10.7 C
New York
Saturday, April 20, 2024

Buy now

Demand for SUV SUVs in May increased vehicle sales

The high demand for SUV vans and SUVs boosted sales of new cars in the United States in May, when more than 1.25 million vehicles were sold, 3.1% more than the same month in 2017.

The increase in car sales in May is the third recorded this year in the domestic market and occurs in parallel to the good prospects of the country’s economy.

And the trend will continue in the coming months, analysts say, unless there are radical changes in the economic outlook.

Karl Brauer, an analyst at Kelley Blue Book, one of the industry’s main sources of information, said in a statement that economic indicators suggest that this trend will continue “during summer and autumn.”

But Brauer added that the US trade dispute with its two North American partners, Mexico and Canada, as well as with Europe. Like the rise in gasoline prices, “they could end the party.”

In May, one of the manufacturers that took the most advantage of the “party” was the Fiat Chrysler group, whose sales increased by 11% thanks to strong demand for vehicles from its Jeep brand.

FCA sold a total of 214,294 vehicles in May thanks to Jeep, which produces SUVs and SUVs, increased its deliveries by 29% to 97,287 vehicles.

This increase allowed Jeep to have the best month of May in the history of the company.

Models such as the Jeep Wrangler grew by 26%, to 25,102 vehicles, while the Compass delivered 17,327 units, a 223% increase, and the Cherokee 23,789 units, representing 63% more than a year ago.

For its part, Ford had to settle in May with a slight increase in sales, of 0.7%, thanks to the high demand of its trucks.

Ford last month sold 242,824 vehicles, of which 108,605 were vans and vans, 9.4% more than a year ago. Ford SUV sales had a slight growth of 0.5%.

But sales of Ford sedans fell 13.3% to 52,518 units.

Mark LaNeve, vice president of Ford for Sales in the United States, said in a statement that “with an increase in sales of 6% since the beginning of the year, the F Series (of vans) has had the best start to the year since 2000 and is on track to achieve its ninth consecutive year of sales increases. ”

Who did not have a good May was the Toyota group. The Japanese manufacturer lost 1.3% of its sales during the month, in which it delivered a total of 215,321 vehicles.

Toyota suffered the unstoppable tendency of US consumers towards the SUV SUVs, although in recent years the Japanese have increased their offer of models in this category.

Toyota indicated that sales of saloon-type vehicles fell by 11% and dropped to 82,564 units. At the same time, SUV and SUV sales of the group increased by 5.8% to 137,757 units.

Behind the three major manufacturers in the United States, General Motors (GM) has decided to stop providing monthly sales data in favor of quarterly data and the Honda group (Honda and Acura) gained 3.1% of sales in May.

The Honda group said that last month it sold a total of 135,069 units in the United States.

Another Japanese manufacturer, the Nissan group (Nissan and Infiniti), nevertheless closed May with a loss of 4.1% and 131,832 vehicles.

While South Korea’s Hyundai and Kia increased their sales last month, Hyundai gained 10.1%, with 66,056 deliveries, and Kia 1.6% with 59,462 vehicles.

Among the German manufacturers, Volkswagen (VW) increased its sales by 4% to 31,211 units thanks to the renewed demand for SUV SUVs while the luxury brand of the Audi group had a slight increase of 0.6% with 19,315 vehicles.

BMW sales grew by 3.3% to 26,662 units and Mercedes Benz by 0.4% to 30,077 vehicles.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

21,156FansLike
3,912FollowersFollow
2,245SubscribersSubscribe
- Advertisement -spot_img

Latest Articles