This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ford Sales Flat; GM Sales Rise 1.5% (Update 1)

Stocks in this article: F GM TM

Updated with GM and Toyota results and Ford call details.

DETROIT -- ( TheStreet) -- Ford (F) said its September sales were even with last year, while GM (GM) sales rose 1.5% and Toyota (TM) sales rose 41.5%.

On the Ford sales call, analyst Eric Merkle said overall industry sales are on track to rise about 12% in September, one more sign that the auto industry remains a bright spot in the economy.

Ford was hurt by a 37% decline in sales of the Fusion, its best-selling car, as it cleared out 2012 Fusions in advance of the arrival of the eagerly awaited 2013 model. Fusion sales totaled 12,300.

"We're right on plan as our Fusions sell down and it gets to the bottom of the inventory," said Ken Czubay, vice president for U.S. marketing, sales and service on the sales call. "It was inventory depletion on the 12s and inventory buildup on the 13s. We anticipate (Fusion) to take off in the first 10 days of this month."

GM said its September sales total of 210,245 vehicles marked the best September total since 2008. New products helped drive a 29% increase in passenger car sales, the automaker said. Cruze sales rose 42.5% to 25,787. Volt sales rose 294% to 2,851. The new Cadillac XTS sold 2,506 units.

"Passenger cars have been the launch point for a broad and deep GM product offensive," said Kurt McNeil, vice president of U.S. sales operations, in a prepared statement. "Auto sales will continue to be a bright spot for the U.S. economy, which is particularly good news for GM as we walk into an even stronger cadence of new products in 2013 and 2014."

Ford said it sold 174,976 vehicles in September, unchanged from a year ago. Retail sales rose 4%. Small-car sales totaled 24,628, up 73% from a year earlier. Sales of the F-Series, the best-selling U.S. vehicle, rose 1% to 55,077, the best September for F-Series since 2007 and the 14th consecutive month of sales gains for the F-Series. Escape sales rose 14.5% to 23,148. Lincoln sales fell 3.1% to 6,802.

Chrysler said sales rose 12% to 142,041, its best September sales total since 2007. The Chrysler, Jeep, Dodge, Ram Truck and Fiat brands all posted year-over-year sales gains in September. Sales of the Ram pickup truck, the best-selling Chrysler vehicle, rose 6% to 25,973. Dodge sales rose 18% to 47,356, with sales of the new Dart totaling 5,235 while Charger sales fell 14% to 5,863.

"Going forward with our current product line-up, record low interest rates and a stable U.S. economy, we remain optimistic about the health of the U.S. new vehicle sales industry and our position in it," said Reid Bigland, head of U.S. sales and Dodge brand CEO, in a prepared statement.

Volkswagen said its sales rose 34% to 36,663, its best September since 1972. Toyota will report its sales breakdown later in the day.

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,062.80 +32.59 0.18%
S&P 500 2,091.31 +9.43 0.45%
NASDAQ 4,813.2030 +39.7310 0.83%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs