As the following table will demonstrate, June sales rose a tepid 14 percent over an extremely low June in the year before. 860,004 light vehicles had changed hands in June 2009, a drop of 27.7 percent from June 2008. This June, 983,821vehicles left dealer lots, nowhere near the 1,189,518 units that were sold in June 2008.
In the first six months of 2010, a total of 5,615,000 vehicles were sold, 17 percent above the same period in 2009. Again, we are comparing with a very low level. In the first six months of 2009, a total of 4,809,876 units were bought, down 35.1 percent from 7,413,981 units in 2008.
Yesterday, Jessica Caldwell of Edmunds had predicted a “tortoise-like recovery,” and that’s what it looks like. Once we start comparing with the cash-for-clunker months of 2009, expect big minus signs.
In a conference call with analysts and media, Ford analyst George Pipas estimated June SAAR “in the low 11 million.” According to Reuters, “major automakers said there was no sign of the definitive second-half recovery that the battered industry had expected at the start of the year.” We better get familiar with that SAAR number of 11m and change. J.D.Power expects 11.8m units to be sold by the end of the year.
U.S. Light Vehicle Sales, June 2010
| Automaker | June 2010 | June 2009 | Pct. chng. | 6 month 2010 |
6 month 2009 |
Pct. chng. |
|---|---|---|---|---|---|---|
| BMW Group | 23,357 | 20,876 | 12% | 121,741 | 114,610 | 6% |
| Chrysler Group LLC | 92,482 | 68,297 | 35% | 527,219 | 471,197 | 12% |
| Daimler AG | 19,585 | 16,285 | 20% | 110,382 | 93,739 | 18% |
| Ford Motor Co. | 175,690 | 154,873 | 13% | 981,352 | 773,242 | 27% |
| General Motors | 194,716 | 174,785 | 11% | 1,077,601 | 947,518 | 14% |
| Honda (American) | 106,627 | 100,420 | 6% | 593,909 | 530,778 | 12% |
| Hyundai Group | 83,111 | 64,788 | 28% | 425,851 | 352,090 | 21% |
| Isuzu | – | – | -% | – | 165 | -100% |
| Jaguar Land Rover | 4,408 | 2,875 | 53% | 20,815 | 18,186 | 15% |
| Maserati | 180 | 112 | 61% | 912 | 593 | 54% |
| Mazda | 18,238 | 13,729 | 33% | 115,719 | 100,381 | 15% |
| Mitsubishi | 4,198 | 4,362 | -4% | 26,490 | 26,467 | 0% |
| Nissan††† | 64,570 | 58,298 | 11% | 440,332 | 347,744 | 27% |
| Porsche | 2,141 | 902 | 137% | 10,984 | 9,659 | 14% |
| Saab Spyker |
216 | – | -% | 738 | – | -% |
| Subaru | 21,601 | 18,620 | 16% | 125,960 | 93,306 | 35% |
| Suzuki | 2,035 | 2,149 | -5% | 11,549 | 22,408 | -49% |
| Toyota | 140,604 | 131,653 | 7% | 846,542 | 770,447 | 10% |
| VW | 29,768 | 26,674 | 12% | 175,140 | 135,510 | 29% |
| Other (estimate) | 294 | 306 | -4% | 1,764 | 1,836 | -4% |
| TOTAL | 983,821 | 860,004 | 14% | 5,615,000 | 4,809,876 | 17% |
wow. good job GM! May I ask how you managed to do that?
Incentives? I’m not sure I’ve seen the average incentives per car mentioned lately on TTAC.
Wow? Good Job?!?
Lets see the industry as a whole gained about 16-18% and GM gained 11%… Do the math… That means that in your “wow” “good job” month GM lost more relative market share to its competitors.
The time to go “wow” and “good job” is when GM gains 18% and the industry average is 11%… Not the reverse.
Especially if you look at the half year numbers … filters out the noise
Wow, Ford is really on a tear! A few more good months and they could out-sell GM?
remember GM is not the same company they were pre-bankruptcy
baby steps… way to go GM!
Wow, Ford is only 13% off the pace of GM. I don’t think they’ve been this close to #1 in the US since the Edsel was launched.
Try February
Bear in mind that this is an easy year over year comparison. An 11% increase over June 2009 is somewhat weak.
See this graph:
http://calculatedriskimages.blogspot.com/2010/06/light-vehicle-sales-may-2010_02.html
July and August are going to have terrible year-over-year comparisons due to C4C.
Chrysler up 35%! Great news for Sergio.
New Sonata is flying off the lot at the dealer I stop by in the Detroit area. They sell’em as fast as they come in. Definite hit for Hyundai.
Toyota numbers are up on there web site… I wonder why Autonews is so slow Toyota grew by only 6.8%
Wow. GM ousold Toyota by 54,000 units last month? And Toyota has yet another quality problem I see. 294,000 faulty engines! Can it get any worse for the once mighty giant?
Any worse?
Yeah, they could go bankrupt…
they should just go away
Quality issues and bland/horrific styling catching up to Toyota/Honda.
Jaguar/Land Rover up 53%? Is it the new XJ that’s driving sales?