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U.S. new vehicle sales fell the first time since April in October 0.8% to 16.21M SAAR missing consensus 16.50Me. Sales fell most in the light truck segment, sales of passenger vehicles held up. Car earnings give us insight into consumer trends.

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Of the “big three” US automakers Fiat Chrysler and Ford reports monthly forecasts with General Motors just providing quarterly reports.

US October 2020 Auto Sales

Weak economic conditions damaged by the Covid-19 lockdown hit vehicle sales.

Auto and truck sales for October were reported this week, they give us a clearer insight into future quarter GDP forecasts. The numbers also help earnings prospects for the auto industry. 

Carmakers  Reporting

Carmakers Reporting Monthly Sales

  • Fiat Chrysler (FCAU)
  • Toyota Motor (TM)
  • Honda Motor Co. (HMC)
  • Nissan (NSANY)
  • Ford Motors (F)
  • Mazda
  • Subaru
  • Hyundai
  • Kia

 

October 2020 Auto Sales

Ford

  • Ford’s sales were down in October by 5.8 percent
  • However its luxury division, Lincoln saw a 2.8 percent increase in sales.
  • Ford SUVs, led by the Expedition and the Explorer, were up 9.4 percent,
  • Ford Motor Co.’s U.S. sales fell 6.1% in October, dragged down in part by a factory overhaul to produce the redesigned version of its top-selling F-150 pickup.Trucks division did see sales decline partially due to a 4 percent drop in F-series sales.

Fiat Chrysler Automobiles $FCAU

Toyota

  • Toyota sales increased 8.8 percent in October,
  • Ssales moving upwards among all of its divisions except for Toyota cars.
  • Toyota Tacoma, RAV4, and Highlander all made gains.

Honda

  • Honda reported a drop in sales of 3.4 percent  compared to October of last year
  • Acura car sales and Honda truck sales both ended the month positive.
  • The Honda Pilot, Passport, and Ridgeline all made year-over-year gains; the Pilot, the most popular of the three, saw sales jump 22.1 percent.

Hyundai

  • Hyundai sales improve compared to October of last year by 0.5 percent.
  • Hyundai’s sales were influenced by an improvement among the Kona, Palisade, and Sonata.

Hyundai-Kia

  • Kia saw sales improve compared to October of last year by 12.2 percent.
  • Kia’s largest gains were seen from the Telluride, but also saw Forte sales increase;
  • Kia’s sales were helped along by new offerings including the Seltos and K5, which both performed well.

Subaru

  • Subaru posted a 10.6 percent increase in sales for the month, which was led by the Outback and Crosstrek.
  • The Japanese automaker saw its best October ever last month. 

Mazda

  • Mazda has seen its performance largely undeterred by the pandemic.
  • Mazda’s sales increased 12.2 percent and its year-to-date sales are currently down only 0.7 percent.
  • The CX-5 and CX-9 both posted strong monthly sales.

Note: Mercedes-Benz and Jaguar Land Rover will release their numbers later this month.

Read: Auto and Truck Sales Impact on The American Economy

US Quarterly Car Brand Sales Numbers

Auto Sales Q3 2020

via Good car bad car

This data table looks at quarterly sales performance by automotive brand for the United States. It includes all major automotive brands sold in the U.S market. We compare last quarter’s U.S brand sales with the same brand sales for the same quarter last year. We also include a growth rate too so you can see which brands are growing and which ones are declining. The quarterly view of sales at the brand level often gives you a better picture of what is happening than monthly because it takes out some of the month to month noise.via

 

Source: TradersCommunity

From The TradersCommunity Research Desk

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