GM, Ford Sales Trail Estimates as Consumers Stay Home

General Motors Co. and Ford Motor Co., the two largest U.S. automakers, reported June sales that fell short of analysts’ estimates as consumers concerned about unemployment and the economy avoided large purchases.

GM’s U.S. sales gained 11 percent, trailing the 16 percent average estimate of six analysts surveyed by Bloomberg. Ford’s deliveries rose 13 percent, less than the analysts’ 16 percent average projection. Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. also fell short of forecasts.