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New Car Sales Expected to Flatten in June

Makers selling fewer cars, but making more on each sale.

by on Jun.27, 2016

New car sales are expected to flatten out in June, but makers are earning more on each sale.

With retail sales showing signs of faltering, new vehicle sales are expected to flatten out in June.

New-vehicle retail sales in June are expected to drop 0.5% from a year ago on a selling-day adjusted basis, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive.

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Mike Manley, president and CEO of the Jeep brand, said sales so far in June remain healthy, but the year-over-year comparisons have come becoming more difficult to match or surpass. (more…)

Luxury Brands Cruise to Strong Sales in June

SUVs, crossovers push makers to big results.

by on Jul.01, 2015

BMW's SAVs posted a 75.3% increase in June offsetting a 12.9% drop in car sales.

Improvements in consumer sentiment, low interest rates and the steady growth in the sales of truck and utility vehicles, including those sold by luxury brands, helped set the torrid pace for sales in June, which boosted the seasonally adjusted annual rate of sales or SAAR past 17 million units.

Luxury brands performed well last month, led by BMW reporting a 6.5% increase, including a 75.3% increase in sales in utility vehicles that helped offset a 12.9% drop in sales of BMW’s vaunted passenger cars.

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The same pattern prevailed at Mercedes-Benz, which posted record sales in the first half of the year after a 5.8% increase in June with strong sales of the C- and E-Class models. As a whole, first-half sales of Mercedes-Benz passenger cars totaled 101,212, increasing 3.5% from the same period in 2014. (more…)

Pickups Lose Momentum in June, While Plug-Based Vehicles Charge Ahead

June’s winners and some losers.

by on Jul.02, 2014

Ford's F-150 - the new Tremor model shown here - lost momentum but remained #1.

The U.S. auto market showed some unexpected energy in June, but a closer look reveals some surprises behind the numbers.

Pickups have given the market much of its momentum in recent months, but the long-time industry leading Ford F-Series slumped an unexpected 11% for the month – while still leaving a big gap between itself and second-place Chevrolet Silverado. The Ram pickup gained nearly 12% for June, but couldn’t quite overcome the third-place Toyota Camry, which was up 13.4%.

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The market saw a jump in demand for small and high-mileage offerings. The Toyota Prius, for example, was 17th on the June list, while the maker also landed in the seventh spot with its latest-generation Corolla compact.

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June Car Sales Exceed Expectations

Sales strong for small cars as well as pickups.

by on Jul.02, 2013

Resurgent demand for pickups helped boost June sales.

With brisk sales of pickup pick-up trucks leading the way, Detroit’s Big Three makers reported their strongest sales since the beginning of the industry’s slump, while Hyundai came in with an all-time record despite pushing the limits of its production capacity.

But while most of the other major makers set to report today are expected to show stronger-than-expected results for June, not everyone had a good month. After posting its best numbers in decades, Volkswagen of America sales continued to cool in June.

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June’s strong performance defies some skeptics worried about a slowing of the economy, especially in the wake of the month’s poor stock market performance.  But Reid Bigland, Chrysler Group LLC’s U.S. sales chief said, “I think the fundamentals for continued growth in the new vehicle sales industry remain intact.”

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Car Sales Deliver an Upside Surprise

Industry defies a weak economy.

by on Jul.03, 2012

Sales of products like the new Prius C drove Toyota to a more than 60% sales jump in June.

Jobs may still be scarce and Europe’s economic uncertainties may be threatening to drag the U.S. economy down again but you’d be hard-pressed to tell based on the unexpectedly strong performance of the U.S. auto market in June.

Japanese manufacturers reported strong double-digit gains, driven in part by comparison against last year’s disastrous June numbers – which reflected shortages caused by Japan’s March earthquake and tsunami.  But U.S. makers also saw a surge in demand that resulted in some of the best sales Detroit manufacturers have seen in years.

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Chrysler Group LLC and General Motors Co. both posted double-digit sales increases during June despite widespread economic uncertainty, while Ford Motor Co. finished the month with a modest single-digit increase.

Overall, the June numbers reflect an uptick in the Seasonally Adjusted Annual Rate, or SAAR, to more than 14 million — up from the 13.7 million SAAR posted for May, automakers said.

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June Car Sales Likely to See Double-Digit Gains

Hybrid and EV demand slips as fuel prices fall.

by on Jun.25, 2012

While overall car sales are strong for June, falling fuel prices have hurt demand for hybrids and electric vehicles like the Nissan Leaf.

Once again, the U.S. auto industry appears to be in the driver’s seat when it comes to an otherwise-anemic American economy.  Sales of new vehicles are looking likely to post double-digit gains over June 2011 numbers, according to industry analysts, straining industry production capacity.

Several automakers, including Ford and Hyundai, warn that demand is outstripping supply and that they might see lower market share because of factory bottlenecks.

J.D. Power and Associates and LMC Automotive of Troy estimate June’s new vehicles sales are up 15% compared to June of 2011. June’s new-vehicle sales rate is approaching a 12 million-unit pace on the retail side alone, the strongest level since February, according to a monthly sales forecast by the consulting partners.

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Overall, the market appears to be on an annualized sales pace approaching 14.5 million including fleet sales, according to various analysts.  But the market appears to be shifting away from the high-mileage and alternative-power vehicles that gained traction last spring.

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June Sales Rebound – For Some

Koreans, domestics make strong gains, but Toyota, Honda hammered by shortages.

by on Jul.01, 2011

The Chevrolet Cruze surged past rivals like the Camry and Corolla to become America's best-selling passenger car in June.

It was a good month – for some – but while domestic and Korean automakers saw sales rebound after May’s unexpected plunge, two of Japan’s biggest makers continued to face problems due to product shortages.

With gas prices sliding after their mid-spring peak, June saw a notable upturn in demand for pickups, though small cars maintained strong sales, as well, according to industry data released on Friday.   But that was small consolation for Toyota and Honda, which are minor players in the pickup segment and who ran into serious shortages of small, fuel-efficient passenger cars like the all-new Honda Civic.

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That gave General Motors the chance to sprint past its Asian rivals, the Detroit maker’s Chevrolet Cruze surging past both the Civic and Toyota Camry to become the best-selling passenger car in the U.S.

Overall, U.S. sales for June climbed by 7% year-over-year, to 1.05 million.  That was short of the double-digit gain industry analysts had been forecasting but still an improvement over May, when the industry posted its first slide this year.

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June Car Sales Likely to Show Slight Rebound

But Toyota, Honda still likely to be down sharply.

by on Jun.28, 2011

Toyota sales will likely be off sharply for June.

The U.S. auto industry should have a reason to celebrate over the upcoming Independence Day holiday; initial data suggest that increased industry discounting set off fireworks for consumers, sending them back to showrooms after May’s unexpected downturn.

But the trendline remains soft compared to the strong market of early 2011, and at least one study of consumer “intensity” suggests that the rebound may not last long, sales potentially slipping again in the months ahead.

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June’s apparent upturn suggests that consumers are opening their pocketbooks again now that fuel prices have retreated a bit from an early spring surge.  Meanwhile, manufacturers like Toyota have consciously bought momentum by ramping up their incentives.  Makers had consciously trimmed back their giveaways over the spring – in large part responding to product shortages created by the March 11 earthquake and tsunami that devastated Japan.

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