Auto sales in June 2011 remained positive. This month has seen strong growth in the two-wheeler segment. However, the impact of higher interest rates and fuel prices has been evident in the passenger car segment, which has seen a significant decline in its growth rate.
Light vehicle sales in the U.S. rose a by 2.4% to a seasonally adjusted annualized rate of 11.41 million vehicles in June when compared to 11.14 million vehicles in the same month last year. It came down from the seasonally adjusted annual rate of 11.8 million in May, the slowest since June 2010. Total sales inched up 7.1% to 1.05 million vehicles during the month.
US automakers sales:
- Sales of GM & Co. grew by 10.2% to 215,358 vehicles. Retail sales contributed 16% to the overall sales growth.
- Sales of the Ford Motors Co. increased 13.6% to 194,144 vehicles. The sales grow was mainly due to the cars and utilities, whose sales rose 17% and 15% respectively during the month.
- Sales at Chrysler Group LLC, rose 30%to 120,394 vehicles. It was the best sales of the Chrysler in the month. The company retail sales improved 46% during the month.
Together, GM, Ford and Chrysler achieved a market share of 50.1% last month.