Ford leads U.S. carmakers beating estimates as leases expire

January Rate

Chrysler forecast a 15.5 million industry sales pace for January in its statement today, including medium- and heavy-duty vehicles, which typically account for at least 200,000 deliveries per year. GM said the January light-vehicle sales rate may be 15.3 million in an e-mailed statement.

Toyota and Tokyo-based Honda, whose captive finance units lead the new-vehicle leasing market, may post the biggest increases in U.S. sales for January. Deliveries probably rose 22% for Toyota City, Japan-based Toyota and 21% for Honda, the average of eight analysts’ estimates.

Ford and Detroit-based GM, the two largest automakers by U.S. sales, both have issued 2013 forecasts calling for the industry to exceed 15 million deliveries.

Nissan Motor Co., which owns a finance unit that closely follows Toyota and Honda in originating leases, probably sold 3.5% more vehicles in January than a year earlier, the average of seven estimates. Nissan is based in Yokohama, Japan.

Analysts estimate that Seoul-based Hyundai Motor Co. and Kia Motors Corp. may combine to sell 7.4% more vehicles in January compared with a year earlier, the average of six estimates. Wolfsburg, Germany-based Volkswagen AG likely boosted deliveries of VW and Audi brand vehicles in January by 20%, the average of four estimates.

Sales for the Volkswagen brand increased 6.7% to 29,018, according to an e-mailed statement.

Bloomberg News

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