NEWS RELEASE

FOR IMMEDIATE RELEASE

MEDIA CONTACT:
Sara Panza
Greater Cleveland Automobile Dealers’ Association
440.746.1500

New Vehicle Sales Keeping
Pace with Last Year

Cleveland, OH (June 8, 2016) –  Franchised new vehicle dealers sold 20,562 cars, trucks and SUVs in May, keeping pace with May of 2015’s total despite having two less days available in the month for dealers to sell vehicles. For the year to date, the market is essentially flat with last year with dealers selling 98,294 vehicles this year compared to 98,331 last year—a difference of just 37 vehicles, according to figures released today by the Greater Cleveland Automobile Dealers’ Association (GCADA).

“We continue to see what we expected in 2016 where motor vehicle sales are pacing with 2015, which was a very strong year for our region,” says GCADA President Louis A. Vitantonio Jr. “For May specifically, the difference is negligible compared to last year especially considering there were two less sales days in May 2016. We expect the market to stay on track with 2015 sales numbers through the end of the year.”

Sales of new cars, trucks and SUVs were off 0.14 percent when comparing May of this year with May of 2015. Dealers sold a total 20,591 new vehicles in May of 2015. Truck sales continued to be a bright spot for new vehicle dealers, with sales rising 9.51 percent in the month. Truck sales are up 8.2 percent for the year to date. Cars sales were off slightly, with franchised new vehicle dealers selling 13,308 cars in May compared with 13,967 over the same period a year ago, a decrease of 4.72 percent. Car sales are off just over four percent for the year to date.

Ford sold a total of 3,276 vehicles in the month, to retain its title of Northern Ohio’s best-selling brand. Chevrolet was not far behind, however, selling 2905 new vehicles for the month. Both brands were off just slightly when comparing May of 2016 with May of last year.

While Toyota performed well, ringing up a sales increase of 10.85 percent for the month, it was still outdistanced for third place by Honda, which sold 1,970 vehicles last month. Honda had an overall sales increase of 4.29 percent when comparing May of this year with May of 2015.

Fiat, Volvo and Audi each had big months, ringing up sales increases of 88.9 percent, 73.47 percent and 24.48 percent respectively.

14 Brands Up in May (‘16 v. ‘15)
The following brands posted sales increases in May of 2016 versus May of 2015: Audi, Buick, Cadillac, Fiat, Honda, Infiniti, Jeep, Lincoln, Mitsubishi, Nissan, Ram, Subaru, Toyota and Volvo.

15 Brands Up for the Year (’16 v. ’15)
The following brands posted sales increases for the year to date in 2016: Buick, Cadillac, Chevrolet, Fiat, Honda, Infiniti, Jeep, Land Rover, Lincoln, Maserati, Mitsubishi, Ram, Subaru, Toyota and Volvo.

New-car and truck sales in Northern Ohio
May ’16 / May ’15 & YTD

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.

About the GCADA
The Greater Cleveland Automobile Dealers' Association (GCADA) has served the retail-automobile industry and community with integrity and distinction since 1915. Today, located in Brecksville, Ohio, GCADA represents over 250 franchised motor vehicle dealer, which include new-car, truck, motorcycle and RV dealers in a 21-county region of Northern Ohio along the Lake Erie shore and beyond.  More information on the GCADA can be found at www.gcada.org. Contact us at 440-746-1500.

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