SOURCE: Five Star Equities

Five Star Equities

June 06, 2012 08:20 ET

Auto Industry Post Impressive Sales Numbers in May

Five Star Equities Provides Stock Research on Toyota and Honda

NEW YORK, NY--(Marketwire - Jun 6, 2012) - Domestic auto sales have been on an impressive run in 2012 as an improving U.S. economy, and high gas prices have boosted the demand for new and more fuel efficient vehicles. Despite growing global economic concerns the top U.S. auto manufacturers posted double-digit sales growth in May. Five Star Equities examines the outlook for companies in the Auto Manufacturers Industry and provides equity research on Toyota Motor Corporation (NYSE: TM) and Honda Motor Co. Ltd. (NYSE: HMC).

Access to the full company reports can be found at:

www.FiveStarEquities.com/TM

www.FiveStarEquities.com/HMC

Auto sales "were slightly below expectations [industry-wide], but despite all the negative macroeconomic trends, we actually did pretty well," said Jesse Toprak, vice president of market intelligence at TrueCar.com. "We are still up dramatically from last year and the underlying consumer demand is strong."

GM saw their highest monthly total in almost three years as sales of new cars and trucks in the U.S. jumped 11 percent to total 245,256 vehicles. The Chrysler Group LLC posted their best May in five years as U.S. sales surged 30 percent to 150,041 vehicles.

Five Star Equities releases regular market updates on the Auto Manufacturers Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Toyota's monthly sales saw 87.3 percent increases to total 202,973. "Toyota, as expected, posted a stunning year-over-year percentage increase; remember where Toyota was a year ago, however, largely without much product to sell because of the earthquake and tsunami," said Michelle Krebs, senior analyst at Edmunds.com. "Ford held the No. 2 sales spot over Toyota, a position that looked to be at risk."

Honda Motor Co. recently announced that it has begun construction on a new auto plant in Indonesia. With annual production capacity of 120,000 units, the new auto plant is scheduled to begin production in 2014 in order to continue meeting demands in the rapidly growing automobile market in Indonesia.

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