After a long period of strong growth for the US auto market, May has brought the biggest sales drop in nearly six year.
Almost all major automakers within United States have reported negative sales numbers last month, which had two fewer selling days, thus dragging down the auto industry after a long and constant upward trend. While the demand for trucks has been once again quite strong in May, the passenger car sector has plunged last month by 16 percent, according to data gathered by Automotive News. The overall volume fell 6.1 percent to 1.5 million vehicles, the biggest fall since August 2010. Among major automakers, only Fiat Chrysler, Subaru, Kia and Hyundai reported sales increases.
General Motors posted the biggest decline of 18 percent, hitting 240,450 vehicles because of its planned cutting strategy on rental fleets. Sales of Ford and Lincoln models declined by 5,9 percent to 235,997 units, Toyota’s sales slipped 9.6 percent to 219,339 vehicles, American Honda deliveries declined 4.8 percent, while Nissan volume decreased 1 percent.
On the positive side, the Jeep brand managed to draw a 0.9 percent increase for Fiat Chrysler, Subaru also posted a small boost of 1.1 percent, Kia reported 0.8 percent slight rise, while its Korean partner Hyundai gained a solid 12 percent gain. VW brand kept on going down by 17 percent, with a seventh consecutive decline in year over year monthly sales, with and overall result for the German Group of 9.5 percent down for the month.
Via Automotive News