U.S. Car Market Grows 9%
Passenger vehicle sales in the U.S. climbed to 1.25 million units in November from 1.14 million a year earlier, propelled by strong demand for domestic brands.
#economics
Passenger vehicle sales in the U.S. climbed to 1.25 million units in November from 1.14 million a year earlier, propelled by strong demand for domestic brands.
Sales of traditional domestic nameplates grew 12% to 542,500 units, and Asian brands rose 8% to 565,900 units last month, according to Autodata Corp.
But demand for European marques was flat at 136,900 units. A 16% drop at Volkswagen offset big gains for European luxury cars and crossovers.
VW's 16% decline to 30,700 vehicles left it in third place among European brands after Mercedes-Benz (+14% to 36,400 vehicles) and BMW (+2% to 301,800 units). Sales rose 13% to 13,600 units for Audi, advanced 25% to 4,600 units for Land Rover and doubled to 1,400 cars for Jaguar. But volume plunged 31% to 4,200 vehicles at Volvo.
Among Asian carmakers, November sales climbed 10% for Toyota, 11% for Nissan, 5% for Hyundai, 11% for Kia and 30% for Subaru. Demand was flat for Honda and fell 4% for Mazda.
Autodata says light-duty trucks maintained their 52% share of the American market for the second consecutive month.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.