Cash for Clunkers: Winners and Losers

[Professor S]

WINNERS

Sept. 1 (Bloomberg) -- Ford Motor Co. said August U.S. auto sales rose 17 percent, the automaker’s second straight gain, as the federal government’s “cash for clunkers” rebates probably pushed deliveries to the highest rate since April 2008.

Ford’s total including the Volvo brand climbed to 182,149 cars and trucks from 155,690 a year earlier, the Dearborn, Michigan-based company said in a statement today. The increase was smaller than analysts’ estimates.

Toyota Motor Corp. will say sales climbed 8.9 percent, and Honda Motor Co. will report a 3.2 percent gain, based on adjusted estimates from 4 analysts. Those would be the automakers’ first increases this year.

LOSERS

Chrysler Group LLC will say sales fell 15 percent as inventory ran low, said a person familiar with the results who asked not to be identified because the figures haven’t been released.

General Motors Co.’s sales probably fell 16 percent, according to 8 analysts’ adjusted estimates. Nissan Motor Co. slid 8.8 percent, according to four analysts.

Source: http://www.bloomberg.com/apps/news?p...d=aL64iMpt6dks