*you can get anyone to co-sign your bullshit, jusy hire analysts to say, "less worse" than we expected, so it must be good right? This ain't SMUCKERS people....
Ford, Nissan Post U.S. Sales Declines Smaller Than Estimates By Mike Ramsey and Alex Ortolani
June 2 (Bloomberg) -- Ford Motor Co., the only major domestic automaker to avoid bankruptcy, and Nissan Motor Co. reported U.S. sales for May that fell less than analysts’ estimates.
Ford deliveries including the Volvo brand slid to 161,531 vehicles, the Dearborn, Michigan-based company said in a statement today. Nissan, Japan’s third-largest automaker, said sales dropped 33 percent to 67,489.
The results for Ford and Nissan led off industry sales reports for May, a month shadowed by the recession, Chrysler LLC’s Chapter 11 filing on April 30 and General Motors Corp.’s countdown to its request for court protection yesterday.
“The American public is now paying attention to Ford,” said John Wolkonowicz, an analyst at IHS Global Insight Inc. in Lexington, Massachusetts. “People want a hero in all this, and Ford is becoming that hero. It’s the American company that made it.”
Analysts expected Ford to say sales fell 29 percent, the average of 5 estimates in a Bloomberg survey. Nissan’s decline was projected to be 37 percent, based on 3 estimates.
and here...
From MarketWatch: Ford U.S. May sales fall 24.2%
Ford Motor Co. said Tuesday that total U.S. May sales fell 24.2% to 161,531 vehicles from 213,238 a year ago. ... Ford said it will increase North American production by 10,000 vehicles to 445,000 in the second quarter, and by 42,000 vehicles to 460,000 vehicles in the third quarter
Note: This is year-over-year (May 2009 vs. May 2008)
Previous months:
Ford April U.S. vehicle sales off 31.3%
Ford U.S. March sales dropped 40.9%
February Ford sales were off 46.3% YoY
January off 42.1%
December off 32.4%
November off 31%
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