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Detroit- US sales of new cars and trucks showed declines in July as automakers cut aback on low-profit rental car sales and consumers waited for Labor Day deals.
July was acceptable the seventh beeline ages of lower sales. Analysts accept been admiration lower U.S. sales this year as appeal levels out afterwards an aberrant seven beeline years of growth.
General Motors said its sales fell 15% in July, while Ford’s sales were bottomward 7.5%. Both companies cut sales to rental and accumulated fleets. Fiat Chrysler’s sales were bottomward 10%. Volkswagen’s sales were bottomward 5.8%, while Nissan’s sales fell 3 percent. Honda’s sales were bottomward 1.2%.
Close to 18-million cars awash in US in 2016
At atomic two automakers airy the trend. Toyota’s sales rose 3.6% while Subaru’s were up 7%.
US new agent sales hit a almanac 17.55-million aftermost year. July’s clip would put anniversary sales at 16.5 or 16.6-million, said Alec Gutierrez, a arch bazaar analyst with the car arcade armpit Kelley Blue Book. That was lower than he expected, but not abundant to change his full-year anticipation of 17.1-million sales, he said.
Mark LaNeve, Ford’s US sales chief, said automakers accept been advancing for a dip in US sales, but July was acceptable a bleep and not an dispatch of that trend. He said GM’s accommodation to cut sales to rental-car fleets by 81% — or 11 200 cartage — was a big factor. Ford additionally cut agile sales by 26%, and it had to stop sales of its Transit bartering van for a few weeks while it performed a recall.
“We’re still operating at a actual aerial level,” said Mark LaNeve, Ford’s US sales chief.
Breakdown of US sales
General Motors: said its sales fell 15.4% to 226107. The automaker saw double-digit percent declines at GMC, Chevrolet, Cadillac and Buick. Sales of GM’s best seller, the Chevrolet Silverado pickup, alone 15%.
Toyota’s sales rose 3.6% to 222 057. Toyota and Lexus trucks and SUVs climbed 17% but cars struggled. Sales of the Toyota Prius amalgam fell 26 percent.
Ford said its sales alone 7.5% to 200 212. Ford’s SUV sales were up 2% but car sales alone 19 percent. Sales of Ford’s best seller, the F-Series pickup, rose 5.8%.
Fiat Chrysler’s sales fell 10% to 161 477. Its Jeep, Chrysler, Dodge and Fiat brands all saw declines, but Alfa Romeo sales were up acknowledgment to the new Giulia sedan. Ram barter sales were flat.
Honda’s sales slid 1.2% to 150 980. Honda saw the about-face of best automakers: Its Civic baby car saw sales acceleration 11% while sales of the CR-V SUV fell 12% admitting a contempo redesign. Acura affluence sales were up 4%.
Nissan’s sales fell 3.2% to 128 295. Sales of Nissan’s redesigned Titan auto barter added than tripled, and Infiniti affluence cast sales were up. But the company’s car sales alone 11%.
Subaru cast sales acquired 6.9% to 55 703. Subaru’s best-seller, the Outback SUV, was up 20%.
Volkswagen cast sales fell 5.8% to 27 091 as dealers awash off earlier Tiguan SUVs and started accepting 2018 models on their lots. Sales of the Golf SportWagen were up 87% , but that wasn’t abundant to account falling car sales.