex sales rose 9.4 percent and Ford Expedition sales edged up 0.7 from last year. Meanwhile, Ford Escape saw a 2.3 percent decline in sales, and Ford Edge sales dropped 20.6 percent.
Sales of Ford's F-Series truck, America's best-selling truck for 36 years in a row and America's best-selling vehicle, car or truck, for 31 straight years, rose 9.8 percent to 60,456 units.
Chrysler, based in Auburn Hills, Michigan, said its U.S. sales in September rose 1 percent to 143,017 units, its best performance for this month since 2007. The growth was attributable to Chrysler, Dodge, and Ram Truck brands, while Jeep and Fiat brand sales slackened.
Among Japanese automakers, Toyota said its U.S. sales in September fell 4.3 percent to 164,457 units, and Nissan sales declined 5.5 percent to 86,868 units.
Volkswagen of America Inc., a unit of Volkswagen AG (VOW.BE, VLKAF.PK, VKW.L) said its U.S. sales in September fell 12 percent.
Shares of General Motors are trading at $35.92, down $0.06 or 0.15%, on a volume of 13.5 million shares on the NYSE.
Ford is trading at $17.30, up $0.43 or 2.55%, on a volume of 24.5 million shares.
Fiat is trading at $8.33, up $0.31 or 3.87%. In Italy, the stock closed at 6.15 euros, up 0.26 euros or 4.41%, on a volume of 13 million shares.
For comments and feedback: contact firstname.lastname@example.org