US Auto Sales June – The Japanese Big 3 Outperform
Key Points
- US auto sales fall 3% YoY in June, with light truck sales up 4.1% YoY and passenger car sales down 13.2% YoY
- SAAR 16.51 mil, lowest since Apr 2005
- Lower replacement demand, lower fleet sales, higher interest rates and increasing competition from cheaper second-hand cars continued to weigh on the auto market
- Incentives by the Japanese are higher than the Detroit 3
- Toyota (7201) sales +2.1%, Honda (7267) +0.8%, Nissan (7201) +2.0% vs the Detroit 3 (which are all down)
- Subaru (7270) sales +11.7%, but incentives are up 63% YoY
- Mazda (7261) sales -14.7%, as it maintained price discipline
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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