sales

Automotive industry rebound falters in August as sales slip

The U.S. auto industry took yet another tumble in August. Those manufacturers who still announce their sales figures at the end of each month reported declines pretty much across the board. Per industry analysts, transaction prices slipped slightly in August compared to July as well, despite a nearly 4-percent increase over last year’s average. There were two fewer selling days in August this year, contributing to reported declines. 

Toyota on Tuesday reported a 23% drop in U.S. new vehicle sales in August versus the same month in 2019, as a two-month industry-wide shutdown of auto production in the spring to halt the spread of COVID-19, as well as an uncertain economic recovery, weighed on sales. This was Toyota’s fifth straight month of U.S. sales declines.

South Korean automaker Hyundai said its U.S. sales fell 8.4% in August, largely due to a decline in fleet sales to rental car companies, government

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PH automakers’ group enjoy sustained sales uptrend in July

While the local automotive industry has yet to fully rebound from the huge slump caused by the turnout of events earlier this year, a major local carmaker’s group has opened the third quarter on a significantly positive note.

Based on the joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), vehicles sales for July reached 20,542, representing a 31.9 percent jump over the 15,578 units sold back in June.

However, it is still down by 35.4 percent when compared to the 31,810 units delivered in the same month last year.

On a year-to-date comparison, the group only rolled out 105,583 units—which is a 48.7 percent drop from the 205,945 units attained for the first seven months of 2019.

Motorcycle EDSA
Motorcycle EDSA

Despite all the negative numbers, CAMPI President Atty. Rommel Gutierrez expressed high hopes with the recent sales achievement

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Car sales rebound eases pressure on automotive sector

Cars awaiting export
Cars awaiting export

Motorists returning to car showrooms after lockdown ended drove the first rise in sales of new vehicles this year, with an 11.3pc rise in registrations last month.

Almost 175,000 new cars were purchased in July following a near-total collapse in the market over the previous months as coronavirus put a brake on transactions.

The rise came in the first full month of dealerships being open. Although dealers in England were allowed to reopen their doors from June 1, it was not until later in the month that Scotland and Wales eased lockdown restrictions.

July’s rise is compared with the same month a year ago and follows declines in March, April, May and June of 44.4pc, 97.3pc, 89pc and 34.9pc respectively.

Production of cars in the UK has also fallen to its lowest level since 1954.

The Society of Motor Manufacturers and Traders (SMMT) that collated the

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Full-Size Pickup Sales Help Keep U.S. Auto Industry Afloat

From Road & Track

Welcome to The Grid, R&T’s quick roundup of the auto industry and motorsports news you should know this morning.

Full-Size Pickup Sales Help Keep U.S. Auto Industry Afloat

The COVID-19 pandemic had a huge negative effect on U.S. auto sales in the second quarter, but full-size pickups continue to move. Automotive Newsreports that while U.S. new vehicle sales decreased by a third last quarter, full-size pickups became the most popular segment in the country, beating out compact crossovers. “Even when the vehicle market goes completely sideways, the truck market stays straight and true,” Karl Brauer, Kelly Blue Book Executive Editor told Automotive News. Mid-size pickups are doing well, contributing to this amazing statistic—one in every four non-luxury brand U.S. auto sale in Q2 was a pickup of some sort.

Pickup sales were down in Q2, but not down as much as in other

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