GM, Ford, Chrysler Sales Fell Less Than Estimates (Update2)

June 2 (Bloomberg) -- General Motors Corp., Ford Motor Co. and Chrysler LLC posted U.S. May sales that fell less than analysts’ estimates as shoppers returned to showrooms, while Toyota Motor Corp. and Honda Motor Co. did worse than expected.

GM said U.S. deliveries tumbled 30 percent from a year earlier, and Chrysler dropped 47 percent. Ford, the only major U.S. automaker not in bankruptcy, had a 24 percent decline. Toyota City, Japan-based Toyota’s sales plunged 41 percent, and Honda plummeted 42 percent. Nissan Motor Co. fared better than estimates, falling 33 percent.

Analysts expected Detroit-based GM to decline 37 percent, while Ford was projected to be off 29 percent and Chrysler down by 51 percent. Toyota’s drop was estimated to be 40 percent, and Tokyo-based Nissan and Honda were projected to decline 37 percent and 38 percent.

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