Sales Plummet in June as Automakers Struggle to Adapt to Rapid Market Changes, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) -- Major automakers -- foreign and domestic alike -- experienced major sales declines in June after struggling to keep up with consumers' rapidly changing purchasing habits from SUVs and pickups to more fuel-efficient vehicles. Chrysler posted the biggest loss, followed by Ford (NYSE:F) (Dearborn, Michigan), Toyota (NYSE:TM) (Torrance, California) and General Motors (NYSE:GM) (Detroit, Michigan). However, Honda (NYSE:HMC) (Torrance) posted a modest 1.1% rise in sales primarily because of the fact that its North American production is based on cars rather than trucks and SUVs.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=135080, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

Chrysler Closing St. Louis Plant, Denies Bankruptcy Rumors

KIA Supplier Begins Site Preparation on $30 Million Automotive Stamping Plant in Georgia

India's RPG Group Plans $2.25 Billion Expansion in Carbon Black, Power and Tire Sectors

Add to Digg Bookmark with del.icio.us Add to Newsvine