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​Automakers report mixed sales in U.S. in May

CHICAGO
2018-06-02 09:19

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Big automakers reported mixed auto sales in the United States in May.

Fiat Chrysler Automobiles NV (FCA) posted an 11-percent increase in auto sales in May while Ford Motor Co. had fleet sales drop 4.6 percent but retail sales increase 3.5 percent year on year.

FCA sold 214,294 vehicles in the United States in May, of which 167,785 were retail sales, up 10 percent year on year and the highest month of retail sales for the automaker since July 2005.

To be specific, Ram retail sales increased by 18 percent in May; the Chrysler brand tumbled 18 percent; the Fiat brand plummeted 46 percent; and the Dodge brand saw a 4-percent increase.

FCA sold 97,287 Jeep vehicles in May, while sales of the Wrangler model hit 25,102, an increase of 26 percent and the best May sales ever.

Ford saw fleet sales drop 4.6 percent in May and retail sales increase 3.5 percent year on year. Ford's truck sales went up 9.4 percent, SUV sales increased less than a percentage point, and passenger car sales slid 13.3 percent.

To be specific, Ford's sales of F-Series trucks went up 11.3 percent in May, the best May sales performance since 2000. It also posts a year-on-year growth for 13 straight months.

"With sales up 11 percent in May and 6 percent year-to-date, F-Series is off to its best start since 2000 and is on track to deliver its ninth consecutive year gain," said Mark LaNeve, Ford vice president of U.S. marketing, sales and service, in a statement.

Retail sales of the Expedition also increased 41.8 percent.

GM no longer reports monthly sales figures. Instead, the Detroit-based U.S. automaker is reporting sales in its quarterly earnings report.

California-based industry analysis company Edmunds forecast that auto sales in the United States will reach 1,565,683 units in May, a 3.5-percent increase year on year; but will drop in the whole year of 2018 after record sales in 2015, 2016 and a near-record sale in 2017.

Despite a sales decline forecast for 2018, Kelley Blue Book forecasts that the average transaction price of vehicles is expected to increase, driven largely by truck and SUV sales.
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