US New Car Sales Shrank By 1.8% In 2017: First Time In 8 Years

- Jan 04, 2018 -

2018-01-04 With the upsurge of shared economic upsurges such as Uber and lyft, coupled with rising oil prices, which affected consumers' willingness to purchase vehicles, the U.S. auto sales declined by 1.8% to 17.2 million vehicles in the past year and shrank for the first time in 2009, and continuous sales growth record also come to an end.

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US auto market boom peaked in December 2016.Facing such a high base expectation, the major automakers encountered general decline in sales performance. AutoData statistics show that General Motors's new car sales have a year-on-year decrease of 3.4% in December 2017. Fiat Chrysler (FCA) annual reduction is 10.7%, Ford contrarian annual growth is 1.3%.

It is noteworthy that the popular electric car maker Tesla also seems to be unable to withstand this cold stock market, only 3,540 electric vehicles sold this month, a substantial reduction of 23% compared to the same period last year.

Japan's three major depots all the way back, Toyota’s annual reduction is 8.3 %, Honda is 7% and Nissan is 9.5%.

On the other hand, Germany's two luxury car companies performed relatively well, with BMW up 3.7% and Daimler up 6.4%.