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U.S. June Auto Sales – Notes and Quotes

The oil spill in the Gulf of Mexico is now stalling the auto industry’s recovery? Regional variations are now large.

by on Jul.02, 2010

Bob Carter, Toyota Motor sales vice president, said the sales data reflected some distinct regional variations. “The East Coast and Midwest continued to show growth,” he said during a conference call with reporters.

Sales on the West Coast were essentially flat but sales in states around the Gulf of Mexico actually declined year over year, suggesting the BP massive oil spill has disrupted the regional economy, Carter said.

Overall, the industry posted a 14.4% sales increase in June, but the sales data also showed that sales were down noticeably from May. (See Toyota’s June Sales Slide. The Japanese Big Three Tread Water as U.S. Auto Market Contracts)

General Motors reported its sales increased by 36% last month, marking sixth consecutive month in which sales of its key brands increased year-over-year by more than 20%. However, GM’s sales were off roughly 14% from the levels reported in May, indicating the sales tempo had slowed. (See June U.S. General Motors Sales Up 11%)

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Numbers!

Ford also reported 15% increase in sales during June, and so far this year the company’s sales have climbed 28% during the first half of 2010 as the company continued to gain market share. However, Ford’s sales dropped by 8% on a month-to-month basis.

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