U.S. light-vehicle gross sales rose 1.2 p.c in January with greater incentives and light-truck demand luring customers at the same time as extreme chilly temperatures throughout massive swaths of the nation put a chill in some showroom visitors.
The seasonally adjusted annual gross sales price for January got here in at 17.18 million, on par with the common estimate from analysts surveyed by Bloomberg, however down from 17.43 million in January 2017 and December’s blistering 17.86 million price.
Increased fleet shipments, notably at GM, Toyota and Nissan, additionally helped the business document its fourth-best January — 1,157,407 automobile and lightweight truck deliveries. The month is traditionally the weakest interval of the 12 months for quantity.
Deliveries to fleets surged 48 p.c final month for Nissan and 69 p.c for Toyota, Bloomberg reported, citing Cox Automotive.
“We’re inspired by the power of the market,” Jack Hollis, common supervisor of the Toyota Division, mentioned in the present day.
Toyota Motor Corp. posted its largest U.S. gross sales acquire in almost 4 years whereas Fiat Chrysler recorded one other double-digit decline as automakers marked January with contrasting fortunes.
Toyota’s 17 p.c advance mirrored its largest month-to-month soar since Could of 2014. Common Motors, with a lift from fleet gross sales, chalked up its fourth-straight month-to-month acquire whereas Nissan Motor quantity climbed 10 p.c.
Learn extra >