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52-pct. plunge in July vehicle sales
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Posted on Aug 02 2011
Automotive dealers posted a 52-percent decrease in their July vehicle sales, a month after posting a 3-percent increase.
The Commonwealth Auto Dealers Association, in its latest sales report released yesterday, said Joeten Motors, Microl Corp. and Triple “J” Motors sold only 23 new cars, vans, trucks and sport utility vehicles in July compared to 48 in the same month last year.
CADA’s July sales were also lower than the previous month’s 35 sold units.
The 23 new vehicles sold between January and July brings the year-to-date vehicle sales to 256, also a 28-percent drop from the prior year.
The automotive industry has been seeing mostly monthly decreases in sales for years now as a result of a weak economy, with consumers holding on to their dollars or use their money to pay for other things such as power and water bills.
Of the 23 new vehicles sold in July, 14 were from Joeten Motors, six from Microl Corp., and three from Triple “J” Motors.
There were more new SUVs sold than cars in July. CADA’s SUV sales included two each of Nissan Rogue and Toyota 4 Runner, and one each of Hyundai Tucson, Kia Sportage, Nissan Murano and Nissan Pathfinder.
CADA sold five units each of new cars, vans and trucks.
The new cars sold last month included one unit each of Ford Fiesta, Hyundai Azera, Kia Soul, Mazda3 and Toyota Camry.
Of the five trucks sold, four were Ford Ranger and one was Toyota Tacoma.
As for vans, CADA sold two units each of Ford E-Van and Toyota Sienna, along with one Nissan Quest.
CADA also sold only 15 used vehicles, bringing the year-to-date figure to 153.
