［Yahoo］The U.S. automotive scene changed little in May： General Motors Corp. and Ford Motor Co. again reported decreased demand for their vehicles， particularly trucks and SUVs， while Chrysler Group and Asian brands generally posted positive results.
To make matters worse for GM and Ford — and their suppliers — both automakers said Wednesday they plan to cut third-quarter production because of sluggish business. The cuts are sure to hurt the companies' bottom lines. George Pipas， Ford's top sales analyst， said May was a weak month for the industry， especially compared to last year. The seasonally adjusted annual sales rate for May was 16.6 million vehicles， down from 17.7 million last May. The rate indicates what sales would be for the full year if they remained at the same pace for all 12 months. Full-year sales for 2004 were about 17 million.
“The consumer appears to have taken a little pause，” Pipas said. “The Memorial Day weekend was pretty strong， but it didn't outdo the month-end reporting of a year ago.” GM and Ford， the nation's two biggest automakers， saw sales slip again in May as customers continued to turn away from their sport utility vehicles and trucks in favor of models from Asian competitors. The traditional Big Three automakers saw truck sales slip 4.4 percent in May， while Asian automakers saw comparable sales rise 6.9 percent.
There were some bright spots for domestic automakers. DaimlerChrysler AG's Chrysler Group said car sales rose 13 percent and truck sales were up 3 percent for the month. The Chrysler 300 sedan and the Chrysler Town and Country minivan helped the Chrysler brand set an all-time monthly sales record， the company said.
Ford's Mustang coupe had its highest May sales since 1980， up 47 percent from last May. But that blistering pace will likely subside in June， Pipas said， because the company can't keep up with demand. GM's Cadillac division also enjoyed its best sales month in 12 years.The news for Asian automakers was generally good， though results were lower than the double-digit increases some companies saw in April. Toyota Motor Corp.‘s sales rose 7.8 percent last month， dragged down a bit by flat truck sales. Overall sales for the automaker are up 11.9 percent for the year.
Korean automaker Hyundai Motor Co.'s truck sales are up 23 percent for the year thanks to its new Tucson SUV， which had a record sales month in May. Hyundai's sales gained 8.5 percent for the month and 12.5 percent for the year.Nissan Motor Co.'s truck sales are up 27 percent for the year， led by the Armada SUV. Nissan‘s sales jumped 15.5 percent in May and are up 15.8 percent for the year.