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General Motors Company (GM) Sales Up 19.3% & Ford Motor Company (F) Sales Up 1.2% In December

Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) are the two biggest automobile companies in US. But both these companies had a rather below par 2014 performance, with General Motors Company (NYSE:GM) shares dropping by more than 13% in 2014 and Ford Motor Company (NYSE:F) shares dropping by more than 4%. But both these companies had a rather good December, with increase in sales numbers. CNBC’s Phil LeBeau reported the latest sales numbers from December for General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) on CNBC.

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LeBeau reported that General Motors Company (NYSE:GM) reported a sales increase by a whopping 19.3% in December. He added that Ford Motor Company (NYSE:F) has reported a sales increase of 1.2% in December.

“We expected a big December and that’s what we got from General Motors reporting sales last month increasing 19.3% well ahead of estimates of an increase of 13.9%. As for Ford, reported its best December sales since 2005, an increase of 1.2%, a little below what the street was expecting. It was expecting an increase of just over 3%. So there you have it, Ford up 1.2% and General Motors with a huge month, sales increasing 19.3%,” LeBeau reported.

LeBeau added that the street estimate for General Motors Company (NYSE:GM) for the sales growth in December was just 13.9%, but the company could beat that hands down with a massive growth of 19.3%.

He mentioned that Ford Motor Company (NYSE:F) had its best December sales growth since 2005, with a growth of 1.2%, but he said that this growth was below the streets estimate of just above 3% growth in sales for December.

Holiday season proved to be great for General Motors Company (NYSE:GM), but not as good as expected for Ford Motor Company (NYSE:F). What to expect from these automobile giants in 2015 is still to be seen?

Disclosure: None

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