Make us your home page
Instagram

July is strong month for U.S. auto sales

General Motors’ workers, here in June in Lordstown, Ohio, had a bit more to do as July sales rebounded slightly from June.

Associated Press

General Motors’ workers, here in June in Lordstown, Ohio, had a bit more to do as July sales rebounded slightly from June.

LOS ANGELES — Consumers jumped back into auto dealers' showrooms in July, helping to reverse June's slowdown in sales.

"Generally speaking, the numbers we are seeing coming out of July are a positive sign," said Jeff Schuster, an analyst for J.D. Power and Associates. "But I don't think that says everything is back on track. We are going to see this volatility and up-and-down movement for some time."

General Motors said its sales rose 25 percent in July compared with the same month a year earlier, after factoring out the Pontiac, Hummer, Saturn and Saab brands it closed or sold as part of its bankruptcy reorganization last summer.

Combined sales for GM's remaining brands — Chevrolet, Buick, GMC and Cadillac — hit 199,432 vehicles for the month, the automaker said. Including the discontinued brands, sales rose 5.4 percent to 199,692. After brand consolidation, GM "has managed to gain market share with fewer brands. That is some positive momentum," Schuster said.

He thinks U.S. auto companies have survived the worst of the industry downturn. Ford, he said, was picking up market share on the strength of its new models. Although Chrysler's sales have not been as strong as those of its domestic rivals this year, its integration with Fiat, the Italian automaker, is proceeding and will start to pay off with new models over the next year or so.

"Everyone is in a much more positive position than they were a year ago," Schuster said.

July sales

A look at the percentage change

in total autos sold in the United States

in July compared with July 2009:

Kia: +21 percent

Hyundai: +19 percent

Nissan: +15 percent

Subaru: + 11 percent

General Motors: +5.4 percent *

Chrysler: +5 percent

Ford: +3.1 percent **

Honda: -2 percent

Toyota: -3.2 percent

* +25 percent after factoring out Pontiac, Hummer, Saturn and Saab, brands GM closed

or sold as part of its bankruptcy reorganization

** +4.6 percent after factoring out Volvo,

which Ford sold this week

July is strong month for U.S. auto sales 08/03/10 [Last modified: Tuesday, August 3, 2010 8:41pm]
Photo reprints | Article reprints

Copyright: For copyright information, please check with the distributor of this item, Los Angeles Times.
    

Join the discussion: Click to view comments, add yours

Loading...
  1. New stores coming to Tyrone Square Mall, like Bath & Body Works

    Retail

    Tyrone Square Mall will welcome a half dozen new stores, like Bath & Body Works and MidiCi's The Neapolitan Pizza Company, this summer.

  2. Target Corp. reaches $18.5 million settlement with 47 states over data breach

    Retail

    Target Corp. has agreed to pay Florida $928,963 out of a newly-announced $18.5 million settlement over a huge data breach that occurred in late 2013.

    Forty-seven states and the District of Columbia have reached an $18.5 million settlement with Target Corp. to resolve the states' probe into the discounter's massive pre-Christmas data breach in 2013. 
[Associated Press]
  3. Gov. Rick Scott's family history of alcohol abuse could decide 'liquor wall' bill

    Legislature

    TALLAHASSEE — Gov. Rick Scott must decide Wednesday whether to let Walmart and other big-box stores sell liquor, and he says a factor in his decision is the history of alcohol abuse in his family.

    Florida Governor Rick Scott is considering a veto of a bill that would allow Walmart, Target and other big box retail stores to sell liquor. [Andres Leiva | Tampa Bay Times]
  4. As St. Petersburg's Jabil Circuit broadens its business, it shrinks its name to Jabil

    Corporate

    St. Petersburg's Fortune 500 company, Jabil Circuit, informally tossed aside the "Circuit" in its name some time ago. That's because circuit board manufacturing, the company's core business for decades, has been squeezed out by a broader business agenda ranging from consumer packaging to supply chain management.

    Jabil Circuit informally dropped "Circuit" from its marketing material and signage, like at its St. Petersburg headquarters, years ago. Now it's official.
[Times file photo]
  5. Kahwa Coffee to open second drive-thru store in St. Petersburg

    Retail

    Kahwa Coffee will open its 12th location and fourth with a drive-thru in a former "farm store" in St. Petersburg.

    Kahwa Coffee will open its 12th location and fourth with a drive-thru in a former "farm store" in St. Petersburg.
[Times file photo]