Ford-Chrysler U.S. sales increases build on market share gains

Yen Weakening

The yen has weakened about 18% against the dollar since Oct. 31, the most among major currencies, after Prime Minister Shinzo Abe advocated for a decline to aid his country’s economy. Morgan Stanley has estimated the currency boost will give Japanese automakers an advantage of about $1,500 per car, while U.S. carmakers have put the figure at $5,700 per vehicle.

Honda and Toyota sales may have risen 7.3% and 3.1% in April, respectively, the average estimate of eight analysts.

Hyundai Motor Co. and Kia Motors Corp. are losing some of the gains they made in the U.S. during the past two decades. The two Seoul-based affiliates, which report sales separately, lost 0.2 and 0.6 percentage points of market share respectively through the first three months, according to Autodata.

Combined sales for the two companies probably slipped 2.4% in April, the average of seven estimates. Deliveries for the Hyundai brand rose 1.7% to 63,315, the company said in a posting on Twitter.

Volkswagen AG, based in Wolfsburg, Germany, may post a 3.3% gain in combined sales for its Volkswagen and Audi brands in April, the average of four estimates. Volkswagen brand deliveries declined 10% to 33,644, according to an e- mailed statement.

Bloomberg News

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