Sales of automobile companies Ford Motor, Chrysler Group LLC and Nissan Motor of the United States reported a decline in September was canceled after the program for the purchase of old cars by the government, known as “money for old cars” (cash for clunkers). The decline in sales of Ford was 5.1%, which was more than economists’ expectations and represented the first monthly drop in two months of growth. For its part, Chrysler reported that sales for U.S. consumers fell by 42 percent, while those of Nissan decreased by 7 percent. The The US carbuilder General Motors has not yet published data on its sales last month, but the market expected to fall by 44 per cent. Economists expect sales of Toyota to decrease by 9,7 percent, while those of Honda to fall by 13%. Contraction of the automotive market is fully expected – it became a reality after the previous two months sales of automobile manufacturers were supported by the U.S. the government program for the purchase of old cars to their owners to buy new and more efficient vehicles.
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The Japanese automaker said that Toyot prediction to increase its car sales for the financial year 2009-2010, which ends on 31 March next year. New estimates show that the largest automobile company in the world will sell 3% more cars compared to the previous forecast, with total expected to reach 6.7 million cars. This agency writes Reuters referring to the daily Tokyo Shimbun. In addition to sales and production were high expectations. They were revised by the big 8 percent increase to 6.45 million cars due to the impact of government programs implemented in many countries. The agency officials reported that it found the company did not comment on. Toyota, which last year announced its first loss in 1937, announced that sales in August and increased by 9 percent annually.
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The sales of existing homes in the U.S. are up by 7.2 percent in July compared to June to 5.24 million the number of average annual basis. Forecasts of analysts was for a rise to 5 million transactions. In June the annual rate was 4.89 millions. Annual increase is 5 percent. These are the highest levels of sales of existing homes in nearly two years now (since August 2007.) In view of the cheap prices and a series of government incentive programs (tax credits for first home purchase, etc.). 31% of total sales of residential mortgages in late July in the U.S. are. The median price of existing homes in the U.S. in July is 178 400 dollar, which fell by 15.1 percent on an annual basis.
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The Sales of automobile company Ford Motor Co. increased by 2.3% in the U.S., which is the first growth from November 2007, Reuters transmitted from Detroit. This was possible thanks to the government’s program for upgrading cars. Due to its rapid depletion it was stopped. Account number is 165 279 sales in July brands all of Ford. For the same period in 2008 they were 161 530 units. Growth of 1.6% reported basic models and Lincoln Mercury, 158 to 838 pieces. Brenda Sales of Volvo, which the U.S. is owned by Ford, have increased by 25.7% to 6 441 units. Ford is the only American automobile manufacturer, which went through the procedure of bankruptcy to reorganize operations and has not received government funding.
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The American company Procter & Gamble has achieved higher than expected result in the last quarter of 2009. Leading role it had played for promotional discounts and increased advertising, which have attracted consumers. In the message to the report says that the company expects sales growth this year. The forecast was for profit within 4,02-4,12 dollars per share for the fiscal year ending June 30. Achieved by Procter & Gamble profit for the last three months of last year was 4.66 billion dollars or 1.49 dollars per share. This is less than the realized year-earlier profit of 5 billion dollars or 1.58 dollars per share. Preliminary expectations of analysts was for earnings of 1.42 dollars per share.
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