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Richard Read
2 Comments1,401 viewsJun 2, 2016Follow Richard
May 2016 & May 2015 auto sales by segment (via Wall Street Journal)May 2016 & May 2015 auto sales by segment (via Wall Street Journal)
The numbers are in, and as expected, May's auto sales stats are nothing to write home about. Is this a sign that America's headed toward a recession repeat?
For tl;dr types, the answer is: probably not, but we may be witnessing a cool-down in the country's red-hot auto market.
Auto sales in the tank?
Without question, sales were off for most car companies last month--in fact, the year-over-year drop of six percent is the biggest tumble we've seen since August 2010. Comparing the Wall Street Journal's numbers from May 2016 with May 2015, those in the red included (in order of U.S. market share):
General Motors (down 18 percent)
Ford (down 6.1 percent)
Toyota (down 9.6 percent)
Honda (down 4.8 percent)
Nissan (down 1 percent)
Mazda (down 4.3 percent)
Mitsubishi (down 5.7 percent)
Mercedes-Benz (down 0.6 percent)
Volkswagen (down 17.2 percent)
BMW (down 6.4 percent)
Fiat (down 18.9 percent)
Land Rover (down 8 percent)
Mini (down 21.2 percent)
However, there was more than a little upward movement, too:
Fiat Chrysler (up 1.5 percent)
Hyundai (up 11.6 percent)
Kia (up 0.8 percent)
Subaru (up 1.1 percent)
Volvo (up 10.2 percent)
Audi (up 1.6 percent)
Porsche (up 7.3 percent)
Tesla (up 55.3 percent)
Jaguar (up 79.7 percent)
Like how Jaguar re-branded and redesigned everything about them now they are doing numbers. Nice
Good. I hope that car sales continue to decline. It's the only way that these car companies will get the message that $30,000 is too much for a mid-size sedan.
prior gen cars were muck.
Hyundai up tho [emoji]133664207351[/emoji]
Like how Jaguar re-branded and redesigned everything about them now they are doing numbers. Nice
Been plotting on that F-Pace for the wife.
BTW I have no real hate for BMW, but I think the decline is because the cars are too ******* expensive..........
Audi sales are going to go up also, from a technology standpoint they are leading the pack...................
Yeah man and one of their most expensive flagship cars that 7 series is getting ******* on by the S Class ...as always so BMW will always take an L there.
Id have to disagree and say Mercedes is leading the pack in technology but Audi is next up
S Class ***** on everybody though............
As far as big body..........
Benz interiors are crazy these days also.......they got the full panel dash but better tech wise than Audi? ill have to look into that some more I can't agree with that statement
Confirmed. My S-type and my XJ were the wake up call for me. I promissed myself that I would never buy luxury autos again after those two. Since then I've purchased a honda, dodge, and Chevrolet and all of them have been excellent.prior gen cars were muck.
agreed. I have saved tens of thousands by purshasing relible, pre-owned cars. I keep them maintained, and plan to drive them untl the wheels fall off.Consumers are getting smarter. They are buying used and holding on to their cars for longer periods of time. The banks have been rawdogging us for so long with credit cards, mortgage and loans that people aren't taking it anymore. The system will still make money of the short sighted people that take advantage of "no money down but $600 car monthly payments" but the truly woke have had enough. No longer going into deep debt for something that depreciates in value as soon as you drive it off the lot. Stick it to the man, get educated and buy used.