Last Update: 01-Aug-18 17:31 ET
- U.S. light vehicle sales were at a seasonally adjusted annual rate (SAAR) of 16.77 million units in July versus a SAAR of 17.24 million units in June. The July run rate was down less than 0.1% from the SAAR of 16.78 million units for July 2017.
- Total domestic sales decreased to 13.06 million SAAR from 13.42 million SAAR in June.
- On a seasonally adjusted basis, domestic auto sales for July decreased to a SAAR of 3.93 million from a SAAR of 3.95 million in June. The sales rate was 12.7% below the year-ago period.
- On a seasonally adjusted basis, domestic truck sales decreased 3.5% to 9.14 million SAAR in July from 9.47 million SAAR in June. The sales rate was 4.8% above the year-ago period.
- BMW -0.3% yr/yr
- Fiat Chrysler +5.8% yr/yr
- Ford -3.3% yr/yr
- GM estimated -3.0% yr/yr
- Honda -8.2% yr/yr
- Hyundai-Kia -5.1% yr/yr
- Mercedez-Benz USA -20.1% yr/yr
- Nissan North America -15.2% yr/yr
- Subaru +6.7% yr/yr
- Toyota Motor -6.0% yr/yr
- VW Group of America +7.9% yr/yr
- The SAAR of 16.77 million was the slowest sales pace since August 2017 when Hurricane Harvey disrupted sales activity.
- July 2018 had one less selling day and one less weekend versus the same period a year ago.
- Demand for SUVs, pickups, and crossovers continued to drive overall sales activity while car demand was weak.
- According to ALG data cited by Automotive News, estimated new-vehicle incentive spending for the industry increased 3.2% year-over-year in July to $3,754. It was down 0.9% sequentially, however, which was the first month-over-month drop in almost five years.
|Domestic Light Vehicles
|Total Light Vehicles (incl imports)