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GM, Ford Continue to Strengthen With June Sales Increases

By Liz Opsitnik
Thursday, Jul 01 2010 11:18

Car shoppers slowly are coming back to dealerships and buying vehicles. It's hard to pass on some of the new car incentives right now, including 0 percent auto loan financing, low lease payments and cash back offers.

In June, General Motors offered some large cash back rebates, along with several long-term 0 percent auto loans. GM's four core brands (Chevrolet, Cadillac, Buick, GMC) were up 36 percent compared to June 2009.

Don Johnson, vice president, U.S. sales operations, said in a statement that the resurgence in large pickup truck sales was a key factor behind GM's June's sales increase.

"As companies continue to invest in their businesses, we expect this segment to continue to recover," Johnson said. "We think the release of some pent up demand in the pickup market is an indication that a fundamental part of the U.S. economy is gradually strengthening."

Ford's June U.S. sales were up 13.3 percent across all its brands, including Volvo.

"New products continue to drive Ford's success," said Ken Czubay, Ford vice president, U.S. marketing, sales and service, in a statement. "Ford and its dealers continue to offer customers the strongest value proposition - leading fuel economy, quality and resale value on a wide range of vehicles. That's why our business is growing."

Chrysler was up 35 percent in June, which the automaker attributed to its new Jeep Grand Cherokee.

"This 35 percent increase in year-over-year sales shows that we continue to build on our sales momentum," said Fred Diaz, president and CEO - Ram Truck Brand and lead executive for U.S. sales. "Consumer buzz is building tremendously with the arrival of our all-new Jeep Grand Cherokee in dealerships now, as well as the continuing accolades for our new Ram Heavy-Duty pickup trucks."

Porsche really takes the cake for U.S. sales increases in June. Porsche sold 2,141 units in June in the U.S., compared to the same month last year when it sold 902, a whopping increase of 137 percent.

June 2010 U.S. auto sales
 
GM: up 36% (core brands only)

Ford: up 13.3%

Chrysler: up 35%

Toyota: up 7.4%

Lexus: up 2.7%

Honda: up 4%

Acura: up 30.9%

Nissan: up 8.2%

Infiniti: up 31.7%

Kia: up 18.8%

Subaru: up 16%

Hyundai: up 35%

Volkswagen: up 10.6%

Mazda: up 32.8%

Mitsubishi: down 3.8%

Suzuki: down 5%

Mercedes-Benz: up 20.5%

smart USA: down 48.3%

Porsche: up 137%

Audi: up 14.3%

BMW: up 14.6%

MINI: up 1.1%

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Confused or unsure about some of the car loan terms used in the article? Click here for our Auto Loan Glossary.



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