Japanese cars: March US new car sales: down 2% year on year, for 3 consecutive months
April 3, 2019 6:13
Japanese cars:
Six Japanese automakers announced on March 2 that their US new car sales in March were 622,358 units, down 2% from a year earlier.
The decrease from the previous year is the third consecutive month.
The decline improved from a 5% drop in February.
In March, business days were one day less than in the previous year, and unit sales increased slightly on the same business day basis.
By manufacturer: Sales volume
Toyota Motor:
Sales of the flagship Corolla declined by 20% due to purchase restraints before the model change.
The luxury car brand Lexus grew 12% due to increased sales of the SUV “RX” and fell 3.5% to 214,947 units as a whole.
Nissan Motor:
Sales volume fell 7%.
The decline of the flagship SUV “Rogue” had an impact.
Honda:
The flagship “Civic” and “Accord” grew.
Subaru and Mitsubishi Motors also exceeded the previous year’s results.
US General Motors (GM)
January-March sales were down 7% to 665,840 units.
Nihon Keizai Shimbun
https://r.nikkei.com/article/DGXMZO43264370T00C19A4000000?s=4
U.S. Auto Sales Poised for Crash After Slowest Pace in a Decade
April 1, 2020, 11:16 AM EDT
GM, Fiat trail analysts’ estimates for the first quarter
Slumping Nissan posts 30% plunge in sales year-to-date
Sales fell 7.1% for GM and more than 10% for Fiat Chrysler in the first three months of the year, both bigger declines than expected.
While neither company provided a breakdown by month, demand collapsed midway through March. Brands including
Honda,
Hyundai and
reported drops of more than 40% for the month.
Toyota Motor Corp.’s U.S. sales
sank 37% in March as many of its showrooms were shuttered. The downdraft spared no models, with deliveries of its best-selling RAV4 compact SUV dropping 25% last month
Nissan Motor Co.,
whose sales woes predate the spread of the virus, had the weakest first-quarter showing among major manufacturers, posting a 30% plunge in deliveries.