Fresh car sales for July: Winners and losers
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Ford, General Motors, FCA, Nissan and Honda posted U.S. sales declines in what is shaping up to be one of the tougher months so far in a down year.
Ford`s 7.Four percent decline marked its largest drop of 2017. The same went for GM, down fifteen percent, as it held to a strategy of reducing sales to rental fleets. Fiat Chrysler fell 9.Five percent. Nissan backstepped for the 2nd time this year, down three percent.
At Honda, volume dropped 1.Two percent last month.
Most of the results so far indicate July is shaping up to be a worse month than analysts had forecast. One exception: Toyota Motor Corp., which tallied a three percent build up. This July had one less selling day than July of 2016.
Overall, when other automakers report July results later today, industry sales are forecast to fall Five.Four percent to 6.Two percent from strong July two thousand sixteen levels, based on estimates from Edmunds, Kelley Blue Book, J.D. Power and LMC Automotive.
Photo
It would be the seventh consecutive monthly decline, even as automakers pile on fatter deals and the general U.S. economy proceeds to grow and unemployment remains low.
U.S. light-vehicles sales are on rhythm to fall in two thousand seventeen after seven straight annual gains. Volume was down Two.1 percent through June, mostly on lower car and fleet deliveries.
The seasonally adjusted, annualized sales rate is expected to drop to seventeen million last month, down sharply from 17.9 million in July 2016, based on analysts polled by Bloomberg. GM today estimated the July SAAR will come in at 16.9 million units.
Ford said retail sales in the U.S. last month slipped one percent to 159,492 light vehicles. The company`s U.S. sales have now declined every month this year but one, May.
Car News
Fresh car sales for June: Winners and losers
U.S. light-vehicle sales dropped Two.9 percent in June behind another feeble month for cars and lower fleet shipments. Toyota, Nissan and Honda chalked up modest June gains while the Detroit three slipped as .
At GM, sales dropped fifteen percent at Chevrolet, thirty one percent at Buick, 7.Three percent at GMC and twenty two percent at Cadillac. GM`s retail volume — which has remained strong in latest months — dropped fourteen percent to 202,220 last month.
GM said it slashed July sales to rental car customers in the U.S. by eighty percent compared to a year ago, to just over Two,700 vehicles, while enhancing shipments to commercial fleets.
U.S. commercial vehicle fleet deliveries rose by forty percent in July to 17,300 vehicles, GM said, noting commercial sales can be as profitable as retail volume.
GM said fleet deliveries accounted for about eleven percent of total July volume.
The company`s average transaction price in the U.S. rose almost $1,000 to about $36,000 last month compared to July 2016.
Car News
«We have strategically determined to reduce car production rather than increase incentive spending or dump vehicles into daily rental fleets, like some of our competitors,» Kurt McNeil, GM`s head of U.S. sales operations, said in a statement. «We are working hard to protect the residual values of our fresh products and growing quality retail and commercial sales, and July`s ATPs reflect that discipline.»
At Nissan Motor Co., volume dropped Four.1 percent at the Nissan brand and Infiniti volume rose nine percent. July is only the 2nd month this year that Nissan`s U.S. deliveries have declined as the company proceeds to build up share in a down market.
Fiat Chrysler Automobile`s July sales fell behind a six percent decline in retail volume and thirty five percent reduction in fleet business. Ram and Alfa Romeo were the only two FCA brands to post higher sales last month, with volume off twelve percent at Jeep, thirty percent at the Chrysler brand and twelve percent at Dodge.
Volume dropped 1.7 percent at the Honda brand and rose Trio.7 percent at Acura. Overall, American Honda truck sales slipped Four.Two percent and car deliveries edged up 1.9 percent.
Among other automakers, July volume dropped Five.9 percent at Kia, Five.8 percent at the Volkswagen brand and three percent at Mazda. Deliveries rose 6.9 percent at Subaru.
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F-22 Raptor-inspired Ford F-150 Raptor brings $300,000 at auction
What the F-22 Raptor and the Ford F-150 Raptor lack in resemblance, they make up for with a common name and a mission to intimidate everything else in their respective traffic lanes. Perhaps .
July could mark the fifth straight month that the SAAR comes in below seventeen million, says KBB analyst Tim Fleming, who, along with GM, also sees a 16.9 million SAAR.
Analysts expected every major automaker to tally a decline for last month compared with July 2016, one of the strongest months in what turned out to be a record year.
Ahead of today`s reports, sales were projected by analysts to drop eight percent at General Motors, Five.Five percent at Ford Motor Co., Three.8 percent at Toyota Motor Corp., 6.1 percent at Fiat Chrysler, Three.Trio percent at Nissan, Trio.6 percent at Honda Motor Co., twelve percent at Hyundai-Kia and Two.8 percent at Volkswagen-Audi.
Fiat Chrysler and Hyundai-Kia are still searching for their very first monthly sales increase of 2017.
Fresh car sales for July: Winners and losers
Fresh car sales for July: Winners and losers
Share
Ford, General Motors, FCA, Nissan and Honda posted U.S. sales declines in what is shaping up to be one of the harsher months so far in a down year.
Ford`s 7.Four percent decline marked its fattest drop of 2017. The same went for GM, down fifteen percent, as it held to a strategy of reducing sales to rental fleets. Fiat Chrysler fell 9.Five percent. Nissan backstepped for the 2nd time this year, down three percent.
At Honda, volume dropped 1.Two percent last month.
Most of the results so far indicate July is shaping up to be a worse month than analysts had forecast. One exception: Toyota Motor Corp., which tallied a three percent build up. This July had one less selling day than July of 2016.
Overall, when other automakers report July results later today, industry sales are forecast to fall Five.Four percent to 6.Two percent from strong July two thousand sixteen levels, based on estimates from Edmunds, Kelley Blue Book, J.D. Power and LMC Automotive.
Photo
It would be the seventh consecutive monthly decline, even as automakers pile on fatter deals and the general U.S. economy proceeds to grow and unemployment remains low.
U.S. light-vehicles sales are on tempo to fall in two thousand seventeen after seven straight annual gains. Volume was down Two.1 percent through June, mostly on lower car and fleet deliveries.
The seasonally adjusted, annualized sales rate is expected to drop to seventeen million last month, down sharply from 17.9 million in July 2016, based on analysts polled by Bloomberg. GM today estimated the July SAAR will come in at 16.9 million units.
Ford said retail sales in the U.S. last month slipped one percent to 159,492 light vehicles. The company`s U.S. sales have now declined every month this year but one, May.
Car News
Fresh car sales for June: Winners and losers
U.S. light-vehicle sales dropped Two.9 percent in June behind another powerless month for cars and lower fleet shipments. Toyota, Nissan and Honda chalked up modest June gains while the Detroit three slipped as .
At GM, sales dropped fifteen percent at Chevrolet, thirty one percent at Buick, 7.Trio percent at GMC and twenty two percent at Cadillac. GM`s retail volume — which has remained strong in latest months — dropped fourteen percent to 202,220 last month.
GM said it slashed July sales to rental car customers in the U.S. by eighty percent compared to a year ago, to just over Two,700 vehicles, while enhancing shipments to commercial fleets.
U.S. commercial vehicle fleet deliveries rose by forty percent in July to 17,300 vehicles, GM said, noting commercial sales can be as profitable as retail volume.
GM said fleet deliveries accounted for about eleven percent of total July volume.
The company`s average transaction price in the U.S. rose almost $1,000 to about $36,000 last month compared to July 2016.
Car News
«We have strategically determined to reduce car production rather than increase incentive spending or dump vehicles into daily rental fleets, like some of our competitors,» Kurt McNeil, GM`s head of U.S. sales operations, said in a statement. «We are working hard to protect the residual values of our fresh products and growing quality retail and commercial sales, and July`s ATPs reflect that discipline.»
At Nissan Motor Co., volume dropped Four.1 percent at the Nissan brand and Infiniti volume rose nine percent. July is only the 2nd month this year that Nissan`s U.S. deliveries have declined as the company resumes to build up share in a down market.
Fiat Chrysler Automobile`s July sales fell behind a six percent decline in retail volume and thirty five percent reduction in fleet business. Ram and Alfa Romeo were the only two FCA brands to post higher sales last month, with volume off twelve percent at Jeep, thirty percent at the Chrysler brand and twelve percent at Dodge.
Volume dropped 1.7 percent at the Honda brand and rose Trio.7 percent at Acura. Overall, American Honda truck sales slipped Four.Two percent and car deliveries edged up 1.9 percent.
Among other automakers, July volume dropped Five.9 percent at Kia, Five.8 percent at the Volkswagen brand and three percent at Mazda. Deliveries rose 6.9 percent at Subaru.
Car News
F-22 Raptor-inspired Ford F-150 Raptor brings $300,000 at auction
What the F-22 Raptor and the Ford F-150 Raptor lack in resemblance, they make up for with a common name and a mission to intimidate everything else in their respective traffic lanes. Perhaps .
July could mark the fifth straight month that the SAAR comes in below seventeen million, says KBB analyst Tim Fleming, who, along with GM, also sees a 16.9 million SAAR.
Analysts expected every major automaker to tally a decline for last month compared with July 2016, one of the strongest months in what turned out to be a record year.
Ahead of today`s reports, sales were projected by analysts to drop eight percent at General Motors, Five.Five percent at Ford Motor Co., Three.8 percent at Toyota Motor Corp., 6.1 percent at Fiat Chrysler, Trio.Three percent at Nissan, Three.6 percent at Honda Motor Co., twelve percent at Hyundai-Kia and Two.8 percent at Volkswagen-Audi.
Fiat Chrysler and Hyundai-Kia are still searching for their very first monthly sales increase of 2017.
Fresh car sales for July: Winners and losers
Fresh car sales for July: Winners and losers
Share
Ford, General Motors, FCA, Nissan and Honda posted U.S. sales declines in what is shaping up to be one of the harsher months so far in a down year.
Ford`s 7.Four percent decline marked its thickest drop of 2017. The same went for GM, down fifteen percent, as it held to a strategy of reducing sales to rental fleets. Fiat Chrysler fell 9.Five percent. Nissan backstepped for the 2nd time this year, down three percent.
At Honda, volume dropped 1.Two percent last month.
Most of the results so far indicate July is shaping up to be a worse month than analysts had forecast. One exception: Toyota Motor Corp., which tallied a three percent build up. This July had one less selling day than July of 2016.
Overall, when other automakers report July results later today, industry sales are forecast to fall Five.Four percent to 6.Two percent from strong July two thousand sixteen levels, based on estimates from Edmunds, Kelley Blue Book, J.D. Power and LMC Automotive.
Photo
It would be the seventh consecutive monthly decline, even as automakers pile on thicker deals and the general U.S. economy proceeds to grow and unemployment remains low.
U.S. light-vehicles sales are on rhythm to fall in two thousand seventeen after seven straight annual gains. Volume was down Two.1 percent through June, mostly on lower car and fleet deliveries.
The seasonally adjusted, annualized sales rate is expected to drop to seventeen million last month, down sharply from 17.9 million in July 2016, based on analysts polled by Bloomberg. GM today estimated the July SAAR will come in at 16.9 million units.
Ford said retail sales in the U.S. last month slipped one percent to 159,492 light vehicles. The company`s U.S. sales have now declined every month this year but one, May.
Car News
Fresh car sales for June: Winners and losers
U.S. light-vehicle sales dropped Two.9 percent in June behind another feeble month for cars and lower fleet shipments. Toyota, Nissan and Honda chalked up modest June gains while the Detroit three slipped as .
At GM, sales dropped fifteen percent at Chevrolet, thirty one percent at Buick, 7.Three percent at GMC and twenty two percent at Cadillac. GM`s retail volume — which has remained strong in latest months — dropped fourteen percent to 202,220 last month.
GM said it slashed July sales to rental car customers in the U.S. by eighty percent compared to a year ago, to just over Two,700 vehicles, while enhancing shipments to commercial fleets.
U.S. commercial vehicle fleet deliveries rose by forty percent in July to 17,300 vehicles, GM said, noting commercial sales can be as profitable as retail volume.
GM said fleet deliveries accounted for about eleven percent of total July volume.
The company`s average transaction price in the U.S. rose almost $1,000 to about $36,000 last month compared to July 2016.
Car News
«We have strategically determined to reduce car production rather than increase incentive spending or dump vehicles into daily rental fleets, like some of our competitors,» Kurt McNeil, GM`s head of U.S. sales operations, said in a statement. «We are working hard to protect the residual values of our fresh products and growing quality retail and commercial sales, and July`s ATPs reflect that discipline.»
At Nissan Motor Co., volume dropped Four.1 percent at the Nissan brand and Infiniti volume rose nine percent. July is only the 2nd month this year that Nissan`s U.S. deliveries have declined as the company proceeds to build up share in a down market.
Fiat Chrysler Automobile`s July sales fell behind a six percent decline in retail volume and thirty five percent reduction in fleet business. Ram and Alfa Romeo were the only two FCA brands to post higher sales last month, with volume off twelve percent at Jeep, thirty percent at the Chrysler brand and twelve percent at Dodge.
Volume dropped 1.7 percent at the Honda brand and rose Trio.7 percent at Acura. Overall, American Honda truck sales slipped Four.Two percent and car deliveries edged up 1.9 percent.
Among other automakers, July volume dropped Five.9 percent at Kia, Five.8 percent at the Volkswagen brand and three percent at Mazda. Deliveries rose 6.9 percent at Subaru.
Car News
F-22 Raptor-inspired Ford F-150 Raptor brings $300,000 at auction
What the F-22 Raptor and the Ford F-150 Raptor lack in resemblance, they make up for with a common name and a mission to intimidate everything else in their respective traffic lanes. Perhaps .
July could mark the fifth straight month that the SAAR comes in below seventeen million, says KBB analyst Tim Fleming, who, along with GM, also sees a 16.9 million SAAR.
Analysts expected every major automaker to tally a decline for last month compared with July 2016, one of the strongest months in what turned out to be a record year.
Ahead of today`s reports, sales were projected by analysts to drop eight percent at General Motors, Five.Five percent at Ford Motor Co., Three.8 percent at Toyota Motor Corp., 6.1 percent at Fiat Chrysler, Trio.Trio percent at Nissan, Trio.6 percent at Honda Motor Co., twelve percent at Hyundai-Kia and Two.8 percent at Volkswagen-Audi.
Fiat Chrysler and Hyundai-Kia are still searching for their very first monthly sales increase of 2017.
Fresh car sales for July: Winners and losers
Fresh car sales for July: Winners and losers
Share
Ford, General Motors, FCA, Nissan and Honda posted U.S. sales declines in what is shaping up to be one of the tougher months so far in a down year.
Ford`s 7.Four percent decline marked its fattest drop of 2017. The same went for GM, down fifteen percent, as it held to a strategy of reducing sales to rental fleets. Fiat Chrysler fell 9.Five percent. Nissan backstepped for the 2nd time this year, down three percent.
At Honda, volume dropped 1.Two percent last month.
Most of the results so far indicate July is shaping up to be a worse month than analysts had forecast. One exception: Toyota Motor Corp., which tallied a three percent build up. This July had one less selling day than July of 2016.
Overall, when other automakers report July results later today, industry sales are forecast to fall Five.Four percent to 6.Two percent from strong July two thousand sixteen levels, based on estimates from Edmunds, Kelley Blue Book, J.D. Power and LMC Automotive.
Photo
It would be the seventh consecutive monthly decline, even as automakers pile on fatter deals and the general U.S. economy resumes to grow and unemployment remains low.
U.S. light-vehicles sales are on tempo to fall in two thousand seventeen after seven straight annual gains. Volume was down Two.1 percent through June, mostly on lower car and fleet deliveries.
The seasonally adjusted, annualized sales rate is expected to drop to seventeen million last month, down sharply from 17.9 million in July 2016, based on analysts polled by Bloomberg. GM today estimated the July SAAR will come in at 16.9 million units.
Ford said retail sales in the U.S. last month slipped one percent to 159,492 light vehicles. The company`s U.S. sales have now declined every month this year but one, May.
Car News
Fresh car sales for June: Winners and losers
U.S. light-vehicle sales dropped Two.9 percent in June behind another powerless month for cars and lower fleet shipments. Toyota, Nissan and Honda chalked up modest June gains while the Detroit three slipped as .
At GM, sales dropped fifteen percent at Chevrolet, thirty one percent at Buick, 7.Trio percent at GMC and twenty two percent at Cadillac. GM`s retail volume — which has remained strong in latest months — dropped fourteen percent to 202,220 last month.
GM said it slashed July sales to rental car customers in the U.S. by eighty percent compared to a year ago, to just over Two,700 vehicles, while enhancing shipments to commercial fleets.
U.S. commercial vehicle fleet deliveries rose by forty percent in July to 17,300 vehicles, GM said, noting commercial sales can be as profitable as retail volume.
GM said fleet deliveries accounted for about eleven percent of total July volume.
The company`s average transaction price in the U.S. rose almost $1,000 to about $36,000 last month compared to July 2016.
Car News
«We have strategically determined to reduce car production rather than increase incentive spending or dump vehicles into daily rental fleets, like some of our competitors,» Kurt McNeil, GM`s head of U.S. sales operations, said in a statement. «We are working hard to protect the residual values of our fresh products and growing quality retail and commercial sales, and July`s ATPs reflect that discipline.»
At Nissan Motor Co., volume dropped Four.1 percent at the Nissan brand and Infiniti volume rose nine percent. July is only the 2nd month this year that Nissan`s U.S. deliveries have declined as the company resumes to build up share in a down market.
Fiat Chrysler Automobile`s July sales fell behind a six percent decline in retail volume and thirty five percent reduction in fleet business. Ram and Alfa Romeo were the only two FCA brands to post higher sales last month, with volume off twelve percent at Jeep, thirty percent at the Chrysler brand and twelve percent at Dodge.
Volume dropped 1.7 percent at the Honda brand and rose Trio.7 percent at Acura. Overall, American Honda truck sales slipped Four.Two percent and car deliveries edged up 1.9 percent.
Among other automakers, July volume dropped Five.9 percent at Kia, Five.8 percent at the Volkswagen brand and three percent at Mazda. Deliveries rose 6.9 percent at Subaru.
Car News
F-22 Raptor-inspired Ford F-150 Raptor brings $300,000 at auction
What the F-22 Raptor and the Ford F-150 Raptor lack in resemblance, they make up for with a common name and a mission to intimidate everything else in their respective traffic lanes. Perhaps .
July could mark the fifth straight month that the SAAR comes in below seventeen million, says KBB analyst Tim Fleming, who, along with GM, also sees a 16.9 million SAAR.
Analysts expected every major automaker to tally a decline for last month compared with July 2016, one of the strongest months in what turned out to be a record year.
Ahead of today`s reports, sales were projected by analysts to drop eight percent at General Motors, Five.Five percent at Ford Motor Co., Trio.8 percent at Toyota Motor Corp., 6.1 percent at Fiat Chrysler, Three.Three percent at Nissan, Trio.6 percent at Honda Motor Co., twelve percent at Hyundai-Kia and Two.8 percent at Volkswagen-Audi.
Fiat Chrysler and Hyundai-Kia are still searching for their very first monthly sales increase of 2017.
Fresh car sales for July: Winners and losers
Fresh car sales for July: Winners and losers
Share
Ford, General Motors, FCA, Nissan and Honda posted U.S. sales declines in what is shaping up to be one of the harsher months so far in a down year.
Ford`s 7.Four percent decline marked its thickest drop of 2017. The same went for GM, down fifteen percent, as it held to a strategy of reducing sales to rental fleets. Fiat Chrysler fell 9.Five percent. Nissan backstepped for the 2nd time this year, down three percent.
At Honda, volume dropped 1.Two percent last month.
Most of the results so far indicate July is shaping up to be a worse month than analysts had forecast. One exception: Toyota Motor Corp., which tallied a three percent build up. This July had one less selling day than July of 2016.
Overall, when other automakers report July results later today, industry sales are forecast to fall Five.Four percent to 6.Two percent from strong July two thousand sixteen levels, based on estimates from Edmunds, Kelley Blue Book, J.D. Power and LMC Automotive.
Photo
It would be the seventh consecutive monthly decline, even as automakers pile on thicker deals and the general U.S. economy proceeds to grow and unemployment remains low.
U.S. light-vehicles sales are on rhythm to fall in two thousand seventeen after seven straight annual gains. Volume was down Two.1 percent through June, mostly on lower car and fleet deliveries.
The seasonally adjusted, annualized sales rate is expected to drop to seventeen million last month, down sharply from 17.9 million in July 2016, based on analysts polled by Bloomberg. GM today estimated the July SAAR will come in at 16.9 million units.
Ford said retail sales in the U.S. last month slipped one percent to 159,492 light vehicles. The company`s U.S. sales have now declined every month this year but one, May.
Car News
Fresh car sales for June: Winners and losers
U.S. light-vehicle sales dropped Two.9 percent in June behind another feeble month for cars and lower fleet shipments. Toyota, Nissan and Honda chalked up modest June gains while the Detroit three slipped as .
At GM, sales dropped fifteen percent at Chevrolet, thirty one percent at Buick, 7.Three percent at GMC and twenty two percent at Cadillac. GM`s retail volume — which has remained strong in latest months — dropped fourteen percent to 202,220 last month.
GM said it slashed July sales to rental car customers in the U.S. by eighty percent compared to a year ago, to just over Two,700 vehicles, while enhancing shipments to commercial fleets.
U.S. commercial vehicle fleet deliveries rose by forty percent in July to 17,300 vehicles, GM said, noting commercial sales can be as profitable as retail volume.
GM said fleet deliveries accounted for about eleven percent of total July volume.
The company`s average transaction price in the U.S. rose almost $1,000 to about $36,000 last month compared to July 2016.
Car News
«We have strategically determined to reduce car production rather than increase incentive spending or dump vehicles into daily rental fleets, like some of our competitors,» Kurt McNeil, GM`s head of U.S. sales operations, said in a statement. «We are working hard to protect the residual values of our fresh products and growing quality retail and commercial sales, and July`s ATPs reflect that discipline.»
At Nissan Motor Co., volume dropped Four.1 percent at the Nissan brand and Infiniti volume rose nine percent. July is only the 2nd month this year that Nissan`s U.S. deliveries have declined as the company resumes to build up share in a down market.
Fiat Chrysler Automobile`s July sales fell behind a six percent decline in retail volume and thirty five percent reduction in fleet business. Ram and Alfa Romeo were the only two FCA brands to post higher sales last month, with volume off twelve percent at Jeep, thirty percent at the Chrysler brand and twelve percent at Dodge.
Volume dropped 1.7 percent at the Honda brand and rose Three.7 percent at Acura. Overall, American Honda truck sales slipped Four.Two percent and car deliveries edged up 1.9 percent.
Among other automakers, July volume dropped Five.9 percent at Kia, Five.8 percent at the Volkswagen brand and three percent at Mazda. Deliveries rose 6.9 percent at Subaru.
Car News
F-22 Raptor-inspired Ford F-150 Raptor brings $300,000 at auction
What the F-22 Raptor and the Ford F-150 Raptor lack in resemblance, they make up for with a common name and a mission to intimidate everything else in their respective traffic lanes. Perhaps .
July could mark the fifth straight month that the SAAR comes in below seventeen million, says KBB analyst Tim Fleming, who, along with GM, also sees a 16.9 million SAAR.
Analysts expected every major automaker to tally a decline for last month compared with July 2016, one of the strongest months in what turned out to be a record year.
Ahead of today`s reports, sales were projected by analysts to drop eight percent at General Motors, Five.Five percent at Ford Motor Co., Trio.8 percent at Toyota Motor Corp., 6.1 percent at Fiat Chrysler, Three.Trio percent at Nissan, Three.6 percent at Honda Motor Co., twelve percent at Hyundai-Kia and Two.8 percent at Volkswagen-Audi.
Fiat Chrysler and Hyundai-Kia are still searching for their very first monthly sales increase of 2017.
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