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Chrysler February sales, while still down sharply, were more than sufficient to beat Honda for the No. 4 rank among the major automakers. They also beat industry analyst estimates by a significant margin. Jesse Toprak of Edmunds.com had predicted a 53 percent shortfall while Brian Johnson of Barclays Capital called for a 55 percent plunge. [...]
American Honda Motor Co., Inc., posted total February vehicle sales of 71,575, down 35.4 percent compared to February 2008, based on the daily selling rate*. Honda Division posted February sales of 63,916, a decline of 34.9 percent versus February 2008. Dick Colliver, executive vice president of sales for American Honda, said, “We hope, as spring [...]
Influential research firm J.D. Powers has released a study showing that Dodge could regain fifth place among preferred automotive brands as U.S. light vehicle sales improve in 2010. Powers looks for Dodge sales to remain stable while those at Nissan, which bumped Dodge from fifth to sixth in 2008, decline. The same study said Chevrolet [...]
January sales won’t be reported until next Tuesday, but Jesse Toprak, Executive Director of Industry Analysis for Edmunds.com, has already made his predictions. Toprak sees a Chrysler sales volume of 71,000 units, down 48 percent for the month as the industry repeats its dismal December performance. A good start to the month, which had encouraged [...]