Tag Archives: David Oakley

US Light Vehicle Sales up Again in November 2023

Posted on 4 December 2023 by Ken Zino

US Light Vehicle (LV) sales grew by 8.5% year-on-year (YoY) in November, to 1.22 million units, according to preliminary estimates from the respected consultancy GlobalData.* The daily selling rate was estimated at 48,900 units/day in November, compared to 48,200 units/day … Continue reading →

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What Strike? September US Vehicle Market Grows Sharply

Posted on 4 October 2023 by Ken Zino

US light vehicle (LV) sales grew by 19.7% year-on-year (YoY) in September, to 1.34 million units, according to the latest analysis by the respected GlobalData consultancy. The UAW Big Three Strike that began halfway through September has thus far had little apparent effect. However, YoY comparisons are supercharged because of a low base of weak September 2022 sales. Ironically, Labor Day sales appears to bolstered sales. Continue reading →

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US Sales Lengthen Bidenomics Growth Streak in July

Posted on 3 August 2023 by Ken Zino

“At the risk of sounding like a broken record, July continued the trends that we have observed for several months now. As vehicle availability has improved, sales have grown, and the economy remains sufficiently strong to support the market’s activity, despite high transaction prices, rising interest rates and fears of a recession later in the year or in 2024,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading →

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June 2023 US Light Vehicle Sales Up Significantly

Posted on 6 July 2023 by Ken Zino

The first half of 2023 has US LV sales estimated to have increased by 13.1% YoY, to 7.68 million units as the Biden Administration recovery continues. Continue reading →

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US Auto Sales Soar in May

Posted on 2 June 2023 by Ken Zino

“After a particularly robust result in April, it would not have been surprising if May sales were a little disappointing, but instead, we interpret May’s outcome as another encouraging one for the industry,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading →

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US Light Vehicles Sales in January 2023 Weak at 1 Million

Posted on 3 February 2023 by Ken Zino

The usual problems remain – record high transaction prices, economic uncertainty, the Federal Reserve’s determination to send the economy into a recession via its ongoing interest rate increases, skimpy inventory caused by supply chain disruptions for some major automakers, notably Ford and Toyota – all make for a rerun of the flop show Pandemic Blues. So good luck reopening that show in 2023 with the same cast and plot. Continue reading →

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2022 US Light Vehicles Sales Worst Since 2011

Posted on 6 January 2023 by Ken Zino

However, December posted the highest volumes of 2022, ahead of March by ~26,000 units. The daily selling rate was estimated by LMC as 47,500 units/selling day, compared to 44,900 units/selling day in November. LMC thinks that shows how the annualized selling rate was affected by the historical seasonality rather than the pace of sales necessarily slowing down. According to preliminary estimates, retail sales totaled around 1,057,000 units, unchanged from December 2021, while fleet accounted for approximately 225,000 units, representing 17.6% of the total market. Continue reading →

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November US Light Vehicle Sales Up. Uncertainty Remains

Posted on 2 December 2022 by Ken Zino

General Motors led the market, with a 17.6% share, 2.4 pp ahead of Toyota Group. Stellantis saw the largest YoY decline of the major automakers, down by 13.2% YoY. Honda Group continued to struggle with a -6.1% YoY drop. Continue reading →

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US October Light Vehicle Sales Grow 11.4% to 1.2 Million

Posted on 2 November 2022 by Ken Zino

The market viewed by automaker shows that Mercedes-Benz enjoyed the strongest YoY growth in October, with a 53.0% YoY gain. Among higher-volume manufacturers, General Motors showed the strongest growth, up by 51.2% YoY. GM also led the market, with a 17.2% share, 0.9 percentage points (pp) ahead of Toyota Group. Honda Group’s struggles continue with sales down by 16.0% YoY. Stellantis and Ford Motor also saw YoY declines, of 14.0% and 10.2%, respectively. Continue reading →

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