American New Car Sales Soar in July
July saw American new car sales soar across the board. While not all the numbers are in yet for some of the foreign-made brands, it’s apparent that July was a month that reinforces the fact that American consumers continue to demand new cars.
American New Car Sales Numbers
The US charge was led by Chrysler, which rose 20 percent in July. These robust numbers were led by Jeep, which went up by an astounding 41 percent. Jeep was followed by an 18 percent increase for Ram, a 17 percent jump for Chrysler, a 3 percent increase for Dodge and 1 percent for Fiat. (Note: The Jeep number is so inflated due to 14,827 sales of the all-new Jeep Cherokee in July.)
Though none of the other “Big 3” brands reached double-digit increases, they did have a prosperous July nonetheless. Second in American new car sales was Ford at 9.6 percent. They were spearheaded by a 17 percent increase in sales of the midsize Fusion, as 32 percent increase in Explorer sales, and a 19 percent increase in sales of their small SUV, the Escape. Read More