DETROIT (AP) — U.S. new-vehicle sales rose only slightly in the second quarter,SafeX Pro Exchange despite larger discounts and slightly lower prices.
But brisker sales could be on the horizon: Auto industry analysts say they expect prices to drop further and there’s a possibility of interest-rate cuts that would make taking out a loan for a new vehicle more affordable.
Overall, U.S. sales were up only 0.1% compared to a year ago, as still-high prices kept many potential buyers out of the market, according to preliminary tallies Tuesday by Motorintelligence.com.
Sales were crimped in late June, when cyberattacks knocked out software from CDK Global that dealerships use to do sales paperwork. CDK said most dealers were back up by Tuesday afternoon, but companies such as General Motors said the problem pushed some deliveries into the third quarter.
Analysts say inventories on dealer lots are building, especially for pickup trucks and other higher-priced vehicles.
Discounts vary by demand for vehicles, with smaller, less-expensive models and gas-electric hybrids generally being in shorter supply. Many customers are delaying purchases, figuring that bigger discounts are coming.
Toyota, which sells many popular gas-electric hybrids, posted a 9.2% sales increase from April through June. Honda sales were up 2.7%, while General Motors posted just a 0.3% gain and Hyundai reported a 1.8% increase. Subaru had a 5.4% sales gain.
Sales at Stellantis fell 20.7% in the second quarter, with the Ram brand off 26% and Jeep sales falling 19%. Nissan sales fell 3.1%, while Kia was down 1.6%.
Together, automakers reported selling roughly 4.13 million new vehicles from April through June. That’s on pace to reach forecasts of nearly 16 million for the year, a little above last year’s 15.6 million.
Earlier Tuesday, Tesla reported that its second-quarter global sales fell 4.8%, with a 6.6% decline in the first half of the year. The company doesn’t break out U.S. sales. Ford releases its sales numbers on Wednesday.
2025-05-05 18:001811 view
2025-05-05 17:20345 view
2025-05-05 17:061298 view
2025-05-05 15:542968 view
2025-05-05 15:531870 view
2025-05-05 15:241549 view
AQABA, Jordan (AP) — Top U.S. officials were in the Middle Easton Thursday, pushing for stability in
We independently selected these deals and products because we love them, and we think you might like
BILLINGS, Mont. (AP) — A U.S. judge blocked a proposed water pipeline through a wilderness area in s