Auto sales hit new record during 2016 on U.S. market
Sales of new cars and light trucks went stronger than expected in the U.S. market for most automakers during last December, pushing annual figures to a new record high in 2016, according to data provider Autodata Corp.
U.S. vehicle sales totaled 17.55 million, a 0.4% rise from the previous year’s record of 17.47 million. It was the seventh consecutive year of year-over-year sales gains, an unprecedented string, said Tom Libby, an analyst at consulting firm IHS Markit interviewed by Associated Press.
Nissan Motor Co.’s U.S. sales rose 5 percent in 2016 to more than 1.5 million, a company record. Subaru brand also set an annual record, with sales up 6 percent to 615,132.
Honda Motor Co.’s sales jumped 3 percent to more than 1.6 million. Ford Motor Co.’s sales were up less than 1 percent to more than 2.6 million. Fiat Chrysler’s sales were flat at 2.2 million.
General Motors Co. said its year-over-year sales were down 1.3 percent to just over 3 million cars and trucks. That was partly because the company cut back on low-profit sales to rental-car firms.
Toyota Motor Corp.’s full-year sales fell 2 percent to 2.4 million. Volkswagen brands sales dropped 8 percent to 322,948, hurt by the company’s diesel mileage cheating scandal.