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Major automakers post mixed November U.S. sales results
DECEMBER 1, 2017 / 10:08 AM / UPDATED 2 HOURS AGO
Major automakers post mixed November U.S. sales results
Nick Carey
2 MIN READ
DETROIT (Reuters) - Major automakers posted mixed U.S. November new vehicle sales for November on Friday, with General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) down largely on lower fleet sales, while Ford Motor Co’s (F.N) sales rose.
Automakers are trying to sell down 2017 model year vehicles, offering high discounts to consumers as the year-end nears. Last year the industry hit record annual sales of 17.55 million units and this year analysts expect full-year sales to fall slightly, increasing competition to move vehicles off dealers’ lots.
No. 1 U.S. automaker GM said its sales fell 2.9 percent in November, with sales to consumers flat versus the same month in 2016. Much of the decrease was driven by lower fleet sales to rental agencies, businesses and government agencies.
....
Reporting by Nick Carey; Editing by Susan Thomas
Major automakers post mixed November U.S. sales results
Nick Carey
2 MIN READ
DETROIT (Reuters) - Major automakers posted mixed U.S. November new vehicle sales for November on Friday, with General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) down largely on lower fleet sales, while Ford Motor Co’s (F.N) sales rose.
Automakers are trying to sell down 2017 model year vehicles, offering high discounts to consumers as the year-end nears. Last year the industry hit record annual sales of 17.55 million units and this year analysts expect full-year sales to fall slightly, increasing competition to move vehicles off dealers’ lots.
No. 1 U.S. automaker GM said its sales fell 2.9 percent in November, with sales to consumers flat versus the same month in 2016. Much of the decrease was driven by lower fleet sales to rental agencies, businesses and government agencies.
....
Reporting by Nick Carey; Editing by Susan Thomas
