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MAY CAR SALES: THE GOOD AND THE BAD

Ford Motor Co., General Motors and Toyota Motor Corp. posted declines in May sales while Fiat Chrysler show slight improvement all of it driven by strong Jeep sales 

Jeep notwithstanding, the overall market showed a market loss for just the 7th time in the last 5 years.

 

GM blamed tight inventories, two fewer selling days an dtight inventories on its sales decline, along with a drop in rental car sales, all in all total GM’s brands posted double-digit declines in deliveries last month.

Ford sales fell by 6 %percent, as demand for each Ford and Lincoln passenger cars dropped. Fiat Chrysler sales were boosted by strong Memorial Day weekend traffic and robust Jeep demand, to edge up slightly with a 1.1 percent rise.

Toyota sales report release was worse as sales declined 9.6 percent to 219,339 vehicles – which included10 percent drop at the Lexus brand and the month saw  Camry sales plunged 16 percent to 36,916 units. These numbers dragged down total Toyota division car sales 15 percent overall.

Honda unit sales declined 4.8 percent to 147,108 vehicles with car sales down 2.2 percent and trucks off 7.6 percent. The Acura continues to struggle with a sales drop of close to 20 percent to 13,561 vehicles.

While the month was disappointing it marls only the 7th time since 2010 that unit sales have dropped below prior years performance.  annualized selling rate for May is projected to stay very strong at 17.4 million

Despite May numbers,  U.S. light vehicles sales have climbed 3.3 percent this year through April and remain on track to increase for the seventh straight year, analysts say.

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