November 2018 US auto sales
According to MarkLines Data Center, US auto sales stood at 1.39 million units in November, down 0.8% from 1.40 million units in November 2017. While passenger car sales fell 13.9% in the United States, light truck sales rose 6.1% YoY (year-over-year) last month.
In the first 11 months of 2018, US light vehicle sales rose slightly by 0.1% YoY to 15.65 million vehicle units with the help of continued strength in sport-utility vehicle and truck demand.
Foreign automakers in the United States
According to 2017 US light vehicle sales volumes, Japanese auto giant Toyota Motor (TM) maintained the third position in the US market. TM replaced Italian-American giant Fiat Chrysler Automobiles (FCAU) in 2016. FCAU was in the third spot in 2015.
Other than Fiat and Toyota, Japanese car and motorcycle maker Honda Motor Company (HMC) is one of the key players in the US auto market (IYK). In 2017, Honda registered its third straight year of positive YoY growth in its US market sales, unlike other legacy auto companies.
Foreign auto stocks in December
Fiat Chrysler stock has largely traded on a negative note and has fallen ~7.3% in December. On December 18, it was down 11.1% in the quarter so far. In contrast, Toyota’s and Honda’s American depositary receipts have fallen 3.5% and 10.6%, respectively, in the fourth quarter so far. Meanwhile, General Motors (GM) has risen 3.7%, and Ford Motor Company (F) has fallen 8.4% in the quarter so far.
Uncertainties related to ongoing US-China trade talks and concerns about slowing global economic growth could be the key reasons why foreign automakers are trading on a mixed to negative note.
In the third quarter, Toyota fell 3.5%, and Honda rose 2.8% compared to the 7.2% gain in the S&P 500 benchmark. Read on to the next article to learn about Fiat Chrysler’s US sales data in November.