April 2010 Auto Sales Continue Recovery
Improved figures for America's international auto industry sales in
April continued the march toward industry-wide recovery. Sales have
improved every month in 2010. April's growth was second only to March's
24.3 percent improvement over March 2009. Last month, international brands
were led by Hyundai (up 29.7 percent), Nissan (up 33.8 percent), and Subaru
(up 48.2 percent). Toyota, which continued its exceptional incentive offers
from March, sold the most vehicles of any international brand with 139,080
units, up 23.8 percent from April 2009.
"The auto retail industry,
and the international sector in particular, continues to show stable
growth," said AIADA president Cody Lusk. "Our dealers are reporting steady
traffic not only from repeat buyers, but also shoppers new to international
brands. International nameplate dealers have something for everyone on
their lots -- from value to safety to performance."
International Brands Occupy Largest Chunk of Market
Share
According to numbers from Autodata Corp., international
brands sold 540,077 units in April, down from 607,383 units in March, but
up from 417,013 units in February. Overall, internationals occupied a total
55 percent share of the U.S. auto market, down slightly from 56.9 percent
in March. Asian brands accounted for 46.5 percent of the market, down from
49 percent in March, while European nameplates held 8.5 percent, up from
7.9 percent last month. Domestic brands finished the month with 45 percent
of the market, up from 43 percent in March.
Top Selling Vehicles
Six of the
top 10 selling vehicles in April were international nameplates, unchanged
from March. The Toyota RAV4 and Nissan Altima each slipped off the top ten
list, as the Hyundai Sonata and Honda CR-V gained a foothold, placing ninth
and tenth respectively. While all vehicles, with the exception of the Honda
Civic, charted average year-over-year sales gains of 28.2 percent, the
Hyundai Sonata recorded the biggest improvement with sales up 56.9 percent
over April 2009. Both Honda and Ford tied for top honors with three
vehicles apiece in the month's top 10.
Vehicle Segments
Americans bought
281,695 SUVs and crossovers in April, down from the 322,394 purchased in
March. The mid-size car segment once again clocked in at second place with
254,214 vehicles sold. As a whole, Americans purchased 505,598 cars and
476,533 trucks during April. Asian nameplates sold 283,173 cars and 173,806
trucks, while European nameplates sold 61,559 cars and 21,539 trucks.
Domestics registered sales of 160,866 cars and 281,188 trucks.
Outlook
Overall sales, including
domestic brands and unadjusted for business days, were up 19.8 percent from
April 2009 and 16.7 percent for the year. The seasonally adjusted annual
rate (SAAR) for light vehicles now stands at 11.21 million, an improvement
from 9.23 million units in April 2009.
See below for a complete
breakdown of April 2010 monthly and year-to-date sales by international
nameplate.