US car and truck sales picked up strength in April in a sign that the auto market remains firm after the winter economic downturn, the top three automakers reported Friday.
GM sales rose 5.9 percent from a year ago to 269,056 vehicles; Ford sales rose 5.4 percent to 222,498 vehicles, and sales by FCA US, the US unit of Fiat Chrysler Automobiles, gained 5.8 percent at 189,027 units.
Pickup truck and SUV and crossover sales remained strong, but overall sales were a bit below analyst expectations, amid more general signs that US consumers remain cautious and business investment is slow.
"Consumer and commercial customer demand for pickups and utility vehicles has been building since last fall, and that's a clear sign that the slowdown in GDP growth during the winter months was caused by factors that are mostly transitory in nature," said Kurt McNeil, GM's vice president for US sales.
For GM, truck sales were up 13 percent from April 2014, and crossovers 25 percent.
Ford said it was continuing to expand capacity to meet demand for its aluminum-bodied F-150 pickup. F-150 retail sales gained 8 percent, it said, but overall sales of the F line of trucks fell 0.9 percent.
"Kansas City Assembly, the second assembly plant building the popular new F-150, continues to ramp up production through the second quarter. Once the plant is fully online, Ford will be able to fill many fleet orders," Ford said.
SUVs, crossovers and utility trucks grew by 14.5 percent from a year ago.
At FCA, total car sales rose 29 percent in the month, led by the popular Jeep and Chrysler brands, while Dodge brands sank 16 percent and the Ram truck divisions saw sales growth slow to 4 percent.
For the first four months of the year, GM sales were up 5.9 percent over 2014. Ford 2.9 percent and FCA 3.4 percent.
"The auto industry continues to be on track to have its best sales year since 2006," said McNeil.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor