May US Auto Sales – Further Evidence for Market Weakness
US auto sales dipped 0.5% YoY to 1.51mil vehicles in May, as rising demand for light trucks (+6% YoY) was not sufficient to offset weaker passenger car sales (-9.3% YoY); dsr-adjusted sales fell by 4.4% YoY. Sales results and May’s SAAR level of 16.66mil units came in below expectations. It was the third month in a row with a SAAR level of below 17mil units. A further sign of deteriorating conditions were the rise in incentives, up 9.5% YoY, according to ALG estimates.
Analyst Julie Boote discusses key factors behind the performance of the Japanese makers. Included in the report is a table showing the performance for all automakers and a chart of SAAR trends.
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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