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Domestic brands propel March car sales

Car and Truck Sales

Despite the rising gasoline prices, the top U.S. auto makers were driving toward growth in March, posting double-digit sales growth.
Despite the rising gasoline prices, the top U.S. auto makers were driving toward growth in March, posting double-digit sales growth. Domestic car manufacturers posted double-digit percentage gains in March U.S. sales, as the consumer opt for domestic models, inspite of rising gas prices.


Another thing keeping car sales growing could be a jump in the number and amount of incentives. Some analysts believe, that incentives will continue a slow but steady rise in the coming months.


In March U.S. sales of new cars and trucks grew in double digits by 26.8 % to 1,485,700 units, higher than recent number of average monthly sales, from the same month a year ago.
Another thing keeping car sales growing could be a jump in the number and amount of incentives. Some analysts believe, that incentives will continue a slow but steady rise in the coming months.

U.S. vehicle sales marked an by 16.3 % advance compare to a month before.

Light truck sales jumped in March by 30 %. Light truck producers said they sold 1,156,800 new vehicles in March in the U.S., up from 890,000 a year ago and 15.5 % above February total of 1,001,700.
Sales momentum built as March unfolded, with higher fuel prices driving consumer demand for more fuel-efficient vehicles in the second half of the month.




March 2024 U.S. Car Sales

• U.S. Total Vehicle Sales 1,485,700 units up by 26.81 %

• U.S. Car Sales 289,300 units up by 20.29 %

• U.S. Domestic Car Sales 202,900 units up by 11.98 %

• U.S. Foreign Car Sales 86,400 units up by 45.70 %

• U.S. Light Truck Sales 1,156,800 units up by 29.98 %

• U.S. Heavy Truck Sales 39,600 units down by -3.65 %

see monthly car sales


Average expenditure per car in U.S. were at $30,379 in March 2024 -5.70 %


Average expenditure per car in U.S., foreign model were at $37,197 Average expenditure per car in U.S., domestic model were at $27,224
-5.70 % -1.67 %


Average business expenditure per car in U.S. were at $32,512 Average consumer expenditure per car in U.S. were at $29,121
-6.91 % -6.91 %



World Wide Market Share in the first quarter 2024


Vehicle Sales in the first quarter 2024

 Industry wide Sales

 • U.S. Vehicle Sales up 4.78 %

 • N. Am. Vehicle Sales up 6.31 %

 • Europe Vehicle Sales up 7.03 %

 • Asia Vehicle Sales up 3.89 %

 • Other Markets Sales up 8.98 %

 • Total Vehicle Sales up 4.75 %


In the first quarter industry wide vehicle sales in U.S. were 3,860,000 units, 18.39% of total world wide industry sales and an deacrease of -3.19 % from the forth quarter 0, while from first quarter 0 sales grew by 4.78 %.

For the same period world wide vehicle sales fell by -8.00 % sequentialy and advanced by 4.75 % from same quarter year ago.



Ford
In the forth quarter of 2024 Ford vehicle sales in North America grew by 21.09 % sequentialy to 758,000 units and went up by 7.37 % from same quarter year ago.



World wide Ford sold 1,153,000 vehicles an increase of 10.33 % from first quarter and an increase of 9.29 % from first quarter.


General Motors

In the first quarter of 2024 General Motors sold 594,000 vehicles in U.S. a sequential deacrease of -4.96 % and a deacrease of -1.49 % from same quarter year ago.

General Motors market share was 594.00% in U.S.

GM sold 303,000 cars in U.S. an deacrease of -0.33 % from forth quarter 0 and a deacrease of -0.98 % from first quarter 0, this represented 51.01% of total G.M. vehicles sold in U.S. with market share of 6.80%.

General Motors truck sales in U.S. deacreased by -9.35 % from forth quarter and a deacrease of -2.02 % from first quarter year ago, to 291,000 trucks.

Market share was 31.10% in U.S.

World wide General Motors sold 1,348,000 vehicles down by -16.01 % sequentialy and down by -2.60 % from same quarter year ago. World wide market share was 6.40%.


Vehicle Production
(& Estimates)
Estimated Vehicle Production in U.S.
0 units
unch.
Estimated Vehicle Production in Europe
0 units
unch.




    In the year 2023 World Wide 85,898,000 new cars & trucks were sold


World-wide Auto Sales Market Share in the first quarter 2024




General Motors Market Share



Market Share GM
( In %)
first quarter
2024
forth quarter
2023
third quarter
2023
second quarter
2023
first quarter
2023
GM North America Market Share
14.9 % 15 % 15.8 % 15.6 % 15.8 %
GM U.S. Market Share
594 % 16 % 16.5 % 692 % 16.4 %
GM Cars Market Share
6.8 % 7 % 7 % 8 % 8.4 %
GM Trucks Market Share
31.1 % 32.1 % 31.7 % 30 % 29.9 %
GM Europe Market Share
- % - % - % - % - %
GM Market Share Germany
- % - % - % - % - %
GM Market Share United Kingdom
- % - % - % - % - %
GM Asia/Africa/Mid-East Market Share
7.9 % 7.9 % 8.3 % 8.6 % 9 %
GM Market Share China
7.9 % 7.9 % - % - % 9 %
GM Market Share Australia
- % - % - % - % - %
GM South America Market Share
10.2 % 11.9 % 12.2 % 12.5 % 12.4 %
GM Market Share Brazil
11.1 % 13.5 % - % - % 15.1 %
GM Vehicle Total Market Share
6.4 % 7 % 7.5 % 7.4 % 6.9 %

Ford Motor Market Share
 
Market Share Ford
( In %)
forth quarter
2024
first quarter
2024
third quarter
2023
second quarter
2023
first quarter
2023
Ford North America Market Share
- % - % - % - % - %
Ford Vehicle U.S. Market Share
- % - % - % - % - %
Ford Europe & PAG Market Share
- % - % - % - % - %
Ford Asia Pacific, Africa & Market Share
- % - % - % - % - %
Ford South America Market Share
- % - % - % - % - %
Ford Australia Market Share
- % - % - % - % - %
Ford Vehicle Total Market Share
5.05 % 4.98 % 5 % 5.1 % 5 %




Monthly Industry Wide Vehicle Sales





Vehicle Unit Sales
(In units)
March 2024
Feb. 2024
Jan. 2024
Oct. 2023
Sep. 2023
Total Vehicle Sales in U.S.
1,485,700 1,277,900 1,111,300 1,242,400 1,379,900
Car Sales in U.S.
289,300 239,500 213,100 239,100 271,300
Domestic Cars Sales in U.S.
202,900 173,500 147,600 174,300 197,800
Foreign Cars Sales in U.S.
86,400 66,000 65,500 64,700 73,500
Light Truck Sales in U.S.
1,156,800 1,001,700 861,300 962,500 1,066,200
Domestic Light Truck Sales in U.S.
909,900 801,900 681,500 760,900 839,100
Foreign Light Truck Sales in U.S.
246,900 199,800 179,800 201,600 227,100
Heavy Truck Sales in U.S.
39,600 36,700 36,900 40,800 42,400




Year on Year Monthly Industry Wide Vehicle Sales Growth





Vehicle Unit Sales
(Monthly, in % Y / Y)
March 2024
Feb. 2024
Jan. 2024
Oct. 2023
Sep. 2023
Total Vehicle Sales U.S. 26.81 % 4.36 % -4.68 % 6.85 % 18.64 %
Car Sales U.S. 20.29 % -1.68 % -8.34 % -0.33 % 14.67 %
Domestic Cars Sales U.S. 11.98 % -6.92 % -15.22 % 2.47 % 16.15 %
Foreign Cars Sales U.S. 45.7 % 15.38 % 12.16 % -7.44 % 10.86 %
Light Truck Sales U.S. 29.98 % 6.81 % -3.41 % 8.45 % 19.65 %
Domestic Light Truck Sales U.S. 25.66 % 5.64 % -6.26 % 6.88 % 14.73 %
Foreign Light Truck Sales U.S. 48.82 % 11.81 % 9.17 % 14.81 % 42.2 %
Heavy Truck Sales U.S. -3.65 % -14.85 % -11.51 % 15.25 % 19.77 %



Sequential Monthly Industry Wide Vehicle Sales Growth


Vehicle Unit Sales
(Monthly, in % M / M)
March 2024
Feb. 2024
Jan. 2024
Oct. 2023
Sep. 2023
Total Vehicle Sales U.S. 16.26 % 14.99 % -10.55 % -9.96 % 0.73 %
Car Sales U.S. 20.79 % 12.39 % -10.87 % -11.87 % 2.22 %
Domestic Cars Sales U.S. 16.95 % 17.55 % -15.32 % -11.88 % 3.4 %
Foreign Cars Sales U.S. 30.91 % 0.76 % 1.24 % -11.97 % -0.81 %
Light Truck Sales U.S. 15.48 % 16.3 % -10.51 % -9.73 % 0.77 %
Domestic Light Truck Sales U.S. 13.47 % 17.67 % -10.44 % -9.32 % 0.84 %
Foreign Light Truck Sales U.S. 23.57 % 11.12 % -10.81 % -11.23 % 0.49 %
Heavy Truck Sales U.S. 7.9 % -0.54 % -9.56 % -3.77 % -8.62 %

Monthly Domestic Vehicle Unit Sales Growth M/M
 
Domestic Vehicle Unit Sales
(Monthly, in % M / M)
March 2024
Feb. 2024
Jan. 2024
Oct. 2023
Sep. 2023
Ford Vehicle Total U.S. 5.23 % -5.41 % -1.25 % -2.65 % 3.21 %
GM Vehicle Total U.S. 2.25 % -2.06 % -2.76 % 0.95 % 0.41 %
GM Cars 8.51 % -9.1 % -2.48 % -8.95 % 7.17 %
GM Trucks 6.7 % -6.79 % -1.94 % -2.35 % 3.96 %
GM Light Truck Total 4.54 % -4.83 % -1.15 % -2.66 % 2.66 %
GM Light Vehicle Total



Quarterly Industry Wide Vehicle Sales




Vehicle Unit Sales Industry Volume
(In units)
first quarter
2024
forth quarter
2023
third quarter
2023
second quarter
2023
first quarter
2023
North America
4,752,000 4,931,000 5,026,000 5,158,000 4,470,000
U.S.
3,860,000 3,987,000 4,092,000 4,236,000 3,684,000
Europe
4,294,000 3,972,000 3,851,000 4,238,000 4,012,000
Asia/Africa/Mid-East/Oceania
11,117,000 12,891,000 11,870,000 11,057,000 10,701,000
China
5,617,000 7,236,000 6,497,000 6,099,000 5,154,000
South America
823,000 1,016,000 983,000 869,000 852,000
Vehicle Total
20,986,000 22,810,000 21,731,000 21,322,000 20,035,000

Quarterly General Motors Vehicle Sales
 
Vehicle Unit Sales GM Volume
(In units)
first quarter
2024
forth quarter
2023
third quarter
2023
second quarter
2023
first quarter
2023
GM North America
709,000 747,000 796,000 805,000 707,000
GM U.S.
594,000 625,000 674,000 692,000 603,000
GM Cars
303,000 304,000 331,000 350,000 306,000
GM Trucks
291,000 321,000 343,000 342,000 297,000
GM Europe
- - - - -
GM Asia/Africa/Mid-East/Oceania
554,000 735,000 703,000 670,000 572,000
GM China
441,000 569,000 542,000 526,000 462,000
GM South America
84,000 121,000 120,000 108,000 105,000
GM Vehicle Total
1,348,000 1,605,000 1,619,000 1,584,000 1,384,000

Quarterly Ford Motor Vehicle Sales
 
Vehicle Unit Sales Ford Volume
(In units)
forth quarter
2024
first quarter
2024
third quarter
2023
second quarter
2023
first quarter
2023
Ford North America
758,000 626,000 736,000 720,000 706,000
Ford Vehicle U.S.
758,000 626,000 736,000 720,000 706,000
Ford South America
34,000 10,000 36,000 34,000 12,000
Ford Europe
361,000 409,000 314,000 365,000 337,000
Volvo
- - - - -
Ford Asia /Pacific & Africa
- - - - -
Ford Vehicle Total
1,153,000 1,045,000 1,086,000 1,119,000 1,055,000





Quarterly Industry Wide Vehicle Sales Growth Y/Y


Vehicle Unit Sales Industry Volume
(In % Y / Y)
first quarter
2024
forth quarter
2023
third quarter
2023
second quarter
2023
first quarter
2023
North America 6.31 % 8.61 % 18.01 % 17.2 % 9.83 %
U.S. 4.78 % 6.78 % 17.28 % 17.86 % 8.9 %
Europe 7.03 % 30.27 % 8.85 % 12.35 % 7.22 %
Asia Pacific 3.89 % 6.76 % 6.99 % 16.1 % -1.02 %
China 8.98 % 15.59 % 1.64 % 21.59 % -11.08 %
Asia Pacific 3.89 % 6.76 % 6.99 % 16.1 % -1.02 %
Vehicle Total 4.75 % 10.55 % 9.27 % 14.61 % 3.19 %

Quarterly General Motors Vehicle Sales Growth Y/Y
 
Vehicle Unit Sales GM Volume
(In % Y / Y)
first quarter
2024
forth quarter
2023
third quarter
2023
second quarter
2023
first quarter
2023
GM North America 0.28 % 2.47 % 20.06 % 17.18 % 17.64 %
GM U.S. -1.49 % 0.32 % 21.22 % 18.9 % 17.54 %
GM Cars -0.98 % 10.14 % 28.79 % 30.11 % 35.4 %
GM Trucks -2.02 % -7.49 % 14.72 % 9.27 % 3.48 %
GM Europe
GM Asia/Africa/Mid-East -3.15 % 5.15 % -5.51 % 6.86 % -22.18 %
GM China -4.55 % -1.22 % -13.97 % 8.68 % -24.63 %
GM South America -3.4 % 4.85 % -1.4 % -4.19 % 7.44 %
GM Vehicle Total -2.6 % 3.35 % 5.34 % 11.39 % -3.01 %

Quarterly Ford Motor Vehicle Sales Growth Y/Y
 
Vehicle Unit Sales Ford Volume
(In % Y / Y)
forth quarter
2024
first quarter
2024
third quarter
2023
second quarter
2023
first quarter
2023
Ford North America 7.37 % 16.5 % 37.35 %
Ford Vehicle U.S. 7.37 % 16.5 % 37.35 %
Ford South America 183.33 % 88.89 % -20 %
Ford Europe 7.12 % 64.41 % 32.68 %
Ford Asia Pacific & Africa - % - %
Ford Vehicle Total 9.29 % 8.54 % 9.21 %





Q/Q Quarterly Industry Wide Vehicle Sales Growth


Vehicle Unit Sales Industry Volume
(In % Q / Q)
first quarter
2024
forth quarter
2023
third quarter
2023
second quarter
2023
first quarter
2023
North America -3.63 % -1.89 % -2.56 % 15.39 % -1.54 %
U.S. -3.19 % -2.57 % -3.4 % 14.98 % -1.34 %
Europe 8.11 % 3.14 % -9.13 % 5.63 % 31.58 %
Asia Pacific -13.76 % 8.6 % 7.35 % 3.33 % -11.38 %
China -22.37 % 11.37 % 6.53 % 18.34 % -17.67 %
South America -19 % 3.36 % 13.12 % 2 % -12.07 %
Vehicle Total -8 % 4.97 % 1.92 % 6.42 % -2.9 %

Quarterly General Motors Vehicle Sales
 
Vehicle Unit Sales GM Volume
(In % Q / Q)
first quarter
2024
forth quarter
2023
third quarter
2023
second quarter
2023
first quarter
2023
GM North America -5.09 % -6.16 % -1.12 % 13.86 % -3.02 %
GM U.S. -4.96 % -7.27 % -2.6 % 14.76 % -3.21 %
GM Cars -0.33 % -8.16 % -5.43 % 14.38 % 10.87 %
GM Trucks -9.35 % -6.41 % 0.29 % 15.15 % -14.41 %
GM Europe
GM Asia/Africa/Mid-East -24.63 % 4.55 % 4.93 % 17.13 % -18.17 %
GM China -22.5 % 4.98 % 3.04 % 13.85 % -19.79 %
GM South America -30.58 % 0.83 % 11.11 % 2.86 % -16 %
GM Vehicle Total -16.01 % -0.86 % 2.21 % 14.45 % -10.88 %

Quarterly Ford Motor Vehicle Sales Q/Q
 
Vehicle Unit Sales Ford Volume
(In % Q / Q)
forth quarter
2024
first quarter
2024
third quarter
2023
second quarter
2023
first quarter
2023
Ford North America 21.09 % -14.95 % 2.22 % 1.98 %
Ford Vehicle U.S.
Ford South America 240 % -72.22 % 5.88 % 183.33 %
Ford Europe -11.74 % 30.25 % -13.97 % 8.31 %
Ford Asia Pacific & Africa
Ford Vehicle Total 10.33 % -3.78 % -2.95 % 6.07 %



Annual Industry Wide Vehicle Sales


Vehicle Unit Sales Industry Volume
(In units)
2023
2022
2021
2020
2019
North America
19,585,000 17,270,000 16,901,000 17,722,000 21,175,000
U.S.
15,999,000 14,200,000 14,200,000 14,924,000 17,533,000
Europe
16,073,000 14,101,000 11,994,000 14,795,000 18,876,000
Asia/Africa/Mid-East/Oceania
46,519,000 43,504,000 36,791,000 42,908,000 46,901,000
China
24,986,000 23,464,000 19,096,000 24,922,000 25,398,000
South America
3,720,000 3,666,000 2,676,000 3,158,000 4,318,000
World-wide Vehicle Total Sales
85,898,000 78,542,000 68,755,000 78,583,000 91,270,000

Annual General Motors Vehicle Sales
 
Vehicle Unit Sales GM Volume
(In units)
2023
2022
2021
2020
2019
GM North America
3,055,000 2,680,000 2,574,000 2,924,000 3,367,000
GM U.S.
2,594,000 2,274,000 2,218,000 2,547,000 2,887,000
GM Cars
- - - - -
GM Trucks
403,393 423,265 417,219 354,352 -
GM Light Truck Total
360,248 383,701 368,597 320,054 -
GM Light Vehicle Total
- - - - -
GMC
- - - - -
GM Europe
- - - - 4,000
GM Asia/Africa/Mid-East/Oceania
2,680,000 2,805,000 3,323,000 3,434,000 3,816,000
GM China
2,099,000 2,303,000 2,892,000 2,901,000 3,094,000
GM South America
454,000 452,000 393,000 3,434,000 669,000
GM World-wide Vehicle Total Sales
6,192,000 5,939,000 6,291,000 6,829,000 7,718,000

Annual Ford Motor Vehicle Sales
 
Vehicle Unit Sales Ford Volume
(In units)
2023
2022
2021
2020
2019
Ford North America
2,920,000 2,350,000 2,006,000 2,081,000 2,765,000
Ford Vehicle U.S.
1,995,912 - - - -
Ford South America
116,000 83,000 81,000 185,000 295,000
Ford Europe
1,377,000 1,014,000 891,000 1,020,000 1,418,000
Premier Automotive Group
- - - - -
Ford Asia/ Pacific & Africa
- 799,000 965,000 901,000 908,000
Ford World-wide Vehicle Total Sales
4,413,000 4,231,000 3,942,000 5,386,000 5,386,000


Annual Industry Wide Vehicle Sales Y/Y





Vehicle Unit Sales Industry Volume
(In % Y / Y)
2023
2022
2021
2020
2019
North America 13.4 % 2.18 % -4.63 % -16.31 % -1.64 %
U.S. 12.67 % 0 % -4.85 % -14.88 % -0.91 %
Europe 13.98 % 17.57 % -18.93 % -21.62 % -0.89 %
Asia/Africa/Mid-East/Oceania 6.93 % 18.25 % -14.26 % -8.51 % -3.73 %
China 6.49 % 22.87 % -23.38 % -1.87 % -4.04 %
South America 1.47 % 37 % -15.26 % -26.86 % -3.72 %
Vehicle Total 9.37 % 14.23 % -12.51 % -13.9 % -2.67 %

Annual General Motors Vehicle Sales Growth
 
Vehicle Unit Sales GM Volume
(In % Y / Y)
2023
2022
2021
2020
2019
GM North America 13.99 % 4.12 % -11.97 % -13.16 % -3.52 %
GM U.S. 14.07 % 2.52 % -12.92 % -11.78 % -2.27 %
GM Cars
GM Trucks -4.69 % 1.45 % 17.74 %
GM Light Truck Total -6.11 % 4.1 % 15.17 %
GM Light Vehicle Total
GMC
GM Europe 0 %
GM Asia/Africa/Mid-East/Oceania -4.46 % -15.59 % -3.23 % -10.01 % -9.03 %
GM China -8.86 % -20.37 % -0.31 % -6.24 % 15.45 %
GM South America 0.44 % 15.01 % -88.56 % 413.3 % -84.05 %
GM Vehicle Total 4.26 % -5.6 % -7.88 % -11.52 % -7.89 %

Annual Ford Motor Vehicle Sales Growth
 
Vehicle Unit Sales Ford Volume
(In % Y / Y)
2023
2022
2021
2020
2019
Ford North America 24.26 % 17.15 % -3.6 % -24.74 % -5.31 %
Ford Vehicle U.S.
Ford South America 39.76 % 2.47 % -56.22 % -37.29 % -19.18 %
Ford Europe 35.8 % 13.8 % -12.65 % -28.07 % -8.04 %
Premier Automotive Group
Ford Asia Pacific & Africa -17.2 % 7.1 % -0.77 % -22.13 %
Ford Vehicle Total 4.3 % 7.33 % -26.81 % 0 % -10.38 %




Picture Autor: (DeeMusil) licence Creative Commons.





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