Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
web
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Latex
    • Coronavirus
    • Executive Action
    • Government/Legal
    • Opinion
    • Technical Notebooks
    • Women in Tire & Rubber
    • ITEC
    • International Elastomer Show
    • HEXPOL Sponsored Content
    • Kuraray raising elastomer prices again
      Federal approved as 5th Formula Drift tire supplier
      Hexpol acquiring Spanish rubber compounder Unica
      Tire prices rising: Is it a sign of more to come?
    • Apollo isn't planning U.S. tire plant—yet
      Federal approved as 5th Formula Drift tire supplier
      Falken, Ohtsu, Dunlop tire prices rising May 1
      Tire prices rising: Is it a sign of more to come?
    • Evco Plastics buys Georgia plant to add LSR, white room molding
      Annual CAR MBS will be held as hybrid event
      Goodyear Ventures, partnerships carrying tire maker into the future
      Cancarb recognized for sustainability efforts
    • Kuraray raising elastomer prices again
      AirBoss unveiling high heat-resistant EPDM
      Synthomer launches Asia innovation center in Malaysia
      Hexpol acquiring Spanish rubber compounder Unica
    • AirBoss unveiling high heat-resistant EPDM
      Evco Plastics buys Georgia plant to add LSR, white room molding
      Saint-Gobain unveils new silicone tubing for food, beverage market
      New Products: 3M rolls out new silicone adhesive for medical use
    • Titan Tire to offer free COVID-19 vaccines at Iowa facility
      Bridgestone hosts vaccination events for plant employees
      USTMA reveals data showing COVID-19 impact on tire industry
      China sees energy opportunities in post-COVID recovery
    • Motion Industries promotes industry veteran Jim May
      Hutchinson names new chairman, CEO
      Eagle Elastomer taps three to join executive team
      Motion Industries names VP for the automation segment
    • Avon Rubber expects 40 percent rise in half-year sales
      Top Glove says U.S. withhold order bears no financial impact
      AirBoss gets U.S. glove pact worth up to $576 million
      House Democrats seek to expand loan program for fuel-efficient vehicle projects
    • Column: Ramping up to an RPN milestone
      Our view: It may be time to rethink, rebuild supply chains
      Editorial: Auto industry's rebound a bright spot in difficult year
      Future looks positive for Goodyear-Cooper combo
    • Material to give tire compounds lower density, lower hysteresis and improved wear
      Technical notebook: How to control porosity in extruded EPDM dense profile
      Part 2: Studying RPA ASTM methods for detecting compound quality differences
      Studying RPA ASTM methods for detecting compound quality differences
    • WORD Conversations: Charles Goodyear Medalist Puskas says academia needs to ease time commitments
      Women find success, opportunity in petrochemicals
      Rubber Division to host WORD webinar series
      Rubber Division introduces WORD webinar series
    • Goodyear recognized by Lockheed Martin as 'elite supplier'
      EV tire advancements to help secure future
      Lambillotte: Only question on AVs is timing
      CAR official says EV future brighter than autonomous
    • Rubber Division preparing for Spring Technical Meeting
      Rubber Division introduces WORD webinar series
      Rubber Division seeks abstracts for 200th Technical Meeting
      WORD panelists say evolution, authenticity keys to success
    • Sponsored By HEXPOL Compounding
      Faster Access to Your Polymer Compounding Experts Around the World
      Sponsored By HEXPOL Compounding
      Take a walk thru a HEXPOL Lab
      Sponsored By HEXPOL Compounding
      HEXPOL offers a unique selection of High Performance Elastomers to match your application requirements
      Sponsored By HEXPOL Compounding
      It’s what you can’t see that makes the Difference at HEXPOL
  • Blogs
    • Products
    • Wacky World of Rubber
    • New Products: MonTech adds to LP 3000 lab press lineup with custom options
      New Products: 3M rolls out new silicone adhesive for medical use
      GRI gains OE fitment for KION Group forklifts
      New Products: Hexpol develops new salt-water hydrophilic waterstops
    • Wacky World of Rubber: How Trelleborg, teens sealed a spot in the world record book
      Wacky World of Rubber: Of chicken and feet, but not chicken feet
      Wacky World of Rubber: Time to go mattress shopping
      Wacky World of Rubber: Because nothing says football like 'frunk' shrimp
  • Newsletters
    • Rubber in Automotive
    • Silicone News
    • Latex News
    • Sign Up for Newsletters
    • Kuraray raising elastomer prices again
      Federal approved as 5th Formula Drift tire supplier
      Hexpol acquiring Spanish rubber compounder Unica
      Tire prices rising: Is it a sign of more to come?
    • AirBoss unveiling high heat-resistant EPDM
      Evco Plastics buys Georgia plant to add LSR, white room molding
      Saint-Gobain unveils new silicone tubing for food, beverage market
      New Products: 3M rolls out new silicone adhesive for medical use
    • Synthomer launches Asia innovation center in Malaysia
      Sunflower rubber research expands with new funding
      Top Glove says U.S. withhold order bears no financial impact
      Our view: It may be time to rethink, rebuild supply chains
  • Multimedia
    • Videos
    • Photo Galleries
  • Directory
  • Resources
    • Classifieds & Mold Mart
    • Sponsored Content
    • White Papers
    • HB Chemical
      Sponsored By HB Chemical
      The HB Chemical and Ravago Partnership: Taking Customer Service to a New Level
      Sponsored By HB Chemical
      Above and Beyond with HB Chemical
      Sponsored By HB Chemical
      The Company Behind the Inventory
      Sponsored By French Oil Mill Machinery
      Process Improvement, Cost Reduction with Custom Press Systems
    • Sponsored By AirBoss
      AirBoss introduces next-gen EPDM compound: HeatBoss EPDM
      Sponsored By Uncountable Inc.
      Labs of the Future: How to Choose a Laboratory Information Management System in 2021
      Sponsored By Uncountable Inc.
      Cooper Standard deploys lab informatics platform to synchronize R&D
      Sponsored By Elkem
      LSR Selectâ„¢: A solution to improve your financial impact in molding applications
  • Data
  • Events
    • RPN Events
    • RPN Livestreams/Webinars
    • Industry Events
    • Past Events
    • ITEC Library
    • International Silicone Conference Library
    • 2021 Healthcare Elastomers Virtual Edition
      2021 Rubber in Automotive Virtual Edition
      2021 International Latex Conference Virtual Edition
      2022 ITEC
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Automotive
August 01, 2019 03:13 PM

Hyundai, Honda, Toyota post July sales gains as Detroit 3 abandon monthly reports

David Phillips
Automotive News
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    David Phillips, Automotive News
    Hyundai's U.S. retail deliveries rose 5 percent in July and fleet sales represented 10 percent of volume, or roughly 5,700 units.

    Honda, Toyota, Hyundai and Subaru posted higher U.S. sales in July while Nissan and Mazda fell in the first monthly sales report without a Detroit 3 participant.

    Hyundai's 12 percent increase marked its 12 straight monthly advance. At Toyota Motor Sales and American Honda, gains at the mainstream brands offset declines in their luxury units. Nissan and its Infiniti unit both were down as the company continued to scale back its incentive offerings.

    July marks a new era for U.S. sales results tallied by Automotive News as Ford Motor Co. and Fiat Chrysler Automobiles join General Motors in abandoning monthly reports in favor of quarterly. The absence of companies representing 45 percent of U.S. sales will undercut the value of the monthly data as a barometer of the industry's health.

    Industry sales had fallen each month through June, and most forecasts indicated July would be down as well.

    GM went to quarterly reports last year, abandoning a tradition that begin with the demise of 10-day reports in the early 1990s. Ford stopped public release of its numbers this year, while continuing to issue figures to the Automotive News Data Center. FCA next will report in October, at the close of the third quarter.

    At Honda, volume rose 1.9 percent to 141,296 units, with sales up 2.5 percent at the Honda division but slipping 3.7 percent at Acura. American Honda, ending two straight months of declines, said total light-truck demand increased 2.1 percent while car deliveries edged up 1.8 percent in July.

    Honda brand light-truck sales, benefiting from the new Passport and higher CR-V and Ridgeline demand, rose 3.1 percent to 68,778, setting a record for the month, the company said.

    July volume rose 0.4 percent at the Toyota division but slipped 1.5 percent at Lexus. Overall, Toyota Motor's car deliveries rose 3.6 percent while truck demand slipped 1.7 percent.

    Related Article
    Photos: Michelin designs UHP tire for 2020 Corvette

    At Nissan, which continues to reduce incentive spending and fleet business, volume dropped 9.1 percent, with car deliveries sliding 25 percent. Sales dropped 8.9 percent at the Nissan brand and 11 percent at Infiniti, extending the luxury brand's losing streak to seven months.

    Subaru, with new and redesigned crossovers and cars, extended its streak of year-over-year monthly gains to 92 with a 7.9 percent rise in July volume.

    Hyundai's U.S. light-vehicle sales advanced 12 percent in July, helped by higher retail demand, driven by new and redesigned crossovers. It was the 12 consecutive month of year-over-year gains for the brand.

    Retail deliveries rose 5 percent in July, Hyundai said, and fleet sales represented 10 percent of volume, or roughly 5,700 units.

    In a market increasingly propelled by light trucks, Hyundai is benefiting from the introduction of new and redesigned crossovers: the Santa Fe, Kona and Palisade. Hyundai said retail demand for three crossovers—Santa Fe, Tucson and Kona—rose by 11 percent or more last month.

    The VW brand produced it's fifth straight gain, but smallest of the year, with a 2.2 percent increase.

    Mazda posted its 13th straight monthly decline with a 3.5 percent dip in July volume. Sales of both the Mazda3 and Mazda6 plunged more than 30 percent.

    Among other auto makers, sales dropped 13 percent at Mitsubishi and 34 percent at Mini. At other luxury brands, BMW posted a 4.7 percent gain.

    Market cools

    U.S. light-vehicle demand may cool for the seventh straight month in July when other auto makers report results later today.

    Across the industry, U.S. deliveries dropped 2.4 percent in the first half, with weaker retail demand offset by higher fleet sales.

    Higher interest rates and rising transaction prices are undermining showroom traffic, analysts say, even as overall U.S. economic and job growth continues, though at a slower rate.

    Average new-vehicle retail transaction prices, driven by the steady consumer shift from cars to light trucks, continue to rise, and were on track to reach $33,065 last month, up sharply from $31,767 in July 2018, J.D. Power estimates.

    SAAR outlook

    The seasonally adjusted, annualized pace of sales is forecast to come in at 16.6 million, based on average estimates from J.D. Power/LMC Automotive, ALG, Edmunds and Cox Automotive.

    If the forecast holds, it will mark the fourth month this year the SAAR has dropped below 17 million. The sales pace came in at 17.29 million in June and 16.73 million in July 2018. The U.S. Bureau of Economic Analysis is expected to update and release today new seasonal factors used to the calculate the SAAR.

    Discounts

    Incentive spending projections were mixed last month, with J.D. Power estimating average spiffs rose to $4,074 from $3,849 while ALG estimates that discounts dropped 2.6 percent to $3,671. But with inventories starting to stack up on many dealer lots, some auto makers enticed consumers with sweeter deals, notably on older stock. Lincoln offered zero percent financing and deferred up to three initial monthly payments on select 2019 models. Honda dangled 36 monthly lease payments as low as $169, and $2,799 due at signing, on some 2019 Civic models.

    Letter
    to the
    Editor

    Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber & Plastics News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber & Plastics News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    web
    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Contact the Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Latex
      • Coronavirus
      • Executive Action
      • Government/Legal
      • Opinion
      • Technical Notebooks
      • Women in Tire & Rubber
      • ITEC
      • International Elastomer Show
      • HEXPOL Sponsored Content
    • Blogs
      • Products
      • Wacky World of Rubber
    • Newsletters
      • Rubber in Automotive
      • Silicone News
      • Latex News
      • Sign Up for Newsletters
    • Multimedia
      • Videos
      • Photo Galleries
    • Directory
    • Resources
      • Classifieds & Mold Mart
      • Sponsored Content
      • White Papers
    • Data
    • Events
      • RPN Events
      • RPN Livestreams/Webinars
      • Industry Events
      • Past Events
      • ITEC Library
      • International Silicone Conference Library
    • Advertise
    • DIGITAL EDITION