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May New Auto Sales Drop 6.1%
Posted on: 06/14/2016
The drop in new auto sales in May was the first monthly drop in nearly six years.
GM, Toyota, Ford, Honda and Nissan all reported a decrease in May. General Motors’ sales fell 18%, Toyota dropped 10% and Ford had a decrease of 6%.
Manufacturers with increases included Fiat Chrysler and Subaru with sales up 1% for each. Hyundai had an increase of 12%.
This year May had one less weekend than May 2016 and this could explain, in part, for the decline. TrueCar estimated that incentive spending rose 7% in May to an average of $3,034 per vehicle.
| May-16 | % Chg from May 2015 | YTD 2016 | % Chg from YTD 2015 | |
|---|---|---|---|---|
| Ford F - Series PU | 67,412 | 9 | 324,307 | 7.4 |
| Chevrolet Silverado PU | 45,035 | -12.7 | 223,990 | -0.1 |
| Dodge Ram PU | 38,833 | -2.8 | 193,279 | 7.7 |
| Toyota Camry | 36,916 | -15.8 | 167,199 | -6.3 |
| Honda Civic | 35,396 | 2.7 | 158,030 | 2 |
| Toyota Corolla / Matrix | 34,872 | -5.2 | 151,243 | -5.2 |
| Toyota RAV4 | 32,261 | 12 | 138,535 | 16.7 |
| Honda Accord | 31,949 | -1.3 | 140,548 | 9.6 |
| Ford Escape | 30,861 | 5.5 | 126,375 | 3.3 |
| Honda CR-V | 29,359 | -8.5 | 129,460 | -3.9 |
| Nissan Altima | 28,404 | -15.5 | 142,220 | -0.3 |
| Nissan Rogue | 27,428 | 5.9 | 119,637 | 6.7 |
| Ford Fusion | 24,589 | -21.5 | 120,313 | -5.8 |
| Chevrolet Malibu | 24,202 | 12.8 | 104,187 | 8.2 |
| Hyundai Elantra | 22,168 | -5.4 | 73,892 | -27.6 |
| Ford Explorer | 21,790 | -2.3 | 108,751 | 8.9 |
| Chevrolet Equinox | 21,252 | -27.9 | 101,738 | -17.9 |
| Nissan Sentra | 20,204 | -2 | 102,293 | 15.3 |
| Jeep Wrangler | 19,551 | -12.4 | 80,295 | 3.6 |
| Jeep Cherokee | 19,208 | -2.3 | 86,409 | -0.6 |