US Auto Sales February Fall 1.1% to 1.33mil units / SAAR 17.58mil units
Light Trucks now Account for Almost Two Thirds of US Sales
US auto sales fell by 1.1% YoY to 1.33mil vehicles in February, with the performance gap between passenger cars and light trucks widening further: Car sales fell by 12.1% YoY, while light trucks rose by 6.9% YoY, now accounting for 62.3% of total sales. With 17.58mil units, SAAR is currently at the upper range of expectations; however, one of the main reason for a cautious view on 2017 sales, higher interest rates, has not yet materialised, but could hurt sales later this year. For the Japanese assemblers, we saw in January, they outperformed again, with only Toyota posting a sales decline:
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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