June U.S. auto sales maintained their momentum, reaching their highest June sales rate since 2005. June’s sales winners included Kia, up 6.9 percent; Nissan, up 13 percent; and Toyota, up 3.1 percent. Subaru’s sales were up 7.2 percent, driven in part by consumer demand for crossover vehicles like the Forester SUV. Leasing hit an all-time high in June, encompassing 33 percent of all sales
U.S. sales defied expectations in May, racing to their best finish since July 2005. The month’s sales winners included BMW, up 4.7 percent; Subaru, up 12.2 percent; and Volkswagen, up 8.1 percent. Audi, up 11 percent, saw sales rise for an industry-leading 67th month in a row. Pick-ups, up 7.3 percent as a segment, and crossovers, up 10.4 percent, drove sales in May, while sales of small cars were down 3.5 percent. Honda’s sales were flat, falling 0.3 percent, and Toyota saw sales slip 1.6 percent.
Dealers experienced modest sales improvement in April, buoying their expectations for a positive 2015 sales year. Some of April’s sales winners included Lexus, up 11.7 percent from April 2014; Mercedes-Benz, up 13 percent; and Nissan, up 5.4 percent. Honda saw sales fall 2.7 percent. Across the board transaction prices and loan terms were both on the rise, a sign that consumer confidence may also be heading in a positive direction. Light trucks and crossovers dominated April’s sales, topping the number of cars sold in the U.S. for the 20th month straight.
Automakers experienced mixed sales results in March. Toyota’s sales surged to 194,905 vehicles in March for a 4.4 percent improvement over March 2014. Hyundai, up 12 percent; Kia, up 7.3 percent; and Subaru, up 10.4 percent; all thrived in March despite bitter cold covering much of the country. In contrast, Honda’s sales fell 5.2 percent, Nissan slipped 3 percent, and Volkswagen’s sales were down 18.2 percent from a year ago.
Record-breaking snow and ice in many parts of the country hampered auto sales. Car sales fell 1.4 percent from February 2014 while SUVs and light trucks picked up the slack, rising 11.8 percent. Toyota’s sales were up 12.1 percent, enough to beat Ford for the country’s number two spot in sales behind General Motors. BMW, up 14.5 percent; Honda, up 4.1 percent; And Subaru, up 18.6 percent; all saw gains last month.
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