Even with the threat of bankruptcy hanging over the head of the entire automotive industry, GM and Ford saw their May sales fall by a smaller margin than in previous months while their main competitors, Honda and Toyota, fell more significantly. Automotive News reports the figures.
Compared to May 2008, Ford’s sales dropped 25.8% while GM’s sales declined 29%. As bad as those figures sound, they are considerably smaller declines than we’ve seen the last few months, when comparative month-to-month sales were typically down 35-40% each month.
Honda and Toyota, on the other hand, had typically seen their declines in the last few months average around 10% lower than the American automakers. But in May, they both dropped significantly faster than the recent trend, 41.5% and 40.7% respectively.