U.S. Sales Grow 3% for Foreign Brands
An extra selling day, coupled with hefty retail incentives, boosted October deliveries of import brands in the U.S. 3% to 744,300 cars and light trucks, according to company reports.
Results were mixed for both Asian and European marques. Among Asia-based producers, volume grew for Honda (+8% to 117,500 vehicles), Hyundai/Kia (+11% to 109,000) and Mazda (+5% to 19,500). Sales were flat at 55,500 units for Subaru.
But October sales fell for Toyota (-1% to 188,800 units) and Nissan/Infiniti (-6% to 103,600).
Europe’s three best-selling companies reported gains for the period. They were led by Volkswagen Group (+6% to 53,100 vehicles), where a 19% jump in Audi sales offset a 3% decline for VW brand vehicles. Sales also climbed for BMW Group (+7% to 28,500) and Daimler (+1% to 32,100). Volume was flat for Jaguar Land Rover at 10,400 units.
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.
The Buick LaCrosse has been Buick’s top-line car since it was introduced in 2004 as a 2005 model sedan.
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?