This is new a fact, the US new car market is on fire this year. Sales are up 9% year-on-year in July to 1,153,682 registrations, bringing the year-to-date total to 8,425,842 units, up an impressive 14% on 2011 and on course to hit 14 million by the end of the year for the first time since 2007. Sales are pulled by Honda (+47% year-on-year off a low, tsunami-affected base), Toyota (+27%), Nissan (+16%) and Chrysler (+13%) while Ford (-6%) and General Motors (-4%) drop. All in all, sales of Japanese and South Korean manufacturers hit a huge 46.9% this month vs. 42.8% a year ago and vs. 43.1% for Chrysler, Ford and GM combined!
The Ford F-Series lodges its 12th consecutive month of year-on-year gain at +0.4% and 49,314 sales, 65% above the #2, the Toyota Camry up one spot on June and 11% year-on-year to 29,913 units. The Chevrolet Silverado is down 12% to #3 and 28,972 sales. Honda illustrates its impressive brand performance with the Accord up 70% to #4 with 28,639 units and the Civic up 78% at #6 and 25,004 sales.
The Nissan Altima is back in business with the new model now available in dealerships across the country: it is up 7 spots on June to #5 with 26,602 units. Hyundai also delivers a very solid month, with the Sonata up 3 spots to #11 with 20,978 sales and the Elantra up 4 to #14 with 18,512. In the year-to-date ranking, notice now 2 Hondas in the Top 5 with the Civic at #4 and the Accord at #5. Finally, after a record month in June, the Chevrolet Malibu falls outside the Top 20 at 12,345 units.
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