Cruze sales down again in December

Mindy Sparks
January 12, 2018

But even with the decline, the industry sold 17.2 million cars, making 2017 the fourth-best sales year in US history, after 2000, 2015 and 2016, according to Kelley Blue Book. The automaker sold 12,615 vehicles in December - a decrease of 7.6 per cent from the previous year - but saw its overall 2017 sales increase by 3.1 per cent to 224,547.

Canada sold 302,826 vehicles in 2017, up 13.3 percent over the previous year, the company said, contrasting with sales in the much bigger USA market where the Cadillac maker recorded a fall of 1.3 percent. Toyota Motor Corp.'s RAV4 was the leading sport utility vehicle for the first time and joined Nissan Motor Co.'s Rogue crossover in outselling all passenger cars in what was a bleak year for sedans. F-Series sales rose 9 percent for the year, in part because of post-hurricane demand in Texas and Florida.

Ford held onto the top Canadian sales spot in 2017, despite seeing its December sales drop by 11.3 per cent.

- LUXURY CROWN: Mercedes-Benz's sales fell 1 percent to 337,246, but that was still enough to make it the top-selling luxury brand in the USA for the second straight year.

Investors were pleased GM had cut its inventory of unsold vehicles - a concern for the industry earlier in 2017 - at the end of December to 63 days supply unsold vehicles, beating its target of about 70 days supply.

Analysts predict new auto sales will decline even more this year.

"It's still a buoyant industry and the underlying factors that drive it are still very positive", said Mark LaNeve, Ford Motor Co.'s US sales chief.

Ford says, even with bitter temperatures and snow, it saw strong sales in the last 10 days of December. Automakers are releasing monthly and annual sales numbers Wednesday.

Ford's US sales rose 0.9 percent in December, fueled by 89,385 F-Series pickup trucks.

A promising note for FCA in December was that Alfa Romeo sold 2,034 units were up significantly compared with the same month a year ago and recorded its strongest monthly sales of 2017 and actually outsold the Fiat brand. Fiesta sales fell by 3% and Fusion sales fell 8.8% year over year. One reason is the trend of moving into SUVs and trucks continues. Honda division saw its sales drop last month by 6.3%, but came in with a 0.7% jump for all of 2017.

Analysts think sales will fall a bit further this year.

But GM said it expected the industry to sell less than 17 million new vehicles in 2018. Volkswagen's dropped 19 percent.

Other reports by Iphone Fresh

Discuss This Article