In 2016 automakers sold a record high of 17,550,351 vehicles to beat analysts’ expectations and mark the seventh consecutive year of gains.
November’s sales climbed on the strength of light truck demand, up 8.5 percent from a year ago, and generous holiday deals. Honda’s sales rose 7.9 percent from November 2015, Hyundai’s sales were up two percent, Toyota saw an improvement of 5.3 percent, and Volkswagen’s sales rose 24.3 percent, ending a 12-month streak of declines. Subaru continued its 60-month run of sales improvements with 51,308 units sold – a November record.
Sales in October slowed from the pace they enjoyed earlier in the year. However, October’s relatively minor decline in sales suggests that the market may have plateaued at a healthy pace. Honda, down 2.0 percent, Nissan, down 2.5 percent, and Toyota, down 2.1 percent, all saw sales dip despite a strong truck and SUV market. Pickups and crossovers accounted for 61.2 percent of all sales, up 1.6 percent from October 2015. Car sales were down 12.6 percent to 38.8 percent of all vehicles sold. Hyundai bucked the negative trend with a rise in sales of 2.2 percent, while its new Genesis luxury division moved 1,201 units.
With the end of summer and the prospect of cooling temperatures in much of the country, September auto sales slowed from the pace they kept up earlier in the year. Despite the slowdown, some of the largest international nameplate brands saw small, but significant, gains. Honda sales were up 1.5 percent, Hyundai sales rose 2.2 percent, Nissan saw an improvement of 4.3 percent, and Toyota sales were up 1.4 percent. Pickups and crossovers accounted for 59.9 percent of all sales, up 4.5 percent from September 2015. Car sales were down 7.1 percent to 40.1 percent of all vehicles sold.
Last month, the auto market took a breather from its fast pace through the first half of 2016. However, while many of the largest international brands, like Honda (down 3.5 percent) and Toyota (down 4.6 percent), saw sales slip in August, not all reports were bad. Hyundai saw no sales change from a year ago and others, like Subaru (up 14.7 percent), saw improvements. Pickups and crossovers accounted for 60.3 percent of all sales last month, up 2.5 percent from August 2016, while passenger car sales were down 12.6 percent from a year ago to 39.7 percent of all sales.
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