Automakers See May Sales Slump

Executives hold hope for revival of battered industry

fordfusion

Sales of the Ford Fusion rose 9.4% despite an overall drop in sales for the company. (Source: Ford)

Ford Motor Co.

Ford  sales fell 24% in May from the same period last year, but sales rose 20% from April as the Michigan-based automaker continues to gain market share from its U.S. competitors, General Motors Co. and Chrysler L.L.C., who are now under bankruptcy protection.

The only major U.S. auto company without bankruptcy woes, Ford sold 161,197 cars and light trucks, with sales of the Ford Fusion rising 9.4%.

“Consideration for our new products is increasing,” said Ken Czubay, vice president of sales and marketing at Ford. “Even as the competitive environment intensifies, Ford’s relentless pursuit of quality, fuel efficiency, smart technology and appealing designs is winning new customers.”

Sales for its Ford, Lincoln, and Mercury brands dropped 24% to 155,954 vehicles in May compared with last year.

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