Leroy N. Soetoro
2016-06-03 18:09:35 UTC
http://www.detroitnews.com/story/business/autos/2016/06/01/automakers-may-
sales/85230234/
The automotive industry in May hit a speed bump on its road to a second-
consecutive record sales year.
Two fewer selling days led to sales declines for most automakers, while
General Motors Co. dropped sharply due to a combination of reduced fleet
sales and production hitches at numerous plants which cut into supply of
popular sellers. Still, auto analysts and company officials expect the
industry will end 2016 by selling more new cars and trucks than any other
year.
Automakers last month sold 1,536,276 vehicles, down 6 percent from the
same month a year ago, according to Autodata Corp.
The sky is not falling, said Michelle Krebs, senior analyst with
Autotrader.com. The industry has been selling at an amazing rate for a
long time ... so were just not seeing the growth. But bear in mind sales
remain at very lofty levels and we may well set another new record.
Detroits three automakers had varying May results. GM and Ford Motor Co.
sales fell year-over-year, with GM down 18 percent and Ford down 6.1
percent, while Fiat Chrysler Automobiles NV managed to eke out a 1.1
percent gain. GMs May market share fell to 15.7 percent from 17.9 percent
a year ago.
http://download.gannett.edgesuite.net/detnews/graphics/2016/bu_sales_auto_
brand_SUB1_060216.jpg
Fiat Chrysler sales again were driven by Jeep. Jeep posted its best
monthly sales ever with a 13.7 percent increase. FCAs Alfa Romeo rose 10
percent while sales of Ram trucks were flat. Fiat fell 18.9 percent,
Chrysler fell 18.5 percent and Dodge fell 5.4 percent.
Ford blamed its drop on fewer selling days, and said the month played out
as expected.
Despite the overall sales decrease, sales of its profitable F-Series
trucks increased 9 percent to 67,412. Fords total truck sales rose 8.9
percent, while utility sales rose 0.3 percent and its car sales plummeted
25 percent. Sales of Fords Lincoln luxury brand rose 6.9 percent.
Ford said incentive spending on its F-Series trucks is up $1,200 compared
to May 2015, when F-150 inventory levels were low. Officials said they
expect a strong second half.
Year-to-date, the industrys up about 1 percent over a record year, said
Erich Merkle, Fords sales analyst. We still think the industry is quite
healthy.
GM, which sold 240,450 vehicles in May, dropped more than analyst
forecasts. GM blamed its drop on a short sales month, tight supplies of
new models such as the Chevrolet Cruze and Chevrolet Malibu and its
continued cutback of sales to rental fleets. It said its May sales to
rental fleets fell 49 percent or nearly 22,000 vehicles from the same
month a year ago.
Current dealer inventories for launch products are about half of what
wed like for launch products, but availability is improving, which sets
us up well for the second-half of the year, Kurt McNeil, GM vice
president of sales operations, said in a statement.
GM said Buick sales fell 22.1 percent in May, while Cadillac fell 16
percent, Chevrolet was down 18.6 percent and GMC dropped 14.3 percent.
GMs stock fell on the news, closing at $30.22 a share Wednesday, down
nearly 3.4 percent.
While sales were down, the company had high average transaction prices
including all-time records for the Chevrolet Silverado and GMC Sierra,
respectively at $41,042 and $46,623.
The Detroit automaker had to halt production for two weeks in late April
and early May at four North American plants for two weeks due to a supply
shortage from earthquakes in Japan. The Spring Hill plant is launching the
2017 Cadillac XT5 crossover and 2017 GMC Acadia; the Fairfax plant is
producing the new 2016 Chevrolet Malibu; and Lordstown is launching the
new 2016 Chevrolet Cruze.
GMs Lansing Delta Township Assembly Plant, which builds full-size SUVs,
was not producing in May as part of scheduled downtime for retooling.
Sales of SUVs the plant builds were down sharply.
Alec Gutierez, a senior analyst with Kelley Blue Book, said GM should be
able to make up for the loss of production within about 30 to 60 days.
If you look at GMs numbers from an inventory perspective, GMs running
at about 89 days inventory, slightly above the industry average, he said.
To me, even with that, they have ample inventory.
--
His Omnipotence Barack Hussein Obama, declared himself "Pooptator" of all
mentally ill homosexuals and crossdressers, while declaring where they
will defecate.
Obama increased total debt from $10 trillion to $19 trillion in the seven
years he has been in office, and sold out heterosexuals for Hollywood
queer liberal democrat donors.
Barack Obama, reelected by the dumbest voters in the history of the United
States of America. The only American president to deliberately import a
lethal infectious disease from Africa, Ebola.
Loretta Fuddy, killed after she "verified" Obama's phony birth
certificate.
Obama ignored the brutal killing of an American diplomat in Benghazi, then
relieved American military officers who attempted to prevent said murder
in order to cover up his own ineptitude.
Obama continues his muslim goal of disarming America while ObamaCare
increases insurance premiums 300% and leaves millions without health care.
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sales/85230234/
The automotive industry in May hit a speed bump on its road to a second-
consecutive record sales year.
Two fewer selling days led to sales declines for most automakers, while
General Motors Co. dropped sharply due to a combination of reduced fleet
sales and production hitches at numerous plants which cut into supply of
popular sellers. Still, auto analysts and company officials expect the
industry will end 2016 by selling more new cars and trucks than any other
year.
Automakers last month sold 1,536,276 vehicles, down 6 percent from the
same month a year ago, according to Autodata Corp.
The sky is not falling, said Michelle Krebs, senior analyst with
Autotrader.com. The industry has been selling at an amazing rate for a
long time ... so were just not seeing the growth. But bear in mind sales
remain at very lofty levels and we may well set another new record.
Detroits three automakers had varying May results. GM and Ford Motor Co.
sales fell year-over-year, with GM down 18 percent and Ford down 6.1
percent, while Fiat Chrysler Automobiles NV managed to eke out a 1.1
percent gain. GMs May market share fell to 15.7 percent from 17.9 percent
a year ago.
http://download.gannett.edgesuite.net/detnews/graphics/2016/bu_sales_auto_
brand_SUB1_060216.jpg
Fiat Chrysler sales again were driven by Jeep. Jeep posted its best
monthly sales ever with a 13.7 percent increase. FCAs Alfa Romeo rose 10
percent while sales of Ram trucks were flat. Fiat fell 18.9 percent,
Chrysler fell 18.5 percent and Dodge fell 5.4 percent.
Ford blamed its drop on fewer selling days, and said the month played out
as expected.
Despite the overall sales decrease, sales of its profitable F-Series
trucks increased 9 percent to 67,412. Fords total truck sales rose 8.9
percent, while utility sales rose 0.3 percent and its car sales plummeted
25 percent. Sales of Fords Lincoln luxury brand rose 6.9 percent.
Ford said incentive spending on its F-Series trucks is up $1,200 compared
to May 2015, when F-150 inventory levels were low. Officials said they
expect a strong second half.
Year-to-date, the industrys up about 1 percent over a record year, said
Erich Merkle, Fords sales analyst. We still think the industry is quite
healthy.
GM, which sold 240,450 vehicles in May, dropped more than analyst
forecasts. GM blamed its drop on a short sales month, tight supplies of
new models such as the Chevrolet Cruze and Chevrolet Malibu and its
continued cutback of sales to rental fleets. It said its May sales to
rental fleets fell 49 percent or nearly 22,000 vehicles from the same
month a year ago.
Current dealer inventories for launch products are about half of what
wed like for launch products, but availability is improving, which sets
us up well for the second-half of the year, Kurt McNeil, GM vice
president of sales operations, said in a statement.
GM said Buick sales fell 22.1 percent in May, while Cadillac fell 16
percent, Chevrolet was down 18.6 percent and GMC dropped 14.3 percent.
GMs stock fell on the news, closing at $30.22 a share Wednesday, down
nearly 3.4 percent.
While sales were down, the company had high average transaction prices
including all-time records for the Chevrolet Silverado and GMC Sierra,
respectively at $41,042 and $46,623.
The Detroit automaker had to halt production for two weeks in late April
and early May at four North American plants for two weeks due to a supply
shortage from earthquakes in Japan. The Spring Hill plant is launching the
2017 Cadillac XT5 crossover and 2017 GMC Acadia; the Fairfax plant is
producing the new 2016 Chevrolet Malibu; and Lordstown is launching the
new 2016 Chevrolet Cruze.
GMs Lansing Delta Township Assembly Plant, which builds full-size SUVs,
was not producing in May as part of scheduled downtime for retooling.
Sales of SUVs the plant builds were down sharply.
Alec Gutierez, a senior analyst with Kelley Blue Book, said GM should be
able to make up for the loss of production within about 30 to 60 days.
If you look at GMs numbers from an inventory perspective, GMs running
at about 89 days inventory, slightly above the industry average, he said.
To me, even with that, they have ample inventory.
--
His Omnipotence Barack Hussein Obama, declared himself "Pooptator" of all
mentally ill homosexuals and crossdressers, while declaring where they
will defecate.
Obama increased total debt from $10 trillion to $19 trillion in the seven
years he has been in office, and sold out heterosexuals for Hollywood
queer liberal democrat donors.
Barack Obama, reelected by the dumbest voters in the history of the United
States of America. The only American president to deliberately import a
lethal infectious disease from Africa, Ebola.
Loretta Fuddy, killed after she "verified" Obama's phony birth
certificate.
Obama ignored the brutal killing of an American diplomat in Benghazi, then
relieved American military officers who attempted to prevent said murder
in order to cover up his own ineptitude.
Obama continues his muslim goal of disarming America while ObamaCare
increases insurance premiums 300% and leaves millions without health care.
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