Updated: 01-Aug-17 15:55 ET
|Updated: 01-Aug-17 15:55 ET
- U.S. light vehicle sales were at a seasonally adjusted annual rate (SAAR) of 16.73 million units in July versus a SAAR of 16.64 million units for June. The July run rate was 6.1% below the SAAR of 17.81 million units for July 2016.
- Total domestic sales slipped to 13.22 million SAAR from 13.23 million SAAR in June.
- On a seasonally adjusted basis, domestic auto sales increased 5.1% in July to a SAAR of 4.55 million. The sales rate was 12.0% below the year-ago period.
- Domestic truck sales decreased 2.5% to 8.68 million SAAR in July from 8.90 million SAAR in June. The sales rate was 3.9% below the year-ago period.
- General Motors sales were down 15.4% year-over-year.
- Ford sales were down 7.4% year-over-year.
- Fiat Chrysler sales were down 10.5% year-over-year.
- BMW of North America sales were down 13.7% year-over-year.
- Toyota sales were up 3.6% year-over-year.
- Honda Motor sales were down 1.2% year-over-year.
- Nissan North America sales were down 3.2% year-over-year.
- Hyundai-Kia sales were down 18.2% year-over-year.
- Subaru sales were up 6.9% year-over-year.
- Volkswagen Group of America sales were down 2.3% year-over-year.
- July was the fifth straight month that the seasonally adjusted annual sales rate (SAAR) has been below 17.0 million
- Automotive News reports U.S. light vehicle sales are on pace to decline in 2017 after seven straight annual gains
- Truck sales were a weak spot in July after a string of strong monthly sales
- According to ALG estimates cited by Automotive News, incentive spending was forecast to average $3,565 in July, up 4.7% from the same period a year ago but down 1.3% month-over-month
|Domestic Light Vehicles
| Light Trucks
|Total Light Vehicles (incl imports)