A predicted auto gross sales enchancment in August, anticipated to be the primary year-over-year enhance in 2017, gave strategy to decreases for a lot of automakers as Hurricane Harvey’s drastic results shut down demand in one of many nation’s largest auto markets for the ultimate quarter of the month.
In keeping with Edmunds, Ford, Ram, GMC, Cadillac, and Mitsubishi all declare Texas as their largest market. The interval surrounding Labor Day produced Four % of America’s new automobile gross sales in 2016, however that determine will undoubtedly fall due to Harvey’s devastating affect.
Auto gross sales had been nonetheless bolstered by a 13-percent year-over-year enhance in common incentive spends in August, ALG says.
At $Three,799 per automobile — and $Four,500-plus at Mercedes-Benz, FCA, Ford Motor Firm, Common Motors, and Nissan/Infiniti — the common per-vehicle incentive spend was up Four % in contrast with July. Edmunds nonetheless anticipated automakers to proceed to have issues clearing out remaining stock. In August 2016, 17 % of autos bought had been 2017 fashions. In August 2017, that determine was probably lower in half.
Constructive gross sales outcomes had been nonetheless reported by all kinds of automakers in July. Whereas FCA and Ford Motor Firm each posted losses, Common Motors and Toyota Motor Corp. had been up Eight % and seven %, respectively, in contrast with August 2016.
GM benefited from booming crossover gross sales: the Buick Encore, Cadillac XT5, Chevrolet Equinox, Chevrolet Traverse, GMC Acadia, and GMC Terrain mixed for a 52-percent rise to 81,386 gross sales, equal to three-in-10 GM gross sales.
Toyota set an all-time month-to-month report with 42,265 RAV4 gross sales and likewise produced a 13-percent Camry enchancment.
Subaru reported a report 12,823 Crosstreks bought and a 17-percent Outback enhance, plus a 40-percent Impreza enchancment. That makes August its 69th consecutive month of development and its greatest month ever.
Volkswagen earned greater than a fifth of its gross sales with utility autos as the brand new Tiguan and Atlas mixed for greater than 5,000 gross sales.
But total auto gross sales fell 2 % in August 2017, the eighth consecutive month of decline. Count on a post-Harvey bump in auto gross sales, within the southeast Texas area specifically, as automakers compete for alternative automobile purchases. So horrible is Harvey’s aftermath, nevertheless, that such a bump may very well be rendered imperceptible each by its delay and the gradual nature of the alternative part.
|Auto Model||August 2017||August 2016||% Change||2017 YTD||2016 YTD||% Change|
|Mercedes-Benz Vans °||Three,581||Three,152||13.6%||22,139||22,186||-Zero.2%|
|Whole Mercedes-Benz °||28,954||31,556||-Eight.2%||235,381||241,890||-2.Eight%|
|Fiat Chrysler Cars||176,033||196,805||-10.6%||1,404,872||1,521,477||-7.7%|
|Ford Motor Co.||209,029||213,411||-2.1%||1,702,744||1,773,849||-Four.Zero%|
|Hyundai-Kia Automotive Group||107,633||126,263||-14.Eight%||860,195||963,622||-10.7%|
|Nissan / Infiniti / Mitsubishi||116,490||131,974||-11.7%||1,127,074||1,122,387||Zero.Four%|
|Toyota Motor Gross sales, USA. Inc.||227,625||213,125||6.Eight%||1,604,847||1,625,197||-1.Three%|
|Volkswagen Group *||56,748||54,228||Four.6%||399,644||378,677||5.5%|
|Trade Whole †||1,484,826||1,512,626||-1.Eight%||11,358,405||11,676,422||-2.7%|
* Volkswagen Group contains gross sales figures for Audi, Bentley, Porsche, and Volkswagen manufacturers
° Mercedes-Benz USA releases gross sales figures for the Mercedes-Benz model within the typical sense, vans excluded, in addition to totals for the Metris and Sprinter vans. The entire image is included right here.
† Trade complete takes under consideration Automotive Information figures/estimates for manufacturers corresponding to Tesla (Four,400 August items) and different low-volume, high-priced producers.
[Image: General Motors]
Timothy Cain is a contributing analyst at The Reality About Vehicles and Autofocus.ca and the founder and former editor of GoodCarBadCar.internet. Observe on Twitter @timcaincars.