Detroit — A number of automakers reported that U.S. sales rebounded strongly in May as the local market began to relax retail restrictions on pandemic diseases, which gave the U.S. manufacturing earlier confidence that when customers returned to the showroom, inventory need to add.
Modern The overall US sales fell by 13% in May, but it was significantly better than the 33% industry decline predicted by Cox Automotive. Hyundai Motor pointed out that retail sales increased by 5%. Luxury subsidiary sales Genesis The decline was in line with industry forecasts, and fell by 31%. Both have rebounded significantly from the April figures.
Toyota cars In May, overall US sales fell by about 26%, but retail demand rebounded to 86The percentage of the May 2019 level exceeded the company’s expectations. The spokesman said that from April to May, retail sales almost doubled.
Although not all car manufacturers reported monthly sales in April, Those that do show the worst decline since the start of the global recession in 2008 and 2009.
America’s largest automaker General Motors Said that it will continue to manufacture vehicles in most of the US factories to “meet the growing customer demand” instead of the traditional two-week summer shutdown from June 29, General Motors Spokesman Jean Kane said.
He said: “Our share has been increasing and we hope to pass this momentum to the other end of the pandemic.”
Half Ford Motor Company Eight US assembly plants have shortened downtime to one week. Others shifted the rest period to later this year.
Domestic automakers expressed concern in early May that inventory may be too low to meet rebounding demand, Especially on popular models such as full-size trucks. This is in stark contrast to the end of 2019, When production threats exceed demand and inventory increases.
The University of Michigan consumer survey followed the automotive industry, showing that 64% of the respondents surveyed in May said it was time Buy a car. This is an increase from 57% in April, the highest level since December. Those who say the time is poor or uncertain about the future fell to 28% from 38% the previous month.
(The Reuters report contributed to this story)