April Auto Sales Update – Ford F150 Drives The Brand

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 Ford said sales rose 4 percent last month led by the nation’s best-selling vehicle, the F-150 pickup where demand grew by 13 percent. It was the second month in a row that F-Series trucks surpassed 70,000 sales, coming in at 70,774.  “We saw strong consumer demand in April, especially for pickups,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “F-Series has moved past the quarter million sales mark year to date – the strongest start for F-Series in a decade, while Ford brand SUVs are having their best year ever.” Overall Lincoln sales rose 20 percent to 23,221.

 GM sales were both up and down and here’s why. Sales to retail customers rose 3 percent year-over-year. But total sales fell 4 percent because the General has cut back on sales to fleet and rental firms. “GM’s retail growth over the last 12 months has outpaced the industry by a wide margin because our redesigned large pickups and SUVs are hits, we made smart investments in new segments like small crossovers and mid-size pickups, and our momentum in the car business is accelerating with each new model introduction,” said Kurt McNeil, U.S. vice president of Sales Operations. Camaro sales rose 13 percent, truck sales were up 19 percent. Buick, Chevrolet, and GMC experienced a 3.5 percent or smaller decline in sales in April, while Cadillac sales were off 28.9 percent, according to the Detroit News.

 Honda said April sales rose 14.4 percent including the Acura brand. Sales of the Accord rose 15.7 percent year-over-year and sales of the Civic increased 24.5 percent after its redesign. The Acura light truck lineup posted its best April sales record with the RDX leading the way.

 Nissan reported a 12.8 percent sales gain last month and an April record of 123,861 vehicles heading out the door. Sales of crossovers, trucks and SUV’s, like virtually every other automaker, led the charge.

 For those of you just joining us, here is a repeat of some news filed earlier this morning.

Fiat Chrysler was first out of the box with April sales figures this morning and they rose 6 percent for the company’s best April since 2005. Jeep sales rose 17 percent for the brand’s best April sales ever. Dodge sales fell 3 percent while Chrysler sales were off 18 percent.

 Even before the first figures came out, Kelley Blue Book reported that new car transaction prices rose nearly 2 percent. The truck segment posted the largest increase. Overall, new car prices increased by $620 to $33,865 in April with mid-sized trucks climbing nearly 7 percent. Fiat Chrysler has the largest increase in transaction prices, up nearly 5 percent.

 Fiat Chrysler spun off Ferrari into a standalone company last January, and now FCA CEO Sergio Marchionne has been named, as expected, Chief Operating Officer at Ferrari. He replaces the retiring Amedo Felisa who has been with Ferrari for 26 years and will retain his seat on the Ferrari board. The company recently report record first quarter earnings with shipments up 15 percent.

 Nissan is recalling 3.1 million vehicles in the U.S. to fix a faulty airbag sensor that may not detect the presence of a front seat passenger. Involved are 2013-17 Nissan Altima, LEAF, Maxima, Murano, Pathfinder, Sentra, Rogue, NV200/Chevrolet City Express/Taxi, Infiniti JX35/QX60 and Q50.

 First quarter operating profit fell almost 3 percent at BMW as the automaker spent more on self-driving car technology. Worldwide profits were also affected by currency fluctuations.

 

 

 

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