Ford to Chrysler Pickup Surge Paces U.S. Auto Sales Gains in May
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Ford Motor Co. and Chrysler Group LLC reported U.S. sales gains that exceeded analysts’ estimates as surging demand for F-Series and Ram pickups pace the industry’s best year since 2007.
Deliveries of cars and light trucks climbed 14 percent for Ford and 11 percent for Chrysler, according to company statements. Nissan Motor Co. sales rose 25 percent, also beating analysts’ estimates. General Motors Co. deliveries increased 3.1 percent, Toyota Motor Corp.’s gained 2.5 percent and Honda Motor Co. rose 4.5 percent, all less than analysts had estimated.