Ford Motor Co, bolstered by heavy sales to fleet customers, surpassed General Motors Co in U.S. new vehicle sales in May, according to figures reported early Thursday.
Ford said May sales rose 2.2 percent from a year ago to 241,126 units. GM sales dropped 1.3 percent to 237,364.
GM said it had been trimming sales of heavily discounted vehicles to car rental companies. Such fleet sales made up about 19 percent of its total sales in May.
Ford’s fleet sales rose 8.4 percent, representing more than 34 percent of total sales. The industry average is around 20 percent.
Analysts had expected mixed results for the industry, with sales likely propped up by heavy discounts.
Fiat Chrysler Automobiles said May sales dipped 0.9 percent to 193,040. Toyota Motor Co’s U.S. sales dropped 3.2 percent to 156,865. Nissan Motor Co said U.S. sales in May rose 3.0 percent, to 137,471.