Auto Sales Slide Again in July
Automobile sales savage the first half of 2019 in the The states. And analysts don't think the balance of the year will get whatever easier.
General Motors Co. on Tuesday reported that U.S. sales roughshod 4.ii% through the first one-half of the year. Fiat Chrysler Automobiles sales through the starting time six months of the year were down 2% despite its best June in more a decade. And Toyota Motor North America sales were down three.1% through the end of June.
GM reported sales slid 1.5% in the second quarter of 2019 as the automaker phases out sedans from its lineup. Chevrolet sedans and meaty cars in some cases had double-digit sales declines, and sales of well-nigh all its truck models fell, as well. The GMC Canyon midsize truck did mail service tape second-quarter sales of eighteen,863 units.
GM's SUVs and crossovers from Buick, Chevrolet and GMC posted mostly positive sales figures, but not plenty to boost the bottom line. Boilerplate transaction prices in the 2nd quarter hit a record $37,126.
The automaker'south Buick, Cadillac and Chevrolet brands all had sales declines through the first half of the yr. GMC sales were up two.ix% through June.
Fiat Chrysler moved 206,083 vehicles in June, up 2% from a year agone, due largely to Ram pickups, which had the highest monthly sales since the truck brand was severed from Dodge in 2009. However, Jeep sales slowed both for the month and the beginning half of the year, downwards 12% in June and 8% year-to-appointment.
Despite that, Jeep sales accounted for nigh half of FCA's overall sales through the first half-dozen months of 2019. The automaker has sold 1.1 one thousand thousand vehicles so far this year; Jeep sales clocked in a 456,281 through June. Ram sales were upwardly 28% through June, and were FCA'southward only brand that had increased sales in the first one-half of the year.
"For the first half of 2019, Ram has been on a tear since we made the strategic decision to enter the year with a three-truck strategy," Reid Bigland, caput of U.S. sales, said in a argument. "The new Ram 1500, Ram Classic and Heavy Duty are all generating a huge response from customers and critics alike. This is now the tertiary month Ram pickup sales have surpassed sixty,000 since December."
Just the Ram brand was the only one that saw sales increment through June. Besides Jeep, sales likewise brutal for the Chrysler, Contrivance, Fiat and Alfa Romeo brands every bit most models age and the automaker continues to phase sedans out of its lineup.
While Ram sales climbed every bit the automaker continues to phase in the all-new Ram models and sell the former models at the aforementioned fourth dimension, all the Jeep nameplates except the Grand Cherokee and Gladiator midsize pickup posted double-digit sales slips. Sales of the Chrysler Pacifica were down 23%.
Toyota reported the RAV4 had its best-e'er June sales, and sales of the Tacoma midsize pickup were upwards four.viii% twelvemonth-to-date. But car sales slid vii.7% through June, and SUV and truck sales were down 0.2%.
"Every bit we close out the second quarter, our sales are heating upward, led by the cerise-hot RAV4, Tacoma and light trucks," said Jack Hollis, general manager of Toyota sectionalization, in a statement. "New engineering science and improved styling has made our hybrid game improve than e'er, taking our sales up more than 31 percent from last June." He expected good results in the second half of 2019, with the return of the Supra sports auto and the the introduction of a new Highlander midsize SUV.
It will be hard for automakers to gain momentum through the end of the year later the first six months of 2019 that experts expect will accept brought sales declines for nearly every automaker selling in the U.Due south.
Industry analysts had forecast sales would be down for near automakers through the starting time half of the year, and in all likelihood they'd keep to slide for the remaining half-dozen months of the year.
A number of market pressures would contribute to slowing sales, analysts from several organizations said in late June alee of the official release of mid-twelvemonth sales results.
Vehicle prices have been steadily increasing. Automakers are making more money by selling more of the SUVs and trucks in the U.Due south. But analysts predict the appetite for the big, pricey trucks will brainstorm to wearisome.
And as used vehicles flood back to dealer lots post-obit record sales years for the past several years, consumers might be more than attracted to those low-mileage, lower-priced vehicles than the new vehicles that are becoming steadily more expensive to buy or lease.
June also marked the final month FCA would report sales figures monthly. The automaker volition join rivals General Motors Co. and Ford Motor Co. in reporting quarterly sales starting with the tertiary quarter. GM reports its 2d-quarter results Tuesday. Ford will publicly report its results Wednesday.
This story will exist updated.
ithibodeau@detroitnews.com
Twitter: @Ian_Thibodeau
Source: https://www.detroitnews.com/story/business/autos/chrysler/2019/07/02/jeep-sales-slow-ram-trucks-surge-through-first-half-year/1626309001/
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