Shares Of The Big 3 Fall Amid December Auto Sales Reports
Auto manufacturers on Monday announced December sales.
Here is a recap of major U.S. manufacturers sales data:
General Motors Company (NYSE: GM) reported its U.S. auto sales rose 19.3 percent from a year ago in December, topping analysts expectations of 13 percent growth. Dealers in the U.S. delivered 274,483 vehicles, marking the company's best December in seven years.
Shares were down 2 percent at $34.13.
Ford Motor Company (NYSE: F) reported its December U.S. auto sales rose 1 percent from a year ago throughout December, falling short of the 3 percent analysts were expecting. Despite the worse-than-expected results, delivery of 220,671 vehicles marked the company's best December since 2005.
Shares were down 3.9 percent at $14.76.
Fiat Chrysler Automobiles NV (NYSE: FCAU) reported its December U.S. auto sales rose 20 percent from a year ago but fell short of the 23 percent growth analysts were expecting. The company sold 193,261 vehicles in the month, marking the company's 57th consecutive month of year-over-year sales gains, and its best December in a decade.
Shares were down 4 percent at $11.21.
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