General Motors Co. and Toyota Motor Corp. led five of the six largest automakers in reporting U.S. sales gains in May that trailed estimates as incentive offers failed to draw enough buyers amid slumping job growth.
GM deliveries last month rose 11 percent to 245,256, according to a statement, and Toyota’s sales surged 87 percent to 202,973. The results missed analysts’ estimates for gains of 15 percent by GM and 93 percent by Toyota. Chrysler Group LLC, Honda Motor Co. and Nissan Motor Co. (7201) also lagged estimates.
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