Ford F150 MI Vehicle Leader in June Auto Sales, GM Michigan Still Market Share Dominator
By Admin on Nov 27, 2011
DEARBORN, MI – Ford F150 MI trucks ranked as the top vehicle in June with 46,502 Ford F-Series trucks sold, a 29.5 percent increase over last year, but General Motors continued its volume leading position of most vehicles sold with an 11.9 percent enhance over last year, or 194,716 sold for June 2010. The other big three member Chrysler produced huge gains of 35.four percent in June compared with last year’s sales.
Ford F150 MI truck owners would be interested to know light truck sales accounted for 48.8 percent marketplace share, an boost over June 2009′s 46.5 percent. The Chevy Silverado came in second as finest-selling vehicle, up 25 percent. Analysts think steady fuel prices accounted for the domination of trucks and SUVs for the month of June. Cars on the other hand only improved by 9.four percent over last year, less than half the overall rate of light trucks (20.1 percent).
All of this would appear like very good news but when June’s numbers are held in comparison with May’s, the auto industry outlook and its ensuing recovery get significantly murkier. What has worried analysts, investors, and the general public is the annualized number for U.S. auto sales, which due to the fact of June’s performance, has declined from 11.6 million in May to 11.08 million in June. The very first half of the year average was 11.15 million. Prior to the Recession, the annualized number was typically 16 to 17 million.
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