Major automakers on Monday posted higher U.S. new vehicle sales for May, the fir...
- Major automakers on Monday posted higher U.S. new vehicle sales for May, the first increase for 2019 as a strong economy and upbeat consumer sentiment fueled demand.
Fiat Chrysler Automobiles NV,, Toyota Motor Corp and Nissan Motor Co Ltd all posted sales gains for May compared with the same month in 2018. Concerns of a downturn have been further heightened by recent threats from U.S. President Donald Trump that he will impose new tariffs on all Mexican imports. FCA and General Motors Co have both launched redesigned pickup trucks. Ford Motor Co has for decades built the single best-selling truck brand in its F-Series trucks, with the Chevy brand a solid No. 2 and Ram a distant third. But in the first quarter of this year, Ram brand trucks outsold Chevrolet-brand trucks.Japanese automaker Toyota posted a 3.2% sales increase, boosted by strong demand for its Camry sedans.
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