US auto sales and market share for May 2004

Friday, 04 June 2004 12:07:00 (GMT+3)   |  
       

US auto sales and market share for May 2004

According to a recent report by Reuters, U.S. light vehicle sales totals and market share listed for May are as per the following. The May results are compared with previous year same month results and year-to-date figures with previous year-same period results. Percent changes are based on the daily sales rate.
 
                      May 2004          May 2003    % CHG 
Total Industry        1'629'750         1'576'180     +7.4%
Domestic Car            539'614           533'549     +5.0%
Domestic Truck          790'390           750'119     +9.4%
Import Car              204'062           193'289     +9.6%
Import Truck             95'684            99'223     +0.1%
Dom+Imp Car             743'676           726'838     +6.3%
Dom+Imp Truck           886'074           849'342     +8.3%
Dom Vehicles          1'330'004         1'283'668     +7.6%
Imp Vehicles            299'746           292'512     +6.4% 
             
                      Year to date      Prev. Year   % CHG 
Total Industry        6'963'091          6'749'263    +3.2%
Domestic Car          2'289'647          2'312'469    -1.0%
Domestic Truck        3'323'762          3'111'295    +6.8%
Import Car              873'177            882'722    -1.1%
Import Truck            476'505            442'777    +7.6%
Dom+Imp Car           3'162'824          3'195'191    -1.0%
Dom+Imp Truck         3'800'267          3'554'072    +6.9%
Dom Vehicles          5'613'409          5'423'764    +3.5%
Imp Vehicles          1'349'682          1'325'499    +1.8% 
         
Seasonally adjusted annual rate (Millions): 
                  May 2004              May 2003 
Vehicles         17.83  Share          16.32  Share
Dom. Car          5.69  31.9%           5.38  33.0%
Dom. Truck        8.70  48.8%           7.83  48.0%
Imp. Car          2.34  13.1%           2.07  12.7%
Imp. Truck        1.09   6.1%           1.04   6.4% 
Despite concerns regarding high gasoline prices, US consumers' interest especially for gas-guzzling vehicles continued last month. Americans bought 3% more vehicles y-o-y, making May the best sales month in nine months. A major part of the sales consisted of popular four-wheel-drives, high mileage pickups and off-road sport utility vehicles. General Motors Corp said a double-digit surge in demand for its trucks increased its May sales by almost 3% compared with 2003. Toyota had its best US sales month in 47 years and Chrysler Group sales in May were up 1.3% y-o-y. Honda vehicles sales increased by 2.0% over a year ago. Ford, however, experienced a decrease of 3% in its sales in May.

Tags: Consumption 

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