Skip to main content

Market Overview

Shares Of The Big 3 Fall Amid December Auto Sales Reports

Share:

Auto manufacturers on Monday announced December sales.

Here is a recap of major U.S. manufacturers sales data:

General Motors Company (NYSE: GM) reported its U.S. auto sales rose 19.3 percent from a year ago in December, topping analysts expectations of 13 percent growth. Dealers in the U.S. delivered 274,483 vehicles, marking the company's best December in seven years.

Shares were down 2 percent at $34.13.

Ford Motor Company (NYSE: F) reported its December U.S. auto sales rose 1 percent from a year ago throughout December, falling short of the 3 percent analysts were expecting. Despite the worse-than-expected results, delivery of 220,671 vehicles marked the company's best December since 2005.

Shares were down 3.9 percent at $14.76.

Fiat Chrysler Automobiles NV (NYSE: FCAU) reported its December U.S. auto sales rose 20 percent from a year ago but fell short of the 23 percent growth analysts were expecting. The company sold 193,261 vehicles in the month, marking the company's 57th consecutive month of year-over-year sales gains, and its best December in a decade.

Shares were down 4 percent at $11.21.

 

Related Articles (F)

View Comments and Join the Discussion!

Posted-In: auto manufacturers auto salesNews Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com