May Auto Sales Update
GM said total sales rose three percent last month for its best May sales since 2007 with pickup trucks and crossovers especially strong.
“Demand for the all-new Colorado midsize pickup is rising faster than GM’s ability to increase production, even with the addition of a third production shift in March,” the company said. On average, a Colorado truck sits on a dealer’s lot for only 13 days, GM said.
Also on the hot seller list was the Chevy Equinox along with the Buick Enclave and Encore. Corvette sales rose six percent for the brand’s best May since 1986.
Over at Ford, sales fell one percent year-over-year with slowing demand for the Taurus, Flex and Expedition. But it was not all bad news with Mustang posting its best May and year to date sales results since 2007. Sales of the new Edge set a May sales record with sales up 34 percent. Supplies remain tight for the F-150 truck as a second truck plant in Kansas City ramps up toward full output. Overall, auto sales were off .9 percent with SUV sales up a half percent. Thanks to demand for the MKC, Lincoln posted a four percent hike in sales last month.
Earlier, Fiat Chrysler said May sales rose four percent mainly due to strong Jeep and Ram truck brands. The company enjoyed its 62nd straight month of positive sales.
Nissan reported that sales fell 0.8 percent last month, and like other manufacturers demand for cars was down while consumers rode home in more trucks, crossovers and SUVs. Overall sales in that category rose 17.6 percent and that set a Nissan record thanks to the Armada, Rogue, and Murano. Auto sales might rebound with the June launch of the eighth-generation Maxima.
Sales were down 0.3 percent at Toyota due, it said, to one less selling day this May compared to a year ago. On a daily selling rate basis, Toyota sales rose 3.6 percent. Light trucks reported the segment’s best May ever with over 200,000 units heading out the door. Lexus sales rose 10.2 percent last month with demand for luxury utility vehicles up 48 percent for the first five months of 2015.