#August2014
Cain's Segments: Trucks – August 2014
In an auto market which somewhat unexpectedly grew 5.5% in August 2014, sales of full-size pickup trucks jumped 8.8%. This increase occurred in spite of 3006 fewer sales from the segment’s best-selling vehicle line, Ford’s F-Series, which is fading slightly as ordering for the new 2015 F-150 begins.
Ram’s truck range was up 33% to more than 40,000 units, the second time in six months that the Chrysler Group/FCA has sold more than 40,000 Ram pickups in a single month. Not since 2003 have this many Ram trucks been sold during the month of August. Year-over-year, Ram’s share of the full-size truck segment grew by more than four percentage points.
U.S. Auto Sales Results: August 2014 YTD
Against less lofty expectations, the U.S. auto industry generated more than 1.58 million new vehicle sales in August 2014, a 5.4% improvement compared with the same period last year. The biggest gains came from Nissan and FCA/Chrysler Group, which jointly raised their August sales total from 286,050 to 332,767 units. Jeep and Ram were the only two brands to top 30% in terms of year-over-year growth.
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