Auto Sales Decline 2.3% in First Half of 2017 | Edmunds

Auto Sales Decline 2.3% in First Half of 2017


New-vehicle sales in the U.S. dropped 2.3 percent in the first half of 2017 compared to the same period last year, and June marked six consecutive months of decline.

Automakers sold a total of 8.4 million vehicles last month. That's 193,000 fewer than in June 2016.

Among major manufacturers, Honda, Nissan and Toyota showed modest year-over-year gains in June, while the Detroit Three all posted downturns. Toyota and Nissan each reported sales increases of around 2 percent (202,376 and 143,328 units sold, respectively) over June 2016, and Honda's sales (139,793 units) were up about 1 percent. Fiat Chrysler sales (187,348 units) were down 7 percent compared to this time last year, and GM and Ford each fell off by about 5 percent (with sales of 243,155 and 227,166 units).

The best-selling car in June was the 2017 Honda Civic, with 30,909 units sold, and the top seller among trucks was the 2017 Ford F-150 pickup, which posted sales of 71,752 units.

Despite the seemingly gloomy sales picture, the Edmunds forecast remains unchanged for the remainder of the year.

As previously reported, Edmunds analysts forecast that U.S. vehicle sales will total 17.2 million units this year. Although that would be a 2 percent drop from the record high in 2016, it would still result in the fourth best year for auto sales in U.S. history.

The second-half surge is expected to be driven by sales of SUVs and crossovers, which remain popular with a wide range of buyers. Inventories of these models have increased, and as a result manufacturers have begun offering increasingly attractive sales incentives, which should help fuel an overall industry rally.

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