Industry News

June Auto Sales Hit Record Levels

Consumer demand is high for new vehicles. That should be a very positive sign as trade-ins will generate more vehicle sales. As the automotive love affair continues savvy 12volt retailers can promote traditional audio gear plus safety, convenience, lighting and connective products.

-12VoltNews.com

This article was written by Joseph Szczesny for TheDetroitBureau.com

The 2015 Lincoln Navigator sales boomed in June, rising 39% and helping Ford to an overall sales increase of 2% last month.

The 2015 Lincoln Navigator sales boomed in June, rising 39% and helping Ford to an overall sales increase of 2% last month.

DETROIT, MI (07.08.2015) – New vehicle sales continued their torrid pace for in the U.S. in June, helping the auto industry finished up the best six months in a decade with a slew of automakers posting sales increases or logging manufacturers sales records.

General Motors, FCA US, Ford, Nissan, Toyota, Audi, Volkswagen and Mazda all reported sales increases in the buoyant market lifted by strong demand for trucks and utility vehicles.

FCA US LLC posted an 8% increase compared with sales in June 2014 and the group’s best June sales since 2006 and recorded its 63rd-monthly sales increase in a row.

“June represented another strong month for our company with sales up 8% and our 63rd-consecutive month of year-over-year sales increases,” said Reid Bigland, head of U.S. Sales. “Our all-new Jeep Renegade and Fiat 500X inventory started to arrive at dealerships in greater volume during June positioning us well for the summer-selling season.”

GM’s overall sales were down 3% for June, but that result was representative of a conscious effort on the maker’s part to shift away from rental fleet sales, which were down 45% in June. The plan calls for the company to increase its “fleet” sales to commercial customers as well as state and local government fleets. The change represents a push for GM to generate higher returns – rental sales are much less profitable – on its fleet sales.

logo_detroit-bureauHowever, in “real world” sales, i.e. at GM dealers, retail sales were up 7% year-over-year, and they were up more than the industry for the third month in a row.

Kurt McNeil, GM’s U.S. vice president of Sales Operations, said the increase was driven by stronger Cadillac sales, plus a 12% gain at GMC and a 9% increase at Chevrolet.

“We just wrapped up the U.S. auto industry’s best six months in a decade, driven by strong demand for pickups and crossovers,” said McNeil.

“People feel good about their jobs and the direction the economy as a whole is taking, so the second half of the year should be strong too, and that’s especially good news for Chevrolet and GMC, brands that have very broad truck and crossover portfolios.”

Strong consumer demand for its newest products – F-150, Mustang, Edge and Explorer – pushed Ford’s total U.S. June sales 2% higher in June. Not only are they selling more, they’re selling for more, company officials said.

Click here to read this article by Joseph Szczesny at The Detroit Bureau