Automakers report lower-than-expected sales in US market during April
Six of the biggest automakers reported lower sales in the U.S. market during April when compared to the same month from 2016. The latest figures provide further evidence the auto industry is receding its pace after seven straight years of growth, according to analysts.
Overall the industry reported a 4.7% sales decline to 1.43 million units, according to Autodata Corp. Edmunds and Kelley Blue Book analysts had projected sales declines of 4% and 3.1%, respectively.
Fiat Chrysler Automobiles reported sales fell 6.6% to 177,441 vehicles, while General Motors Co. said sales totaled 244,506 units, down 5.8% from the same month a year ago.
Ford Motor Co. sales also fell 7.2% to 214,695 vehicles, with SUV sales seeing the only increase (1.2%) for any of Ford’s segments. However, Ford still managed to sell 70,657 F-Series, more than the combined number of Focuses and Fiestas it has sold in the first quarter of 2017, as well as the 67,483 Fusions sold in that same four-month period.
Nissan and Toyota also posted declines of 1.5% and 4.4%, respectively. Honda Motor Co. reported 138,386 vehicles sold, down 7% from a year ago.
Volkswagen was the only major automaker to avoid the fall after posting a 1.6% increase as its sales totaled 27,557 vehicles.