F-Pace.....1440 May -- 8058 YTD
Jaguar.....3113 May - 17719 YTD
LR...........4993 May - 30079 YTD
JagLR...... 8106 May - 47798 YTD
U.S. Auto Sales Brand-By-Brand Results: May 2017 YTD
TTAC - By Timothy Cain on June 1, 2017
Chart @ site
U.S. auto sales were essentially flat in the fifth month of 2017 as May new vehicle volume was let down by significant passenger car declines but bolstered by significant pickup truck volume.
Despite a drop in incentives, U.S. sales of full-size pickups jumped 10 percent in May 2017. General Motors’ pickup sales continued to decline, but big gains at Ford, Ram, Toyota, Nissan, and Honda masked losses across much of the industry.
At Hyundai, total sales plunged 18 percent. Hyundai’s Korean partner, Kia, fell 7 percent. Jeep was down 15 percent. At General Motors, where inventory remains in excess of the norm, sales were down marginally, 1 percent, in May.
Nevertheless, the industry didn’t fall far in comparison with May 2016, the fifth month of the highest-volume year in the industry’s history. But May of last year was a particularly poor month by its historical standard. Despite the boom theme of the 2016 calendar year, May 2016 sales had fallen 6 percent compared with May 2015 levels.
Fast forward to 2017 and the auto industry is a general state of decline in the United States. The overall numbers aren’t low, but the trend line is not favorable. With May 2017’s 0.5-percent dropoff, sales have now declined, year-over-year, in five consecutive months. Incentives in May 2017 were 9 percent higher than in May 2016, but average transaction prices rose just 1 percent, according to ALG.
Last month, for the first time since March of last year, Ford Motor Company outsold General Motors. (On a pure retail score, GM still outsold FoMoCo by more than 33,000 units, though factoring out fleet demand for models such as the F-Series doesn’t show Ford’s true picture.) Excluding niche brands, the fastest growth was reported by Buick, Ram, Infiniti, and Subaru. The Ford F-Series led all new vehicles in total sales. The Honda Accord was tops among cars; the Toyota RAV4 led all SUVs/crossovers.
Nissan, Ford, Honda sales UP on strong truck volume; GM, Toyota, FCA decline
Automotive News - David Phillips - June 1, 2017 UPDATED
U.S. light-vehicle sales dropped in May, even with higher discounts and strong truck demand, as the auto industry limped from one key selling season to another.
Ford, Nissan and Honda posted U.S. sales increases in May while General Motors, Toyota, FCA and Hyundai-Kia fell as the industry fell short of capturing its first monthly sales gain of the year.
Ford Motor Co.'s 2.3 percent advance, aided by fleets, marked its first increase since December. Nissan North America benefited from a spike in discounts in recording a 3 percent jump. GM dropped 1.3 percent as the company continued to dial back on shipments to daily rental agencies. After five months, Toyota Motor Corp., Fiat Chrysler and Hyundai-Kia are still looking for their first advance of 2017.
Without results from Daimler AG, May volume slipped 0.3 percent.
Analysts say truck sales remained strong, even after they dipped in April, while weak car demand persisted in May.
"While demand for new vehicles is sill relatively strong, it's a bit of smoke and mirrors," said Jessica Caldwell, head of industry analysis at Edmunds. "Dealers and automakers really pushed the deals over the holiday weekend to prop up their May numbers. Incentives were up sharply, and it seems automakers are putting more cash on the hood to nudge car shoppers to buy versus lease."
Light-vehicle sales across the industry were forecast by analysts to rise slightly last month.
But the seasonally adjusted, annualized rate of sales was projected by GM today to fall to 16.6 million, down from 17.2 million in May 2016, on weaker fleet volume across the industry. A survey of 11 analysts by Bloomberg in late May put the average estimate for May's SAAR at 16.8 million.
Either way, May would be the third straight month the SAAR has come in below 17 million after six months above that figure. Last year's sales total of 17.54 million was a record.
Edmunds' Caldwell said finance incentives rose 33 percent year over year in May, compared with a 28 percent jump in lease incentives and an 18 percent increase in cash incentives.
Company by company
Nissan's advance was led by Infiniti, up 16 percent, while volume rose 1.9 percent at its namesake brand. The May results follow a 1.5 percent decline in Nissan's April volume, its only decline this year.
Nissan's average incentive on a new light vehicle rose 19 percent last month to $3,867 from May 2016 levels, ALG estimates.
At Ford, deliveries rose 2.3 percent, with volume up 2.2 percent at the Ford division and 4.9 percent at Lincoln. Ford's retail sales slipped 0.8 percent while fleet shipments jumped 8.4 percent, with daily rental deliveries surging 24 percent. Ford also outsold rival GM, by nearly 2,900 cars and light trucks, for the first time since March 2016.
GM said May sales dropped 1.3 percent behind a decline of 3.8 percent at Chevrolet and 5.2 percent at GMC. Volume rose 29 percent at Buick and 9.2 percent at Cadillac. GM's retail sales rose slightly to 191,388 vehicles last month while fleet volume dropped 36 percent.
Toyota sales fell 0.5 percent to 218,248 , with the Toyota division eking out a 0.1 percent gain while Lexus suffered a 4.8 percent drop.
FCA deliveries notched down 0.9 percent. Jeep fell 15 percent while Fiat took a 16 percent hit and the Chrysler brand was off 1.8 percent. Ram led FCA with an 18 percent improvement while Dodge rose 8.4 percent. Alfa Romeo sold 919 vehicles during the month compared with 44 a year ago.
The VW brand stretched its winning streak to seven months with a 4.3 percent gain in May.
At Subaru, May volume rose 12 percent as the automaker continues to roll toward another annual U.S. sales record. Mazda said deliveries slipped 7.9 percent while sales edged up 4.5 percent at Mitsubishi.
Among other luxury brands, volume rose 2.5 percent at Audi, 5 percent at Porsche, 44 percent at Jaguar, 0.9 percent at Land Rover and 12 percent at Volvo.
While the economy and employment continue to grow, U.S. sales are on track to fall in 2017 for the first time since 2009 -- ending a string of seven annual gains for the industry, the longest such run in a century.
Deliveries fell 2.4 percent in the first four months of the year. Only eight automakers -- Subaru Corp., Daimler AG, Mitsubishi Motors Corp., Tesla Inc., Nissan Motor Co., Volkswagen AG, Mazda Corp., and Jaguar Land Rover -- had generated higher U.S. sales through April.
"Retail numbers for May are expected to finish strong; however they continue to be supported by considerable incentives and lease subvention," Kelley Blue Book analyst Tim Fleming said. "In recent months, leasing appears to be reaching its peak, which is expected, given declining residual values."
Incentive spending continues to rise, averaging $3,583 per vehicle in early May, an increase of $241 from May 2016 and a record for the month, J.D. Power and Associates says. Average light-truck spiffs rose $187 to $3,358 and car incentives increased $344 to $3,942.
And in a sign that inventories continue to climb, J.D. Power says the industry's average rose above 70 days in May for the first time since 2009. And more than 27 percent of new vehicles sold in early May sat on dealer lots for more than 90 days, up from 25 percent in May 2016.
ALG estimates that incentive spending averaged $3,435 last month, an increase of 9.5 percent over May 2016, with GM, Ford, FCA and Volkswagen Group the biggest spenders among broad-line automakers.
ALG has reduced its outlook for U.S. light-vehicle sales this year to 17.2 million from 17.4 million.
Analysts say deals are getting more generous on remaining 2016 cars and light trucks as well as some 2017 models.
A sample of some of the deals offered last month:
• In some California markets, Honda waived the first three monthly payments on the 2017 HR-V.
• $7,500 off a 2016 Ford F series SXT.
• 2017 Dodge Charger R/T lease for $249 a month for 36 months and $1,950 due at signing.
"Automakers, particularly GM, continue to work through elevated inventory levels with near record incentive spending," said Eric Lyman, chief industry analyst for ALG. "However, on a month-over-month basis, automaker discounting is down and fleet mix continues to decline, both signals that the industry is adapting to lower overall sales volumes."
[ Incentive Spending Chart see post#2
[ Full Sales Table attached