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IPFS News Link • Business/ Commerce

U.S. Auto Sales: Decimated In Disastrous And Dismal December

• https://www.zerohedge.com, Tyler Durden

This revelation comes as a result of what can only be described as absolutely atrocious auto sales numbers for December, which were reported in scattered fashion, hitting the terminal in the appropriate red color, on Friday throughout the day. 

Fiat Chrysler sales for Q4 fell 2% despite "robust" demand for the company's Ram pickup trucks. GM deliveries fell 6% in the quarter and Toyota saw sales fall 6.1% in December, handily missing estimates for a 0.8% gain. 

And Toyota wasn't the only automaker that missed estimates in grand fashion: Honda was also expected to report a modest gain in sales, but posted an ugly 12% drop in sales for the quarter.

Expectations were lower for Nissan, who was expected to post a drop of 22.1% but missed even those pessimistic expectations by posting a monster 29.5% loss for the quarter.


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