U.S. Car Sales Declined 3% in June
Sales of new cars and light-duty trucks in the U.S. fell 3% to 1.51 million units last month, Automotive News reports.
Volumes have trailed year-ago levels all year, declining 2% to 8.42 million through the first half of 2019. But AN’s calculated annualized sales rate of 17.3 million units marks the third time in four months that the pace surpassed a healthy 17 million units.
Analysts say relatively strong fleet sales have been able to soften the slump in retail demand.
June sales fell at Ford (-5% to 218,700 units) and General Motors (-1% to 254,700). Both companies now publicly report sales results only on a quarterly basis only.
Fiat Chrysler Automobile’s Ram truck brand surged 45% to 75,200 units last month. That was enough to offset declining sales for Chrysler, Dodge and Jeep brands and give FCA a net 2% gain to 206,100 vehicles.
June sales retreated for other high-volume manufacturers. Deliveries dropped for Toyota-Lexus (-4% to 202,400 units), Honda-Acura (-7% to 135,900), Nissan Group (-15% to 123,500) and Mercedes-Benz (+1% to 29,300).
Gainers for the month include Hyundai-Kia-Genesis (+2% to 122,900 units), Subaru (+3% to 61,500), Volkswagen Group (+6% to 56,700), BMW Group (+4% to 35,000) and Tesla (+56% to 12,000).
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For conducting business in the U.S. market, Toyota has historically had several separate business entities: a sales and distribution company headquartered in California (Toyota Motor Sales, USA); manufacturing operations (Toyota Motor Manufacturing North America); a racing subsidiary (Toyota Racing Development, USA); the Toyota Technical Center for R&D in Ann Arbor; and a design facility in California (Calty Design Research, Inc.). On April 1, 2006, Toyota merged its R&D operations and its manufacturing operations into a single company.
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