January new vehicle sales (including fleet sales) in the US are expected to be 1.15m units, a 0.9% increase from January 2006, according to analysts Edmunds.com.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This January had 25 selling days, one more than January 2006. Adjusted for this, sales are expected to decrease 3.1% from January 2006.
“The domestic automakers have cut production to better match demand while the Japanese automakers are building and selling more vehicles than ever before,” said Edmunds analyst Jesse Toprak.
The combined monthly US market share for the domestic nameplates of Chrysler, Ford and General Motors is estimated to be 52.4% in January 2007, down from 57.1% in January 2006 and down from 52.7% from December 2006.
Edmunds.com predicted Chrysler will sell 151,000 units in January 2007, down 20.5% compared to December 2006. This would result in a new car market share of 13.2%, down from 13.6% in January 2006 and down from 13.4% in December 2006.
Ford will sell 174,000 units in January 2007, down 22.7% compared to December 2006. This would result in a market share of 15.1% of new car sales in January 2007 for Ford, down from 17.7% in January 2006 and down from 15.8% in December 2006.
GM will sell 277,000 units in January 2007, down 17.2% compared to December 2006. GM’s market share is expected to be 24.1% of new vehicle sales in January 2007, down from 25.8% in January 2006 but up from 23.5% in December 2006.
Honda will sell 108,000 units in January 2007, down 18.1% from December 2006. Its market share is expected to be 9.4% in January 2007, up from 8.6% in January 2006 and up from 9.3% in December 2006.
Nissan will sell 78,000 units in January 2007, down 15.1% from December 2006. Nissan’s market share is expected to be 6.8% in January 2007, up slightly from 6.7% in January 2006 and up from 6.4% in December 2006.
Toyota will sell 191,000 units in January 2007, down 16.2% from December 2006. Toyota’s market share is expected to be 16.6% in January 2007, up from 14.1% in January 2006 and up from 16.0% from December 2006, Edmunds predicted.
“Historically, January is a weak sales month and this year is no exception,” added Toprak. “The height of truck-buying season is behind us, which hurts most of the automakers’ month-over-month comparisons.”
