U.S. Car Sales Surge 14%
Demand for new cars and light trucks in the U.S. jumped to 1.32 million in July from 1.15 million a year ago, Autodata Corp. reports.
The gain boosted the annualized sales rate for the month to 15.67 million units from 14.09 million last year.
Car deliveries advanced 13% to 657,400 units, led by a 22% jump (to 264,500 units) in small-car demand. Truck volume climbed 14% to 657,800 vehicles, propelled by a 30% surge (to 161,400 units) in fullsize pickup truck volume.
July sales by Detroit’s Big Three automakers rose 14% to 564,900 units, accounting for 46% of total volume. Demand grew 16% to 234,100 units at General Motors, 11% to 193,100 units at Ford and 11% to 136,300 units at Chrysler.
Asian brands posted sales of 625,100 vehicles in July, up 16% from July 2012. The advance was led by strong growth for the segment’s largest sellers: Toyota (+17% to 193,400 units), Honda (+21% to 141,400) and Nissan (+11% to 109,000).
Deliveries rose 6% to 66,000 units for Hyundai and 4% to 49,000 for its Kia affiliate.
European marques boosted combined sales 9% to 125,200 units last month in spite of a 3% decline to 35,800 units for market leader Volkswagen. Volume jumped 19% to 25,600 units at Mercedes-Benz, which surpassed rival BMW (+2% to 24,000 units) for the first time since May.
To know that 3,000 cars have been delivered since October 2015 would undoubtedly result in a shrug: in 2017 Toyota delivered 387,081 Camrys, so that 3,000 is less than one percent, and this is in one year, not just over two.
Often when there are vehicles that have ceased production and are in the process of being completely moved out of the system there are sales numbers that look like this: Honda Insight: June 2016, 9; June 2015, 126; % change: 93.1% Sometimes there is a vehicle that has just gone into production and it catches the sales at just the right time so that there are numbers that look like this: Honda Ridgeline: June 2016, 2,472; June 2015, 7; % change: 33,856% OK.
What happens if that $2.29 a gallon goes up by a couple of bucks a year from now? How are the pickup, SUV and crossover sales going to be then?