Last month sales exceeded even the boldest analyst expectations, signaling a wide recovery across the automotive industry, and the boost came from the usual suspects – the light-duty truck and utility vehicles.
Although plagued by the recalls – which so far have reached in the US alone 14 million cars – and the ensuing scandal stemming from the late recall of 2.6 million cars equipped with defective ignition switches – General Motors was among the main beneficiary of the trend – with great sales for its the Cadillac Escalade, GMC Yukon, Chevrolet Silverado and Chevrolet Suburban models.
The same trend followed for the Chrysler Group for example – which lost 27% of its passenger car sales but had massive gains from the Jeep and Ram brands. Also, Ford had great sales of the Ford Explorer and Toyota reported rising deliveries for its new Highlander.
“Explorer continued to gain ground in the midsize utility segment with its best monthly sales performance in nearly 10 years, while Lincoln MKZ saw its best May ever,” said John Felice, Ford vice president, U.S. Marketing, Sales and Service.
General Motors, which reported sales gaining 13% over last year’s May saw most of the increases coming from many of its new introductions in the utility segment – many of them released during the harsh winter.