June Gloom

The auto manufacturer reported U.S. auto sales for June on Tuesday, and it wasn’t pretty. Sales plunged 18.3 percent from a year ago, as consumers—beset by inflation, credit woes and sky-high gas prices—stayed away from car lots.

For the first six months, sales are down 10.9 percent year over year, which represents the worst half-year auto sales performance since at least 1993.

The losses at the majors: Chrysler LLC – down 35.9% Ford Motor Co. – down 27.8% Toyota Motor Corp. – down 21.4% General Motors – down 18.2% Nissan Motor Co. – down 17.7% Honda Motor Co. – up 1.1%

All three Detroit manufacturers are working to reduce production of their largest vehicles, though lack of availability of small cars hurt sales.

Some predicted that Toyota would, for the first time, sell more cars in a month than GM. However, GM reported selling 262,329 vehicles for the month, compared with Toyota's 193,234.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.