US Auto Sales for June 2017: Is Optimism Alive?

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Part 8
US Auto Sales for June 2017: Is Optimism Alive? PART 8 OF 16

What General Motors’ US Sales Pointed to in June

June 2017 US auto sales

Previously, we saw that Ford Motor (F) reported a solid home market truck and SUV (sport utility vehicles) segment sales in June 2017. Continued demand for the company’s recently launched F-Series Super Duty truck is also helping Ford boost its total US truck segment sales. Now let’s see how General Motors’ (GM) US sales fared in June 2017.

What General Motors&#8217; US Sales Pointed to in June

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General Motors’ June sales

In June 2017, GM’s total US vehicle sales stood at 243,155 vehicle units, about 4.7% lower than sales in the corresponding month of 2016. Its June US sales were much higher than Ford’s (F) sales figures of 227,979 units for the month.

GM’s total US sales in May fell about 51.3% YoY (year-over-year) to 237,364 units, primarily due to a weakness in its US fleet sales. May was the first month in 2017 when Ford’s US sales were higher than GM’s US sales.

Last year, GM was the third-largest automaker (FXD) in the world by sales volume. At the same time, Toyota (TM) and Volkswagen (VLKAY) were ahead of GM in terms of sales volumes.

Weakness in retail sales

General Motors’ US retail vehicle sales in June 2017 were 202,908, a 3.1% fall compared to June 2016. On the brighter side, GM’s June retail sales for its crossover segment rose significantly by 23.0% YoY.

In the first quarter of 2017, GM’s retail sales rose 5.0% YoY. However, in two of the three months of 2Q17, the company’s retail sales fell.

GM’s YTD (year-to-date) retail sales also fell slightly by 0.30% YoY at 1,133,045 vehicle units in June.

In the next part, we’ll look at GM’s segment-wise retail sales in June 2017.


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