Ford Motor Co., the second-biggest U.S. automaker, named a new U.S. sales chief whose challenge will be to maintain a sales lead over Toyota Motor Corp. and its growing willingness to discount cars such as the Camry.
General Motors Co., Honda Motor Co. and Toyota Motor Corp. led automakers reporting U.S. vehicle sales gains for July, extending a resurgence that’s putting the market on course for its best year since 2007.
General Motors Co. and Ford Motor Co., makers of the best-selling big pickups in the U.S., said new-vehicle deliveries in June topped estimates as the industry selling pace accelerated to the fastest in 67 months.
General Motors Co. , Ford Motor Co. and Nissan Motor Co. all reported improved sales in November as demand for pickups and sport-utility vehicles helped the industry match its fastest sales pace of the year.
Automakers led by General Motors Co. and Ford Motor Co. predict demand for cars and trucks, on pace for the best year since 2007, will remain resilient even as the U.S. was unable to avert government spending cuts that took effect yesterday.
Business is booming at Pioneer Natural Resources Co., an oil and gas exploration company, and so is its demand for pickups. Pioneer bought more than 250 new Ford F-Series trucks since August and is ordering 200 more.