SUVs have revived the us auto market in the first quarter of 2018
According to Marklines, a prestigious statistic page on the global auto market, in the first quarter of 2018, the US market consumed more than 4.1 million vehicles, of which the number of tourer sold has fallen to just over 1350 million vehicles, nearly 11% lower compared to the same period last year. By contrast, more than 2.7 million pickup trucks and SUVs were sold , 10% higher than the same period last year, helping the market recover with a 2% gain after a slight decline in February.
The dominance of pickups or SUVs, especially medium-sized SUVs, has become a general trend in the global auto market. “Although fuel prices were up last month, SUV sales remain strong and new models like the Chevrolet Traverse and Lincoln Navigator helped elevate their respective segments,” said Tim Fleming, an analyst at the prestigious car news Kelley Blue Book.
General Motors had top sales in the US auto market in the first quarter of 2018, reaching more than 715,000 vehicles, nearly 4% up from the previous year with the Chevrolet which took the lead with 5% growth. This leap is due to the powerful combination of the Silverado pickup with a 10% growth rate and the completely redesigned Traverse model that has been well received by US consumers.
Following behind was another US brand, Ford, which sold nearly 600,000 products in the first quarter, fell 2.7% from the same period last year. Of the total, more than 30% of Ford's sales were the F-Series pickups with nearly 215,000 vehicles.
The third place went to Toyota with the most popular cars in the US and the highest number of loyal customers. With more than 570,000 cars sold in the first quarter of 2018, Toyota has a remarkable growth rate of 7.4%. Its sales primarily came from mainstream models such as RAV4 and Camry with over 90,000 cars sold. The Corolla Altis also reached nearly 78,000 in the first quarter.
Fiat-Chrysler, Nissan and Honda followed with the same or slightly declined sales compared to the same period last year. Meanwhile, Mazda and Volkswagen have grown significantly thanks to the success of SUVs such as CX-5 2018 and Touareg.
The decrement of US auto sales in the previous month made many car experts worry that the total sales could be decreased the first quarter of the year as car companies reduced promotions compared to the end of last year. However, recent political turmoil such as the threat of trade war and the volatility of the US stock market have signaled a difficult second quarter for the auto market.
By: Archie Henderson