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Finally GM and Ford admit that US car sales declined

20 Feb 2017
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Finally GM and Ford admit that US car sales declined

US car sales declined during January, we think the reason is pretty obvious: high incentive in December, low sales in January. Even so, the analysts are pretty sure that vehicles sales last month showed good results, and it won’t be the same for February. Customer confidence, better deals on vehicles and low gasoline prices will raise the demand for vehicles once summer sets. The seasonally adjusted annualized sales rate stood at 17.6 million vehicles for the month as compared with 17.9 million vehicles from the last year. Here's a detailed look at the auto sales of the automakers.

 

 

General Motors said that its sales dropped 3.8% to 195,909 vehicles in January. Retail sales plunged 4.9%. Chevrolet, Buick and Cadillac witnessed declining sales each. In contrast, GMC brand sales were a bit encouraging. Again, fleet sales surged 1%. Moreover, the Detroit automaker's average transaction price got boosted by $1,200 per unit to $34,500 per unit.
 

Toyota saw its January deliveries fall more than 11%. RAV4 and Highlander saw their best ever January sales. In contrast, Toyota division sales plunged 9.2% and Lexus sales dropped 25.6%.

 

 

Honda said that its sales spiked 5.9%, thanks to the solid sales of vehicles and trucks. The company's CR-V SUV contributed more than a quarter towards the total vehicle sales of Honda. While Honda division sales surged 7.7%, Honda truck sales rose 30.2%.

Nissan witnessed 6.2% sales growth in January to 112,319 units on the back of strong performance of the carmaker's crossovers, trucks and SUVs. Nissan division sales increased 3.6% and Infinite sales climbed 35.8% to 11,558 vehicles in January.

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