The recovering US auto market is now mulling a new all-times record, after September’s selling pace was the fastest in more than a decade and the Detroit carmakers basked in double-digit jumps.
With numerous Labor Day deals to deliver a welcomed boost and low interest rates combined with affordable gasoline strengthening the American love for sport utility vehicles and pickup trucks, the three Detroiters were set for spectacular gains. “The U.S. is adding jobs, disposable income is rising, energy prices and interest rates remain low and business continues to invest, but the fact remains this has been a slow recovery,” commented Mustafa Mohatarem, GM’s chief economist. General Motors, the largest US automaker and the third biggest in the world saw US deliveries soar 12 percent to 251,310 units and ended up with a 17.4 percent market share. The rise was paced by truck brand GMC, jumping 23.8 percent, followed by Chevrolet with 10.9 percent, Cadillac at 7.8 percent and Buick rising 5 percent.
Ford’s national sales jumped the most among the top three US automakers – 23 percent for the best September figures in eleven years. With a total of 221,269 units, Ford’s passenger car sales grew 15 percent but were again outrun by SUVs at SUVs up 23% and trucks going up 29 percent. “Our Ford and Lincoln dealers had an outstanding month, delivering strong sales, with gains in cars, SUVs and trucks in September,” commented Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. The crucial F-Series jumped 16 percent and its retail sales were even better at 28 percent, with the overall figure standing at a healthy 69,651 trucks.
FCA meanwhile continued its incredible sales streak – now at 66 consecutive months of gains – rising 14 percent thanks to an astonishing 40 percent increase seen at the Jeep brand. The Italian-American automaker took home the money from selling 193,019 units in September, with numerous models, such as the Chrysler 200, Dodge Challenger, Jeep Compass, Wrangler and Ram ProMaster all setting record figures for the month. “On the back of a strong sales industry we were able to achieve our best September sales in 15 years and our 66th consecutive month of year-over-year sales growth,” commented Reid Bigland, FCA’s top sales executive.