U.S. New Vehicle Sales, August 2010: Oooops
This was the Ooops month, previously called August. Before you get a heart attack from looking at the numbers, keep in mind that they are comparing with “Crazy August” of 2009, U.S. light vehicle sales were driven nearly up to the good old days of 2008 by Cash for Clunkers, only to drop 23 percent the next month. What we see this month is a flashback of the withdrawal effects of 2009. All of this had (hopefully) been factored-in by analysts, but the numbers are coming in worse than expected.
If you don’t want to be sidetracked by the base effect of one crazy month, look at the rightmost column for the bigger picture: Up a bit for the year, but not by a whole lot.
The following list is complete. All precincts have reported.
U.S. light vehicle sales, August 2010
Final list
AutomakerAug. 2010Aug. 2009Pct. chng.8 month20108 month
2009Pct. chng.BMW Group23,99124,370-2%169,148160,2606%Chrysler Group
99,61193,2227%720,140653,31910%Daimler AG20,13318,7497%149,134130,14915%Ford Motor Co.157,327181,826-14%1,308,8871,119,86317%General Motors185,105245,550-25%1,462,3081,381,2246%Honda (American)108,729161,439-33%815,075806,9071%Hyundai Group86,068100,665-15%601,444527,65314%Isuzu––-%–165-100%Jaguar Land Rover3,9583,16025%28,58123,95319%Maserati16112925%1,32889049%Mazda19,73926,542-26%156,190145,9557%Mitsubishi4,2936,813-37%36,43138,127-4%Nissan76,827105,312-27%599,496524,90314%Porsche2,0321,52633%15,71912,72924%Saab Cars North America290–-%1,498–-%Subaru22,23928,683-23%172,182143,82820%Suzuki1,8305,748-68%15,33131,664-52%Toyota148,388225,088-34%1,164,1541,170,407-1%Volkswagen32,11832,981-3%239,011195,59322%Volvo Cars North America4,441–-%4,441–-%Other (estimate)294307-4%2,3522,449-4%TOTAL997,5741,262,110–21%7,662,8507,070,0388%Data courtesy Automotive News [sub]
Some notes:
BMW includes Mini and Rolls-Royce
Daimler includes Maybach, Mercedes-Benz and Smart
Ford includes Volvo through July 2010, but not for August, as the Volvo sale to Geely closed on August 2nd
GM includes Saab through February 2010
Honda includes Acura
Nissan includes Infiniti
Toyota includes Lexus and Scion
Volkswagen includes Audi and Bentley
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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To state the obvious: Suzuki is in serious trouble in the US market, and may go the way of Fiat circa 1983. They are a huge carmaker who can't get any traction in the US - interesting and sad.
Suzuki and Mitsubishi are toast. The Maserati, Daimler and Porsche numbers tell you that the well off are doing just fine, thank you very much.