Though growth in the American new vehicle market slowed in the first-third of 2016, U.S. sales of SUVs and crossovers jumped 9 percent, a gain of 173,000 sales, year-over-year.
Matching the rate of expansion seen in calendar year 2015, the highest-volume year on record for the U.S. auto industry, was never going to be easy. It’s made all the more difficult by decreasing interest in the largest corner of the market: cars. Sales of passenger cars are down 5 percent so far this year, exacerbating a trend that was already set in stone a year ago.
Yet sales volume in Honda dealers is rising rapidly in the first four months of 2015. Honda just reported record April auto sales, not because of popular utilities such as the CR-V and Pilot, but because of cars. (Read More…)