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May auto sales are coming in better than forecast

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June 02, 2010 – Comments (11)

I just wanted to post a quick message to share the fact that U.S. light vehicle sales in May (which are being reported as I write this) are coming in much better than expected.  Here's who's reported so far:

Ford +22%

General Motors +17%

Subaru +35%

Chrysler +33%

Mazda +35%

Mercedes (including Smart) +22% 

None of the Big 3 Japanese, Nissan, Toyota, and Honda have reported yet.  Neither have the Koreans.  If I have time later, I'll post additional brands in the comments section.

Deej

11 Comments – Post Your Own

#1) On June 02, 2010 at 1:36 PM, brickcityman (< 20) wrote:

Is that YOY or Sequential?

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#2) On June 02, 2010 at 2:41 PM, alstry (35.03) wrote:

Oh goooody.......so is the deficit......it now exceeds the income of every producer in America.

Now let's go loan everyone a million dollars so there  can be three cars in every driveway....

No one will  be working....but everyone will have three cars.....

Welcome to the world where money is simply a product of a loan and not work.......

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#3) On June 02, 2010 at 3:14 PM, blueberrygoo (69.74) wrote:

@brickcityman those are YoY figures.  Ford did well though from April 2010 to May they went up 18% in sales.  Ford is selling a lot of trucks!

Ford is gaining market share (thanks Toyota) but the industry as a whole is not selling in leaps and bounds.  The SAAR for May is still coming in around 11.4 MM as the rate seems to be bouncing between 10.8 and 11.8. 

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#4) On June 02, 2010 at 4:25 PM, TMFDeej (99.46) wrote:

Go away Alsry.  I don't bother you in your home.

Deej 

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#5) On June 02, 2010 at 4:28 PM, TMFDeej (99.46) wrote:

Blueberry is right, those percent increases are year-over-year, not month over month.

For the industry as a whole, the much-publicized SAAR came in at 11.63 for the month versus a consensus estimate of around 11.4.  

It's a far cry from the bubble-like glory days of 17 million units, but sales definitely continue to improve.

Deej 

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#6) On June 02, 2010 at 4:30 PM, portefeuille (99.56) wrote:

Volkswagen May U.S. vehicle sales +20.3%,
BMW May U.S. vehicle sales -3.9%,
Porsche May U.S. vehicle sales -5.4%.

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#7) On June 02, 2010 at 4:31 PM, TMFDeej (99.46) wrote:

Here are a few more notable manufacturers (again year-over-year changes):

Toyota: +7%

Honda: +19%

Nissan: +24%

Hyundai: +33%

Kia: +21%

Volkswagen +20%

Deej 

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#8) On June 02, 2010 at 4:34 PM, portefeuille (99.56) wrote:

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TABLE-May U.S. light vehicle sales major automakers

DETROIT, June 2 (Reuters) - The top-selling automakers reported on Wednesday that U.S. sales rose about 19 percent overall in May. U.S. Auto Sales For May 2010 AUTOMAKER MAY LAST YR PCT CHNG 1 General Motors 223,822 191,875 16.6% 2 Ford Motor 196,912 161,531 21.9% 3 Toyota Motor 162,813 152,583 6.7% 4 Honda Motor Co 117,173 98,344 19.1% 5 Chrysler 104,819 79,010 32.7% 6 Nissan 83,764 67,489 24.1% 7 Hyundai 49,045 36,937 32.8% 8 Kia 31,431 26,060 20.6% 9 Subaru 23,667 17,505 35.2% 10 Volkswagen 23,543 19,568 20.3% 11 Mazda Motor Co 22,605 16,718 35.2% 12 BMW 22,092 22,993 -3.9% 13 Mercedes/Smart 19,871 16,303 21.9% 14 Audi 9,205 7,503 22.7% 15 Suzuki 1,903 2,585 -26.4% 16 Porsche 1,873 1,979 -5.4% TOTALS 1,094,538 918,983 19.1% AUTOMAKER YTD YTD 2009 PCT CHNG 1 General Motors 885,141 777,785 13.8% 2 Ford Motor 807,056 620,303 30.1% 3 Toyota Motor 705,938 638,795 10.5% 4 Honda Motor Co 487,282 430,358 13.2% 5 Chrysler 434,731 402,900 7.9% 6 Nissan 375,762 289,446 29.8% 7 Hyundai 204,577 166,743 22.7% 8 Kia 138,163 120,559 14.6% 9 Volkswagen 104,961 77,981 34.6% 10 Subaru 104,359 74,686 39.7% 11 BMW 98,254 93,599 5.0% 12 Mazda Motor Co 97,481 86,652 12.5% 13 Mercedes/Smart 90,742 77,384 17.3% 14 Audi 39,839 30,321 31.4% 15 Suzuki 9,514 20,259 -53.0% 16 Porsche 8,842 8,757 1.0% TOTALS 4,592,642 3,916,528 17.3%

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#9) On June 02, 2010 at 4:55 PM, leohaas (35.73) wrote:

A rec for the content of this post.

10 Recs for comment #4!

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#10) On June 02, 2010 at 5:08 PM, dpdoor (30.47) wrote:

The info is helpful, thanks, rec+1;People do seem to be getting on with life. No government incentives and they are buying cars. We are seeing a new altitude with our customers that we haven’t seen in 18 months. Glad I closed my shorts last week.

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#11) On June 02, 2010 at 6:56 PM, brickcityman (< 20) wrote:

not sure I can agree with you there dpdoor... wasn't it around this time last year that the CARS program was looking more like a reality? ... Hence stalling demand which in turn would make for good YoY?

 

Actually that much aside I would expect good YoY anyway, even though the stock market was perking up this time last year the real economy was still on a downward slope (as opposed to the bumbling along we've had since then)

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