June 2016 U.S. LV Sales Thread: SAAR Below 17-Million Mark

(FINAL) U.S. automakers achieved a 16.61 million-unit monthly light-vehicle SAAR on 1.51 million deliveries.

Erin Sunde, Industry Analyst

July 1, 2016

5 Min Read
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JUNE 2016 US LV SALES

FORECAST v REPORTED

UNITS

WardsAuto Forecast LV Sales

1.57 million

Current Projected May LV Sales

 1.51 million

WardsAuto Forecast LV SAAR   

    17.30 million

Current Projected May LV SAAR

   16.61 million


WardsAuto tracks light-vehicle (LV) deliveries throughout sales reporting day. Monthly year-over-year change represents the change in daily sales rate (DSR).  June had 26 selling days this year compared with 25 days in 2015, meaning DSR % change will be less than straight volume %change for year-over-year comparisons this month.

Related Table 

U.S. Light Vehicle Sales Summary table

SUMMARY (FINAL):

The light-vehicle market failed to meet expectations in June as U.S. automakers under-performed relative to an earlier WardsAuto forecast.  (See article).

Instead of reaching an 11-year high of 1.57 million units over the 26 selling days, the industry's daily sales rate (DSR) fell 1.6% from same-month year ago, as automakers delivered less than 1.51 million light vehicles in June. That brought the full first half of 2016 to 8.6 million units, up 1.3% from like-2015. 

General Motors lost share from year-ago but remained the No.1 LV seller, delivering 255,210 cars and light trucks compared to Ford's 234,298 LVs. GM accounted for 16.9% of the market, followed by Ford's 15.6% share.

Toyota's 13.2% take was good enough for the No.3 spot, narrowly beating FCA's 13.0% market share. Nissan outsold Honda to claim the No.5 position with 9.4% of LV sales. 

The seasonally adjusted annual rate fell to 16.61 million units, the second sub-17-million SAAR of this year. 

Today's sales report thread appears below. See related articles for additional details.

UPDATE 1:15 PM ET: Daimler, including Mercedes, Smart and Sprinter, delivered 31,974 LVs in the month, a 1.7% decrease in daily sales compared with 2015. The automaker's year-to-date sales are 0.6% below like-2015.

Kia saw its DSR shoot up 11.1% in June, on 62,572 deliveries, leaving its YTD sales 5.6% above year-ago.

UPDATE 12:45 PM ET: Hyundai reported a 3.8 year-over-year decline in daily sales, with 67,511 deliveries. The South Korean automaker, however, is outpacing year-ago YTD by a slim margin on 374,060 units through the first half.

Mitsubishi, with 8,023 units, showed a 3.1% decline is DSR.

UPDATE 12:38 PM ET: General Motors sold 255,210 LVs in June, a 5.4% decline from year-ago on a on a daily basis, finishing some slightly below low forecast expectations. GM's YTD sales fell 4.4% below year-ago through June.

Toyota daily sales fell 9.2% from year-ago levels, on 198,257 deliveries. Year-to-date sales are tracking 2.7% behind same-period 2015.

Volkswagen saw its VW brand vehicle sales tumble 24.8% on a daily basis, on 23,809 units. Over the first six months of the year, the brand is down 14.6%

Subaru's daily sales rose 1.1%. The automaker's YTD sales are tracking 2.6% over year-ago Q1.

UPDATE 11:13 PM ET: Honda sold 138,715 LVs in June, well below expectations. The DSR was 0.8% below year-ago. Deliveries through the first half of the year were 5.2% above like-2015.

UPDATE 10:30 PM ET: Audi reported LV sales of 18,445, a 2.9% decline from its year-ago daily sales rate. YTD, sales are up 3.5%.

Nissan saw its June DSR jump 8.8% over year-ago on 140,553 deliveries, putting its YTD sales 8.4% over same-period 2015.

UPDATE 10:12 AM ET: Ford came in above forecast levels, delivering 234,738 light vehicles in May, a 2.3% increase in daily sales versus year-ago. Ford has sold 1,316,423 LVs through the first six months of 2016, a 4.2% YTD improvement.

UPDATE 09:12 AM ET: FCA sold 195,739 LVs last month, a 2.3% DSR increase from like-2015, and less than forecast. The automaker's 1,143,892 YTD LV deliveries represents a 6.4% improvement over same-period year-ago.

Read more about:

2016

About the Author

Erin Sunde

Industry Analyst, WardsAuto

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