GM and Chrysler Car Sales Continue to Grow

Chrysler Group LLC announced their 19th straight month of year-over-year gains today. Though General Motors Co. (NYSE:GM) who didn’t show as much improvement reported a 1.9% gain to 186,895 vehicles, lead by Chevrolet Equinox, Camaro and Cruze. The Chevrolet Volt shipped 1,100 units making for its best month yet. Of GM’s four brands, Chevrolet was the only post improvements from a year earlier. Cadillac sales fell almost 12%.

Chrysler, sales jumped 27% to 114,512 vehicles with its namesake brand posting the highest percentage increases posting its best October showing since 2007. With the help of sales of the new compact SUV Compass and the Wrangler, the Jeep brand also fared well.

According to former GM (NYSE:GM) sales analyst and current Nationwide economist Paul Ballew said, “The combination of slightly higher incentives, improving inventory levels and pent-up demand should push the selling rate for the month above 13 million units. We expect sales to be slightly stronger than some estimates as the industry gets back to a more normal footing with inventories and incentives recovering.”

Here’s how the big auto stocks are trading now:

  • General Motors Corporation (NYSE:GM): The shares recently traded at $23.98, down $1.87, or 7.23%. Its market capitalization is $37.45 billion. They have traded in a 52-week range of $23.90 to $39.48. Volume today was 11,022,749 shares versus a 3-month average volume of 15,760,800 shares. The company’s trailing P/E is 5.05, while trailing earnings are $4.75 per share. About the company: General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide.
  • Ford Motor Co. (NYSE:F): The shares recently traded at $11.13, down $0.55, or 4.71%. Its market capitalization is $42.27 billion. They have traded in a 52-week range of $9.05 to $18.97. Volume today was 38,982,994 shares versus a 3-month average volume of 75,942,700 shares. The company’s trailing P/E is 6.41, while trailing earnings are $1.74 per share. About the company: Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.
  • Toyota Motor Corp. (NYSE:TM): The shares recently traded at $65.46, down $1.25, or 1.87%. Its market capitalization is $102.63 billion. They have traded in a 52-week range of $65.20 to $93.90. Volume today was 298,169 shares versus a 3-month average volume of 595,573 shares. The company’s trailing P/E is 35.58, while trailing earnings are $1.84 per share. About the company: TOYOTA MOTOR CORPORATION manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems.
  • Honda Motor Co., Ltd. (NYSE:HMC): The shares recently traded at $30.20, up $0.3, or 1%. Its market capitalization is $27.21 billion. They have traded in a 52-week range of $28.33 to $44.56. Volume today was 430,085 shares versus a 3-month average volume of 1,032,060 shares. The company’s trailing P/E is 7.04, while trailing earnings are $4.29 per share. The company pays a dividend of $0.71 per share for a dividend yield of 2.20%. About the company: HONDA MOTOR CO., LTD. develops, manufactures, and distributes motorcycles, automobiles, and power products such as generators and farm machinery. The Company also operates a financial credit business. Honda Motor has manufacturing facilities in the US, Canada, the UK, France, Italy, Spain, Brazil, Mexico, India, and Thailand.

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