P.M. Briefing : Incentives Credited as Big Three Car, Light Truck Sales Post Gains
The Big Three auto makers reported sales of cars and light trucks rose 2.3% and 2.2% respectively in mid-May compared with the same period last year.
Sales during the latest mid-May period were helped by incentives programs by General Motors Corp., Ford Motor Co. and Chrysler Corp. The Big Three’s incentive plans expired just as the mid-May period began a year ago.
The companies said they sold cars and trucks at an average daily rate of 37,126 during the May 11-20 period this year, compared with an average daily rate of 36,299 during the same time last year.
Car sales rose 2.3% and sales of light trucks were up 2.2%.
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