The Big Three Automakers All Beat Sales Estimates for May
GM and Fiat Chrysler have their best May in years
Why Americans Are Buying More Trucks Than Cars
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General Motors Co. and Fiat Chrysler reported bigger sales increases than analysts had anticipated as Memorial Day promotions drew Americans to dealerships, signaling that the U.S. economy is gathering momentum after the winter doldrums.
Fiat Chrysler Automobiles NV said U.S. sales last month rose 4 percent from a year earlier for its best May in a decade, GM’s gained 3 percent and Ford Motor Co.’s slipped 1.3 percent, a smaller decline than analysts projected. Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. also posted better-than-expected results.