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News & Updates

News Release: New Car and Truck Sales Continue Double-digit Growth in June
July 08, 2011

News Release: New Car and Truck Sales Continue Double-digit Growth in June

 

NEWS RELEASE
 
FOR IMMEDIATE RELEASE
 
MEDIA CONTACT:
Sara Panza
Greater Cleveland Automobile Dealers’ Association
440.746.1500
 
               
New Car and Truck Sales Continue Double-Digit Growth in June
 
Cleveland, OH (July 8, 2011) –Retail sales of new cars and light trucks showed strong double digit growth when comparing June of this year with June of 2010, according to figures released today by the Greater Cleveland Automobile Dealers’ Association (GCADA). In June of this year, dealerships in Northern Ohio sold 18,312 vehicles compared with 16,049 vehicles in the same month last year, an increase of more than 14 percent. For the year to date, sales of new cars and light trucks are up more than 27 percent when figures from the discontinued Pontiac and Saturn brands are removed.
 
“Despite registering double digit growth in June, the growth in sales of new cars and trucks slowed slightly due to tighter inventories of many popular vehicles,” said Louis A. Vitantonio, president of the GCADA. “Sales are expected to pick back up in July, as dealer inventories return to normal. We expect this trend to continue through August. Credit is more available, and if fuel prices continue to fall, it will only help consumer confidence.
 
“In addition, the average vehicle on the road today is 10.2 years old, compared with an average of 8.9 years in 2000. That means many people will soon consider replacing older vehicles. This would obviously help new vehicle sales, but will also increase the value of late model, low mileage used vehicles, which means trade-ins are worth a lot more today than in years past.”
 
A total of 23 brands registered sales increases for the month, when comparing sales to the same period a year prior. For the year to date, 25 brands are up from January through June when comparing sales to the same period in 2010.
 
In terms of total units sold for the month, Ford retained its number one spot over Chevrolet, selling 3,306 units compared to 2,816 for Chevy. Honda maintained its third place position with 1,544 units, while Kia broke into the top four with sales of 1,474 units, besting Toyota for the first time. However, for the year-to-date, Toyota still maintains a strong lead over the Korean manufacturer, at least locally.
 
23 Brands Up in June (‘11 v. ‘10)
The following 23 brands posted sales increases in June 2011 versus June 2010: Acura, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Hyundai, Infiniti, Jeep, Kia, Lotus, Mercedes-Benz, Mini, Mitsubishi, Nissan, Porsche, Saab, Volkswagen and Volvo.
 
25 Brands Up Year to Date through June (‘11 v. ‘10)
The following 25 brand posted sales increases for the year to date through June of this year versus the same period in 2010: Acura, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Lincoln, Mercedes-Benz, Mini, Mitsubishi, Nissan, Porsche, Saab, Subaru, Volkswagen and Volvo.
 
 
New-car and truck sales in Northern Ohio
June ‘11 / June ’10 & YTD 

 

June 11

June 10

June

% Chg.

YTD

June 11

YTD

June 10

YTD

June % Chg.

ACURA

140

134

4.48%

881

711

23.91%

AUDI

96

118

-18.64%

596

636

-6.29%

BMW

229

220

4.09%

1188

936

26.92%

BUICK

455

271

67.90%

2537

1416

79.17%

CADILLAC

250

167

49.70%

1712

827

107.01%

CHEVROLET

2816

2196

28.23%

16480

10960

50.36%

CHRYSLER

481

299

60.87%

2089

1271

64.36%

DODGE

727

552

31.70%

4035

2329

73.25%

FIAT

31

0

0.00%

62

0

0.00%

FORD

3306

2727

21.23%

17784

14334

24.07%

FREIGHTLINER

41

13

215.38%

122

107

14.02%

GMC

572

358

59.78%

3261

1967

65.79%

HINO

2

5

-60.00%

16

14

14.29%

HONDA

1544

1628

-5.16%

9536

8450

12.85%

HYUNDAI

1132

893

26.76%

5277

4003

31.83%

INFINITI

88

57

54.39%

596

301

98.01%

INTERNATIONAL

36

23

56.52%

301

194

55.15%

ISUZU

3

2

50.00%

31

19

63.16%

JAGUAR

9

9

0.00%

39

42

-7.14%

JEEP

613

404

51.73%

2905

1909

52.17%

KENWORTH

8

3

166.67%

45

24

87.50%

KIA

1474

854

72.60%

6555

3993

64.16%

LAND ROVER

22

38

-42.11%

146

149

-2.01%

LEXUS

125

245

-48.98%

1022

1289

-20.71%

LINCOLN

152

163

-6.75%

885

832

6.37%

LOTUS

2

1

100.00%

5

5

0.00%

MACK

8

4

100.00%

72

40

80.00%

MAZDA

345

492

-29.88%

2020

2428

-16.80%

MERCEDES BENZ

237

211

12.32%

1248

1076

15.99%

MERCURY

0

279

-100.00%

30

1214

-97.53%

MINI

48

34

41.18%

205

155

32.26%

MISCELLANEOUS

6

12

-50.00%

31

47

-34.04%

MITSUBISHI

150

121

23.97%

814

555

46.67%

NISSAN

904

832

8.65%

5084

3815

33.26%

PETERBILT

7

2

250.00%

90

67

34.33%

PONTIAC

0

2

-100.00%

4

139

-97.12%

PORSCHE

47

20

135.00%

215

140

53.57%

SAAB

25

7

257.14%

177

83

113.25%

SATURN

0

0

0.00%

3

165

-98.18%

SMART

2

7

-71.43%

30

30

0.00%

STERLING

0

3

-100.00%

0

13

-100.00%

SUBARU

378

456

-17.11%

2502

2206

13.42%

SUZUKI

14

14

0.00%

66

70

-5.71%

TOYOTA

1342

1822

-26.34%

8569

9303

-7.89%

UD

0

1

-100.00%

2

5

-60.00%

VOLKSWAGEN

378

301

25.58%

1895

1593

18.96%

VOLVO

66

51

29.41%

295

235

25.53%

WESTERN STAR

1

0

0.00%

7

1

600.00%

Total Cars & Trucks

18312

16051

14.09%

101465

80098

26.68%

 

Retail sales figures are based on vehicle registration reports from the Ohio Bureau of Motor Vehicles. Vehicle sales data includes the counties of: Ashland, Ashtabula, Carroll, Columbiana, Coshocton, Cuyahoga, Erie, Geauga, Holmes, Huron, Lake, Lorain, Mahoning, Medina, Portage, Richland, Stark, Summit, Trumbull, Tuscarawas and Wayne.

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