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GM and Fiat Chrysler Shift Up a Gear, Topping Strong Auto Sales

June 20, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. car sales have shifted up another gear as auto makers report the best two months of sales in the last 15 years. Trucks and SUVs continued to drive profits as customers take advantage of cheap gas prices and low interest rates. Fiat Chrysler (FCAU) and General Motors (GM) topped analyst estimates with annual selling rates of over 18 million vehicles while Ford (F) and Honda (HMC) fell slightly short of expectations. Following its emissions scandal, Volkswagen (VW) was the only major automaker that didn’t report October sales increases. GM led the way with a 16 percent sales jump, followed by Fiat Chrysler which saw its sales up 15 percent. Analysts are now predicting that U.S.. auto sales will be up 12 percent year over year, expecting sales of roughly 1.43 million vehicles for 2015.

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