Deals Drive Hot Auto Sales In July - MediaPost Communications
Fiat Chrysler, Ford and General Motors reported sales figures that marked their best July since before the recession. Fiat Chrysler and General Motors both saw 6% sales gains over last July, while Ford's U. S. sales rose 5%, marking the automaker’s best July since 2006. Honda, Nissan and Kia all saw 8% gains. Volkswagen and BMW sales both rose 2%. Toyota's sales were flat. Porsche Cars North America sales rose 10% over July 2014. Mazda is the anomaly, with sales falling 7%. But the automaker is reporting a slight year-over-year increase in total sales through July. SUVs were among the hottest sellers, with sales of Nissan's new Rogue jumping 51% and GM's Buick Encore climbing 68%. Jeep sales, which were up 23%, made up 41% of Fiat Chrysler’s total number of vehicles sold during the month. SUVs and crossovers now comprise more than a third of the entire U. S. new light vehicle market, their highest share in at least six years and higher than any other vehicle configuration, so those manufacturers with a wide offering of these... “The story is similar in the highly profitable pickup category — pickup deliveries now account for more 13% of all new vehicle deliveries, their highest share in at least six years,” Libby says. Source: www.mediapost.com
