General Motors Company (GM) and Ford Motor Company (F) Have Overcome Expectations for August

According to CNBC‘s Phil LeBeau, companies reported higher than predicted auto sales numbers for August. The sales of General Motors Company (NYSE:GM) dropped by 1.2%, down to 272,423 vehicles, opposed to the estimated fall of 2.5% and Ford Motor Company (NYSE:F)’s August sales picked up 0.4%, up to a total of 222,174 units, versus a decline of 1.3% that was expected.
Ford NYSE F
Ford Motor Company (NYSE:F) enjoyed a very productive month at the end of the summer, providing best August statistics in eight years. In a statement Ford said that: F-Series posted sixth consecutive month with over 60,000 units sold with a total number of 68,109 vehicles, Ford Explorer sales reached a pick of its August sales results since 2004 with 17,748 units sold and Ford Fusion has best month ever, in year-to-date sales best since its launch in 2005 posting 29,452 units sold.

“Both Fusion and Escape set records in August, each continuing on a strong pace toward 2014 being a best-ever sales year,” John Felice was quoted as saying.

Although General Motors Company (NYSE:GM) also outperformed analysts’ opinions, it still has displayed a decline in some numbers. Cadillac sales dropped by 18% to 16,650, Buick slipped 10%, reaching 22,143 cars, but Chevrolet Silverado increased by 13%,  totaling 49,201 vehicles, and GMC Sierra bounced 10% higher, up to 19,847 units sold.  Although the generalized figures for the amounts sold diminished, they did so compared to last year’s highest value, which is an overall optimistic comparison. Further in a press release on the official website, although General Motors Company (NYSE:GM) did not provide any exact predictions regarding the future of the company, they claimed having the best intentions to bring quality products.

General Motors Company (NYSE:GM) currently sells its stock at about $34.5 per share and seemingly tries to catch up with the July highs. Ford Motor Company (NYSE:F) can be bought at about $17.5 and the price fluctuations resemble the former company’s pattern, but show a little less deviation with respect to previous values. We can expect practically anything for the upcoming period in terms of sales and prices for these two companies, but numbers predict quite a prosperous year.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!