AutoBeta(AutoBeta.net)07/01 Report--

The car market has officially entered the summer sales season, but according to relevant data surveys, monthly sales in the United States may decline, which will be the third time in the United States in 10 years.

According to the forecasts of four industry bodies, delivery of light vehicles in the United States fell 1.5 percent in June compared with the same period last year, and the United States recorded negative year-on-year growth for six consecutive months. This is not the first time for the United States to achieve growth in every month in the first half of the year. The same situation occurred in 2009-2017 at the peak of the last recession.

Analysts estimate that U.S. car sales this year will fall below 17 million for the first time since 2014, and after seasonally adjusted, annualized sales through June are expected to remain between 17 million and 173 million.

From January to May this year, cumulative new car sales in the United States fell 2.4% from the same period last year. In addition, car sales in June last year rose 5.2% from a year earlier, one of the most positive months of the year, and annualized sales also reached 17.32 million. It should be emphasized that there were only 26 sales days in the United States in June this year, one day less than in the same period in 2018.

Car companies plan to report their sales results for last month on July 2, and analysts estimate that sales of brands such as Hyundai Kia and Subaru are expected to rise year-on-year in June, while Nissan and Ford are likely to experience a more severe year-on-year decline.

Although automakers are not doing well in sales, automakers are still implementing stricter incentives.

Average incentive spending per car will fall 1 per cent year-on-year to $3747 in June, while the average transaction price of new cars rose to $34036, up 3.1 per cent from a year earlier, according to ALG, a subsidiary of automotive research and sales platform TrueCar.

Car companies with big year-on-year increases in incentive spending in June included Honda and Toyota, up 12.3 per cent and 3.5 per cent, according to ALG.

Oliver Strauss, chief economist at ALG, said: increased incentive spending by several carmakers and continued strength in basic macroeconomic indicators are driving a rebound in sales in June and the second quarter. As a result, it was not easy for most American car companies in the first half of the year.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat