Japanese cars sold more than American cars in the US in June

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According to US media reports on July 7, automakers' reports show that US car sales growth is still slow in June, and the auto industry's low-lying status has continued for six months. US-based Big Three GM, Ford and Fiat Chrysler all fell in sales in the US. However, sales of Japanese brands such as Toyota increased year-on-year.

After a record US car sales in 2016, automakers experienced the first weak sales in 2009 in the first half of 2017. Small cars have primary responsibility for this. SUVs and pickup trucks, which account for more than half of total car sales, are still the main force in sales. Ford estimates that small SUVs have boosted their retail market share by 2 percentage points year-on-year.

Vehicle inventory time is getting longer, which means consumers have no desire to buy. According to "Automotive News", GM's inventory has climbed to its highest level in 10 years. GM's inventory time is 105 days, much higher than the ideal 60-day supply cycle.

GM sold 243,155 units in the US in June, down 4.7% year-on-year. GM's Chevrolet, GMC and Cadillac brands all fell, while Buick grew against the trend. Ford's sales fell 5.1% to 227,979 units, while Ford and Lincoln passenger car sales fell 23%. Fiat Chrysler's ram brand set a June sales record, but due to the weakness of Chrysler, Dodge and Jeep, the company's total sales fell 7.4%.

On the other hand, Toyota announced that its sales in the US increased by 2.1% year-on-year in June, Honda increased by nearly 1%, and Nissan's sales volume increased by more than 2% this month. Subaru's sales increased by 11.7% over the same period. Volkswagen Group sales increased by 10.7%.