Toyota, Honda May Sales Gain as Industry Trails Estimates

http://www.bloomberg.com/news/2012-06-01/chrysler-vehicle-sales-rise-30-in-may-miss-estimates.html

Toyota Motor Corp. (7203) and Honda (7267) Motor Co. led five of the six largest automakers in reporting U.S. sales gains in May that trailed estimates as slumping job growth limited their rebound from last year’s earthquake and tsunami.

Toyota deliveries last month surged 87 percent to 202,973 and Honda sales climbed 48 percent to 133,997, according to company statements. The Japan-based automakers, rebounding from the natural disasters that curtailed production and slashed inventories, missed analysts’ estimates for gains of 93 percent and 53 percent, respectively. General Motors Co. (GM), Chrysler Group LLC and Nissan Motor Co. sales also trailed estimates.