US light vehicle sales boomed in May as the Detroit automakers blew past analyst predictions.
According to Ward’s, May sales topped 1.1m cars and trucks, the highest volume recorded this year. The seasonally adjusted sales rate (SAAR) for May came in at 11.63m, nearly 1.8m sales ahead of May 2009 and 420,000 in front of April 2010.
Even after cutting incentives by almost US$1,000 per vehicle, Chrysler posted the largest improvement of the major automakers with sales up 32.8% and volume breaking 100,000 units for the first time since March 2009. The smallest US carmaker is now in the positive column in year-to-date (YTD) sales.
Ford sales jumped 23.3%, led by the F-Series pickup. Strong results from the Ford brand overcame deficits posted by Lincoln, Volvo and soon-to-be-axed Mercury. Ford added late-month incentives to finish the month with a bang.
General Motors finished 16.6% ahead of May 2009. Sales of GM’s four core brands, Buick, Cadillac, Chevrolet and GMC, jumped 31.8% on new products and a hefty increase in incentives spending. GM spent the most of any automaker in May as the company worked to maintain volume while reducing fleet sales.
Cash may have worked for GM, but the magic didn’t extend to Toyota. The leading Japanese automaker posted a 6.7% improvement and it took help from light trucks and Lexus to get there. Lexus sales grew 31.3% as the brand padded its YTD lead in the luxury segment.
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By GlobalDataHonda sales were up 19.1% as a 24.3% rise in Acura sales boosted the Honda Division’s improvement of 18.6%. The Accord is well ahead of the Toyota Camry as America’s favorite car.
Nissan sales climbed 24.1% in May with the advance spearheaded by the Versa, which posted a 95.6% gain. But Nissan has now dropped back to sixth place among the major automakers.
Subaru set new May and YTD sales records as Outback sales rocketed 124%. Mazda reported sales increased 35.2%. Mitsubishi made it three months in a row, coming in 8.8% ahead of last year’s pace. Suzuki reported another decline; sales were down 26% in May and are now 53% behind January-May 2009.
Both Hyundai and Kia reported new sales records. The US-built Sorento continues to be the foundation of Kia’s success and the Sonata and Tucson were Hyundai’s secret weapons.
European results were mixed: Volkswagen finished 20.3% ahead of May 2009, Audi set its third consecutive monthly sales record, 22.7% ahead of May 2009, and Mercedes-Benz sales jumped a healthy 26.7%. On the other side of the ledger, Smart sales dropped another 40.6% and BMW reported a 2.9% deficit with Mini sales down 8.2%. Porsche sales fell 5.4% on slowing sales of the current Cayenne. Jaguar was down 17.6% while Land Rover was up 21.9%. To no one’s surprise Saab missed its mark by 77.8%.
Moderate petrol prices continue to fuel sales of light trucks and crossovers. In May, pickups again recorded stronger growth than the general market.
Month | Calendar Year-to-Date | |||||||
---|---|---|---|---|---|---|---|---|
May | % Share | DSR. | January – May | Vol. | ||||
2010 | 2009 | Current | Year-Ago | % Chg. | 2010 | 2009 | % Chg. | |
Chrysler | 104,651 | 78,777 | 9.5 | 8.5 | 32.8 | 433,289 | 401,215 | 8.0 |
Ford | 195,132 | 159,651 | 17.7 | 17.3 | 22.2 | 797,766 | 610,197 | 30.7 |
GM | 223,430 | 190,147 | 20.3 | 20.6 | 17.5 | 882,385 | 768,353 | 14.8 |
International (Navistar) | 29 | 13 | 0.0 | 0.0 | 123.1 | 113 | 39 | 189.7 |
North America Total | 523,242 | 428,588 | 47.5 | 46.4 | 22.1 | 2,113,553 | 1,779,804 | 18.8 |
Honda | 117,173 | 98,344 | 10.6 | 10.6 | 19.1 | 487,282 | 430,358 | 13.2 |
Hyundai Group | 80,476 | 62,997 | 7.3 | 6.8 | 27.7 | 342,741 | 287,302 | 19.3 |
Isuzu | 172 | 130 | 0.0 | 0.0 | 32.3 | 760 | 720 | 5.6 |
Mazda | 22,605 | 16,718 | 2.1 | 1.8 | 35.2 | 97,481 | 86,652 | 12.5 |
Mitsubishi | 4,737 | 4,352 | 0.4 | 0.5 | 8.8 | 22,292 | 22,105 | 0.8 |
Nissan | 83,764 | 67,489 | 7.6 | 7.3 | 24.1 | 375,762 | 289,446 | 29.8 |
Subaru | 23,667 | 17,505 | 2.1 | 1.9 | 35.2 | 104,359 | 74,686 | 39.7 |
Suzuki | 1,903 | 2,585 | 0.2 | 0.3 | -26.4 | 9,514 | 20,259 | -53.0 |
Tata | 3,671 | 3,391 | 0.3 | 0.4 | 8.3 | 16,407 | 15,311 | 7.2 |
Toyota | 162,813 | 152,583 | 14.8 | 16.5 | 6.7 | 705,938 | 638,795 | 10.5 |
Asia Total | 500,981 | 426,094 | 45.5 | 46.1 | 17.6 | 2,162,536 | 1,865,634 | 15.9 |
BMW | 22,092 | 22,993 | 2.0 | 2.5 | -3.9 | 98,254 | 93,599 | 5.0 |
Daimler | 19,907 | 16,322 | 1.8 | 1.8 | 22.0 | 90,886 | 77,474 | 17.3 |
Porsche | 1,873 | 1,979 | 0.2 | 0.2 | -5.4 | 8,842 | 8,757 | 1.0 |
Saab Spyker | 174 | 783 | 0.0 | 0.1 | -77.8 | 1,130 | 4,607 | -75.5 |
Volkswagen | 32,748 | 27,071 | 3.0 | 2.9 | 21.0 | 144,800 | 108,302 | 33.7 |
Europe Total | 76,794 | 69,148 | 7.0 | 7.5 | 11.1 | 343,912 | 292,739 | 17.5 |
Total Light Vehicles | 1,101,017 | 923,830 | 100.0 | 100.0 | 19.2 | 4,620,001 | 3,938,177 | 17.3 |
Month | Calendar Year-to-Date | |||||||
---|---|---|---|---|---|---|---|---|
May | % Share | DSR. | January – May | Vol. | ||||
2010 | 2009 | Current | Year-Ago | % Chg. | 2010 | 2009 | % Chg. | |
Domestic Cars | 389,714 | 315,976 | 35.4 | 34.2 | 23.3 | 1,621,017 | 1,296,120 | 25.1 |
Import Cars | 165,439 | 164,652 | 15.0 | 17.8 | 0.5 | 710,373 | 704,082 | 0.9 |
Total Cars | 555,153 | 480,628 | 50.4 | 52.0 | 15.5 | 2,331,390 | 2,000,202 | 16.6 |
Domestic Light Trucks | 466,730 | 368,114 | 42.4 | 39.8 | 26.8 | 1,932,763 | 1,567,383 | 23.3 |
Import Light Trucks | 79,134 | 75,088 | 7.2 | 8.1 | 5.4 | 355,848 | 370,592 | -4.0 |
Total Light Trucks | 545,864 | 443,202 | 49.6 | 48.0 | 23.2 | 2,288,611 | 1,937,975 | 18.1 |
Domestic Light Vehicles | 856,444 | 684,090 | 77.8 | 74.0 | 25.2 | 3,553,780 | 2,863,503 | 24.1 |
Import Light Vehicles | 244,573 | 239,740 | 22.2 | 26.0 | 2.0 | 1,066,221 | 1,074,674 | -0.8 |
Total Light Vehicles | 1,101,017 | 923,830 | 100.0 | 100.0 | 19.2 | 4,620,001 | 3,938,177 | 17.3 |
Cars | Trucks | |||
---|---|---|---|---|
1 | Camry | 125,804 | F Series | 193,843 |
2 | Accord | 122,725 | Silverado | 135,788 |
3 | Corolla/Matrix | 118,625 | Escape | 83,440 |
4 | Civic | 107,127 | CR-V | 70,829 |
5 | Altima | 96,195 | Ram Pickup | 69,005 |
6 | Fusion | 92,763 | RAV4 | 68,427 |
7 | Malibu | 87,597 | Equinox | 55,500 |
8 | Impala | 75,040 | Town & Country | 51,342 |
9 | Focus | 74,635 | Edge | 47,854 |
10 | Sonata | 71,478 | Econoline | 45,516 |