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Car profits dropped comparing to last year!

02 Aug 2016
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Car profits dropped comparing to last year!

 

Ford has reported a 9% drop in second quarter last week, this is how the auto industry analysts got scared that car sales will slow down after 7 years of prosperity. Now the official U.S. sales have aired and it seems that the industry has really reached a plateau.

 

Company

  July 2015  

  July 2016   

  % Increase  

Fiat Chrysler A.

  181,081

  181,538

  0.30%

Ford Motor Company

  222,014

  215,268

  -3.00%

General Motors

  272,512

  267,258

  -1.90%

Mazda North America

  27,157

  27,915

  2.80%

Honda Motor Co.

  146,324

  152,799

  4.40%

Nissan North America

  130,872

  132,475

  1.20%

Tesla Motors 

  2,100

  2,250

  7.10%

Toyota Motor Sales 

  217,181

  214,233

  -1.40%

VW Group of America     

  49,246

  47,373

  -3.80%

Hyundai

  127,324

  134,972

  6.0%

BMW of North America   

  32,259

  30,653

  –5.0%

Mercedes-Benz USA

  30,130

  32,288

  7.20%

Subaru Of America

  50,517

  52,093

  3.10%

Volvo Car USA

  5,619

  8,584

  52.80%

Mitsubishi Motors 

  7,868

  7,890

  0.30%

 

 

We've got the July sales numbers for every major car maker in the country, besides Land Rover, Porsche and Jaguar, because they are low volume marques. We've seen for all these years how people used to buy cars like toys, the number of new cars sold was growing an growing, and of course at one moment it must stop. What we didn't know is that this end will come so soon. July's auto sales were up only 0.4% compared to July last year, the first seven months of the year have only surpassed the same period last year by a measly 1%. That is enough for everyone to realize that the automobiles industry is flattening out. We see some signs of SUV's slowing down for many brands, sedans are still keeping it strong by now. The incentives continue to rise faster than ATP's, combining with slowing growth, the industry is in a tricky spot.

 

 

After Ford's gloomy second quarter profits dropped last week, it was the first sign of the auto sales plateau, which can't be escaped. We know that these July 2016 sales numbers are showing how big the problem is right now for vehicle makers.

 

 

 

 

 

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