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Wednesday 28 September 2016
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Report: March National Auto Sales Results

Report: March National Auto Sales Results

U.S. light-vehicle sales rose 3.1 percent in March, but the pace of deliveries slowed considerably as retail growth slackened during the month, even with a spike in discounts. Some automakers and analysts blamed an early Easter holiday for putting a dent in late-March showroom traffic and retail sales.

Nissan, Honda, Fiat Chrysler and Ford Motor chalked up solid U.S. sales gains as higher spending on incentives and strong demand for light trucks lifted the industry to another monthly advance.

Nissan North America led the way with a 13 percent jump in March deliveries. Volume rose 9.4 percent at American Honda Motor, with sales up 11 percent at Honda Division and 1.2 percent at Acura.

FCA US and Ford Motor Co. each came in with advances in the 8 percent range. General Motors’ deliveries rose 0.9 percent while again touting a rise in retail sales and a drop in less-profitable fleet deliveries. Volume dropped for the second month this year at Toyota Motor Sales U.S.A.

Volume at Nissan Division advanced 13 percent to a record 149,784 cars and light trucks. Deliveries rose 10 percent at Infiniti.

Overall, the Nissan group’s car volume rose 13 percent in March while truck sales jumped 12 percent. Nissan’s U.S. incentives averaged $3,362 a vehicle last month, an increase of 5.6 percent over March 2015, TrueCar estimated.

At Ford Motor Co., sales increased 7.8 percent, with volume rising 7.6 percent at the Ford division and 11 percent at Lincoln. Across the Ford and Lincoln lineups, truck volume rose 11 percent, utility vehicle sales jumped 14 percent and car deliveries skidded 1.6 percent last month.

FCA US (Fiat Chrysler), led by another strong month for Jeep and higher discounts, posted an 8.1 percent rise in March U.S. sales, marking the 72nd consecutive month that the company’s U.S. deliveries have advanced year over year.

Volume advanced 15 percent at Jeep and 11 percent at the Ram and Dodge brands, while deliveries skidded 13 percent at the Chrysler brand and 24 percent at Fiat, FCA said.

Overall, the company’s light-truck sales rose 23 percent while car volume skidded 34 percent.

At GM, volume rose 1.4 percent at Chevrolet and 6.9 percent at GMC, while deliveries dropped 11 percent at Buick and 5.1 percent at Cadillac.

GM this year is scaling back rental shipments to focus on retail volume. The company said it delivered 193,524 vehicles to individual or “retail” customers in March, an increase of 6 percent. The gains reflect a 7 percent increase in retail volume at Chevrolet and a 13 percent jump at GMC — the automaker’s two biggest divisions.

In the first quarter, GM said U.S. daily rental sales dropped by approximately 43,000 cars and light trucks, or about 36 percent, compared to the first three months of 2015.

Toyota Motor Corp. reported March sales of 219,842, a drop of 2.7 percent. Toyota Division volume dipped 2.7 percent to 189,644 and Lexus deliveries skidded 2.8 percent to 30,198.

At the Volkswagen Group, sales dipped 10 percent at the VW brand, where U.S. volume has skidded five straight months as the company grapples with emissions violations and a ban on sales of some diesel models. Audi racked up an increase of 7.5 percent, its 77th monthly gain in a row.

Among other automakers, sales rose 0.4 percent to a record 75,310 at Hyundai, 14 percent at Mitsubishi, 16 percent at Volvo and 0.4 percent at Subaru. Deliveries fell 13 percent at the BMW Group, 3.6 percent at Daimler AG and 0.8 percent at Kia.

U.S. light-vehicle deliveries, aided by low gasoline prices, rising discounts and favorable financing terms, have climbed 3.3 percent this year through March after rising 5.7 percent to a record 17.47 million in 2015.

New-vehicle sales continue to be fueled by incentives, elevated leasing and long-term loans. Low gasoline prices continue to drive demand higher for pickups, SUVs and crossovers while car sales remain weak. In March, light-truck volume surged 12 percent while car deliveries slipped 6.6 percent.

Ford outsold GM by 936 light vehicles last month and fleet shipments accounted for the difference, with Ford’s rising 39 percent and GM’s dropping 13 percent.

Photo Credit: Shutterstock