GM, Ford, Toyota Sales Fall as Gas Prices Discourage Buyers

General Motors Co., Ford Motor Co. and Toyota Motor Corp. reported U.S. sales in May fell, missing analysts’ estimates, as higher gasoline prices and smaller discount offers deterred purchases.

GM deliveries dropped 1.2 percent to 221,192 vehicles, the Detroit-based automaker said today in a statement. The average estimate of three analysts was for a 1.5 percent increase. Ford light-vehicle deliveries fell 2.6 percent to 191,529, compared with five analysts’ average estimate for a 0.5 percent decline. Toyota’s U.S. sales plunged more than analysts’ estimated.