U.S. auto sales growth by units gained August 2014Forecasts didn’t call for rain on August 2014’s auto sales parade, but there was definitely a general feeling of overcast heading into Wednesday as automakers prepared to release their monthly and year-to-date sales results.

The rate of growth in the U.S. auto industry since the recession ended has been striking, but the chances of that growth lasting forever – particularly when a month like August is compared with a very strong month like August 2013 – seemed slim.

Yet auto sales increased by 5.5% to more than 1.58 million in August 2014, an improvement of more than 80,000 units.

The forecasts weren’t all wrong. High-volume brands like Chevrolet, Dodge, and Volkswagen all reported losses, a 13% decline in Volkswagen’s case, the 17th consecutive month in which Volkswagen brand sales have decreased in the United States.

Jaguar volume fell 31%. Infiniti volume fell 23%. Fiat was down 20%. Scion sales likewise slid 20%. Cadillac volume was off August 2013’s pace by 18%. Sales at BMW’s Mini brand were down 17%. Buick and Volvo both lost 10%; Acura and Land Rover fell 9%. Lincoln was just south of level.

The bright spots, however, were particularly bright. Jeep, Ram, Subaru, Nissan, and Toyota were the biggest brands to post significant increases. Maserati, Porsche, Smart, Mitsubishi, and Audi were among the lower-volume auto brands to post meaningful improvements: 278%, 36%, 34%, 28%, and 22%, respectively.

Mazda, BMW, Mercedes-Benz, GMC, and Lexus all grew by at least 10%. Toyota brand sales were up 7%. Hyundai grew 6%. (Kia, Chrysler, Honda, Bentley, and Ford improvements were all below the market’s 5.5% growth rate.)

Back to those five large and fast-growing brands, Jeep reported its best-ever sales month for the new Cherokee, America’s eighth-ranked SUV/crossover in August. Ram’s market share in the full-size truck category grew by more than four percentage points. Subaru sold more than 50,000 vehicles for the first time in a single month, and Nissan reported a car sales improvement of 18% in a car market that improved by just 2%. Toyota shot the RAV4 up to top spot among utility vehicles with record sales in a second consecutive month.

As for the fast-growing lower-volume brands, Maserati outsold Jaguar, albeit by just 49 units. Even with the Macan excluded, Porsche sales jumped 7.3%. Mercedes-Benz reported more than 1000 Smart Fortwo sales for the third time in five months, having not done so previously since September 2012.

Mitsubishi is not back to being a brand that can sell more than 300,000 cars annually in the United States, but sales have increased in six consecutive months and in ten of the last eleven months.

Audi reported its highest-ever monthly sales in the U.S. in August, generating 41% of the brand’s sales with Q models and the A4 Allroad, including the first 243 Q3 sales.

Article Published in The Truth About Cars

Views: 25

Reply to This

© 2024   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service