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

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

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!