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News & Updates

New car and truck sales remain strong despite tight inventories
June 10, 2011

New car and truck sales remain strong despite tight inventories

NEWS RELEASE
 
FOR IMMEDIATE RELEASE
 
MEDIA CONTACT:
Sara Panza
Greater Cleveland Automobile Dealers’ Association
440.746.1500
 
 
New car and truck sales remain strong despite tight inventories
 
 
Cleveland, OH (June 10, 2011) – New car and truck sales continued to climb in May, registering growth of over 27 percent when comparing May 2011 with May 2010, according to figures released today by the Greater Cleveland Automobile Dealers’ Association (GCADA). For the year to date, new car and truck sales are up over 30 percent, after removing figures for the discontinued Pontiac and Saturn brands. Sales are expected to remain strong through July as gas prices begin to fall and inventory levels and vehicle availability at dealerships begin to rise.
 
“We’re still on a positive growth track with additional pent-up demand in the market,” says Louis A. Vitantonio, President of the GCADA. “Inventory levels at dealerships are tight, and that actually held back some sales in May, even though we still had a strong month. However, that problem should be resolved shortly, as more of the component production halted by the tsunami disaster in Japan begins to come back on line.”
 
“The value of used vehicles is still at an all time high. Consumers are starting to take advantage of this unique opportunity by trading in their used vehicles and receiving top dollar,” Vitantonio added. “High trade-in values and lower fuel costs will help drive new vehicle sales as well.”
 
A total of 27 brands registered sales increases for the month, when comparing sales to the same period a year prior. For the year to date, 27 brands are up from January through May 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, although the latter did register a very healthy sales gain of more than 34 percent when comparing May of this year with last. Honda once again outdistanced Toyota for third place. Kia registered a very strong fifth place, coming within 11 units of fourth-place Toyota’s sales. Chrysler, Dodge and Jeep continued their resurgence, registering sales gains for the month of more than 54 percent, 68 percent and 52 percent, respectively.
 
27 Brands Up in May (‘11 v. ‘10)
The following 24 brands posted sales increases in May 2011 versus May 2010: Acura, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Honda, Hyundai, Infiniti, Jaguar, Jeep, Kia, Mercedes-Benz, Mini, Mitsubishi, Nissan, Porsche, Saab, Smart, Subaru, Toyota, Volkswagen and Volvo.
 
27 Brands Up Year to Date through May (‘11 v. ‘10)
The following 27 brand posted sales increases for the year to date through May of this year versus the same period in 2010: Acura, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Land Rover, Lincoln, Mercedes-Benz, Mini, Mitsubishi, Nissan, Porsche, Saab, Smart, Subaru, Volkswagen and Volvo.
 
New-car and truck sales in Northern Ohio
May ‘11 / May ’10 & YTD
 
May 11
May 10
May
% Chg.
YTD
May 11
YTD
May 10
YTD
May % Chg.
ACURA
158
129
22.48%
741
577
28.42%
AUDI
88
126
-30.16%
500
518
-3.47%
BMW
208
147
41.50%
959
716
33.94%
BUICK
422
264
59.85%
2082
1145
81.83%
CADILLAC
229
132
73.48%
1462
660
121.52%
CHEVROLET
2492
1859
34.05%
13664
8764
55.91%
CHRYSLER
389
252
54.37%
1608
972
65.43%
DODGE
711
421
68.88%
3308
1777
86.16%
FIAT
14
0
0.00%
31
0
0.00%
FORD
2869
2420
18.55%
14478
11607
24.74%
FREIGHTLINER
28
23
21.74%
81
94
-13.83%
GMC
479
280
71.07%
2689
1609
67.12%
HINO
3
1
200.00%
14
9
55.56%
HONDA
1559
1481
5.27%
7992
6822
17.15%
HYUNDAI
1037
737
40.71%
4145
3110
33.28%
INFINITI
96
51
88.24%
508
244
108.20%
INTERNATIONAL
71
45
57.78%
265
171
54.97%
ISUZU
5
5
0.00%
28
17
64.71%
JAGUAR
10
4
150.00%
30
33
-9.09%
JEEP
498
327
52.29%
2292
1505
52.29%
KENWORTH
5
1
400.00%
37
21
76.19%
KIA
1306
691
89.00%
5081
3139
61.87%
LAND ROVER
22
23
-4.35%
124
111
11.71%
LEXUS
139
171
-18.71%
897
1044
-14.08%
LINCOLN
129
152
-15.13%
733
669
9.57%
LOTUS
0
1
-100.00%
3
4
-25.00%
MACK
0
0
0.00%
64
36
77.78%
MAZDA
379
439
-13.67%
1675
1936
-13.48%
MERCEDES BENZ
233
215
8.37%
1011
865
16.88%
MERCURY
0
142
-100.00%
30
935
-96.79%
MINI
39
34
14.71%
157
121
29.75%
MISCELLANEOUS
7
13
-46.15%
25
35
-28.57%
MITSUBISHI
184
91
102.20%
664
434
53.00%
NISSAN
725
507
43.00%
4180
2983
40.13%
PETERBILT
13
23
-43.48%
83
65
27.69%
PONTIAC
0
0
0.00%
4
137
-97.08%
PORSCHE
42
27
55.56%
168
120
40.00%
SAAB
32
11
190.91%
152
76
100.00%
SATURN
0
0
0.00%
3
165
-98.18%
SMART
12
6
100.00%
28
23
21.74%
STERLING
0
3
-100.00%
0
10
-100.00%
SUBARU
413
351
17.66%
2124
1750
21.37%
SUZUKI
7
11
-36.36%
52
56
-7.14%
TOYOTA
1317
1286
2.41%
7227
7481
-3.40%
UD
0
2
-100.00%
2
4
-50.00%
VOLKSWAGEN
360
267
34.83%
1517
1292
17.41%
VOLVO
61
40
52.50%
229
184
24.46%
WESTERN STAR
0
0
0.00%
6
1
500.00%
Total Cars & Trucks
16791
13211
27.10%
83153
64047
29.83%
 
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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