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Auto Sales Gain at GM and Chrysler; Ford Reports 7.4% Decline

May 2, 2002

United States auto sales continued at a strong clip in April, with sales rising 12.5 percent at No. 1 automaker General Motors Corp. and improving at DaimlerChrysler AG and for several Asian and European auto makers, according to a Wall Street Journal story by Sholnn Freeman. Ford Motor Co.'s U.S. sales slid 7.5 percent.April sales overall rose 2.8 percent to 1,447,086 vehicles, and amounted to a seasonally adjusted annual sales pace of 17.4 million vehicles, up from 16.7 million a year earlier, according to estimates from Autodata Corp.German carmaker BMW AG boosted sales by 15.1 percent on a daily sales rate basis, including sales of its new Mini brand minicars. Sales of Mercedes-Benz brand luxury vehicles rose 7.2 percent on a daily sales rate adjusted basis.Nissan Motor Co. recorded a 14.8 percent sales jump led by double-digit increases in Altima and Maxima passenger cars in April, including a 60 percent jump in sales for its Infiniti luxury brand. Infiniti sales reflected demand for the hot-selling new G35 sedan, which competes in the same price class as the Cadillac CTS.Toyota Motor Corp. said U.S. sales were flat at 127,317, compared with a year earlier at its core Toyota division and rose 2.2 percent at Lexus.At Honda Motor, overall sales increased 1.1 percent in the month.South Korean automaker Hyundai Motor Co.recorded a 13.8 percent sales increase in the month compared with a year earlier.
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