Auto News for Aug. 2 Hyundai down, Porsche Up

 2018 Elantra Sport

 A couple of sales reports that came in late. Hyundai said July demand was down 28 percent compared with a year earlier. Like other auto firms, it cited a reduction in fleet sales. It did say the Tucson had a record setting month and CUV sales were the second highest in the brand’s history.

 Porsche sold 3,901 vehicles last month a 0.6 percent increase over July of 2016. For the year, deliveries are up nearly 3 percent. The Macan was the brand’s hottest seller in July.

 Sales were off 1 percent at Kia with the Sorento and the Soul racking up the most sales.

 In case you missed it, here is the “rest of the story.”

 GM sales were off 15.4 percent, Ford was down 7.5 percent while Fiat Chrysler posted a 10.5 percent decline when compared to a year ago when demand was at a record level.

 And once again, plain old sedans sat unwanted on dealer lots as customers took home SUV’s and crossovers. GM for instance, said 80 percent of sales were made up of trucks and crossovers as the GMC Acadia rang up its best July numbers ever.

 “U.S. auto sales continue to moderate from last year’s record pace, but key U.S. economic fundamentals remain supportive of strong vehicle sales,” said Mustafa Mohatarem, GM chief economist. “Under the current economic conditions, we anticipate the second half of 2017 will be much stronger than the first half.”

 Chevrolet sales fell 15.3 percent, Cadillac was off nearly 22 percent, and Buick was down 30.5 percent last month.

 Over at Ford, customers were still buying the brand’s big pickup, the F-150 with sales up 5.8 percent in July. The Super Duty and high performance Raptor trucks led the charge. Yet Fusion sales dropped 42.2 percent and Mustang sales were off 35 percent.

 At Fiat Chrysler, the Chrysler Pacifica minivan was a good seller along with the Jeep Compass and the Ram ProMaster City utility van.

 All of the Detroit three said a planned cutback in fleet sales also fueled the sales decline.

Elsewhere:

 Toyota sales rose 3.6 percent.

 Honda gained 1.2 percent.

 Audi was up 2.5 percent led by the Q7, Q3 & A5 Sportback

 Subaru reported a record July, sales up 7 percent with customers driving home lots of Imprezas and Outbacks.

 Mazda posted a 3 percent weakening year over year. The CX-5 posted record breaking sales for the 4th month in a row.

 Nissan sold 128,295 vehicles, a 3 percent decline over the prior year. The Titan truck was in hot demand.

 And over at VW, sales fell 5.8 percent.

 

 

 

 

 

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