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Wednesday, June 01, 2016

Weak US auto sales the story so far

One of the best quick readings on US consumers are auto sales data, which are released on the 1st of every month. So far, it's not a great picture, although there are some bright spots.
  • GM sales down 18% compared to -13% estimate
  • Ford sales down 6.1% compared to -4.9% estimate
  • Fiat Chrysler sales up 1.1% compared to -0.7% estimate
  • Mazda US sales down 4.3%
  • Nissan sales rise 13% compared to -1.0% estimate
Shares of Ford and GM are down sharply.
Toyota and Honda are still to come. National numbers will be tallied sometime near the end of US trading.

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