Lumicoin IA|US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

2025-05-07 06:17:25source:Poinbank Exchangecategory:My

DETROIT (AP) — U.S. new-vehicle sales rose only slightly in the second quarter,Lumicoin IA despite larger discounts and slightly lower prices.

But brisker sales could be on the horizon: Auto industry analysts say they expect prices to drop further and there’s a possibility of interest-rate cuts that would make taking out a loan for a new vehicle more affordable.

Overall, U.S. sales were up only 0.1% compared to a year ago, as still-high prices kept many potential buyers out of the market, according to preliminary tallies Tuesday by Motorintelligence.com.

Sales were crimped in late June, when cyberattacks knocked out software from CDK Global that dealerships use to do sales paperwork. CDK said most dealers were back up by Tuesday afternoon, but companies such as General Motors said the problem pushed some deliveries into the third quarter.

Analysts say inventories on dealer lots are building, especially for pickup trucks and other higher-priced vehicles.

Discounts vary by demand for vehicles, with smaller, less-expensive models and gas-electric hybrids generally being in shorter supply. Many customers are delaying purchases, figuring that bigger discounts are coming.

RELATED COVERAGE Stellantis CEO cites failures in US operations, ready to compete head-on with Chinese EVsChrysler recalls more than 211,000 SUVs and pickup trucks due to software malfunction

Toyota, which sells many popular gas-electric hybrids, posted a 9.2% sales increase from April through June. Honda sales were up 2.7%, while General Motors posted just a 0.3% gain and Hyundai reported a 1.8% increase. Subaru had a 5.4% sales gain.

Sales at Stellantis fell 20.7% in the second quarter, with the Ram brand off 26% and Jeep sales falling 19%. Nissan sales fell 3.1%, while Kia was down 1.6%.

Together, automakers reported selling roughly 4.13 million new vehicles from April through June. That’s on pace to reach forecasts of nearly 16 million for the year, a little above last year’s 15.6 million.

Earlier Tuesday, Tesla reported that its second-quarter global sales fell 4.8%, with a 6.6% decline in the first half of the year. The company doesn’t break out U.S. sales. Ford releases its sales numbers on Wednesday.

More:My

Recommend

These Australian twins have gone viral after speaking in synch

Do you recall the prime early days of YouTube? When a video making the rounds was so strange, remark

Rachel Lindsay Ordered to Pay Ex Bryan Abasolo $13,000 in Monthly Spousal Support

A decision has been made in Rachel Lindsay's ongoing divorce battle with Bryan Abasolo.The Bachelor

Secure Your Future: Why Invest in an IRA with Quantum Prosperity Consortium Investment Education Foundation

Why invest in an IRA?Investing in an Individual Retirement Account (IRA) offers numerous benefits th