Most automakers posted big sales gains in Northeast Ohio in June
Auto sales boomed in Northeast Ohio in June with General Motors, Chrysler and Hyundai all posting massive gains, but Japanese automakers Honda and Toyota posted sales declines.
As it has been for most of the past two years, Hyundai was the fastest-growing brand in the region with sales up 49 percent. Chrysler was close behind with a 48 percent jump.
General Motors maintained its sales lead in the region, selling 4,093 cars and trucks, 37 percent more than it did in June of 2010. Hyundai sold 2,606 vehicles last month while Chrysler sold 1,852.
“Growth in sales of new cars and trucks slowed slightly due to tighter inventories of many popular vehicles,” Greater Cleveland Automobile Dealers Association President Lou Vitantonio said in a written statement. “Sales are expected to pick back up in July, as dealer inventories return to normal. We expect this trend to continue through August. Credit is more available, and if fuel prices continue to fall, it will only help consumer confidence.”
In May, sales in Northeast Ohio jumped about 27 percent. Last month sales climbed 14 percent.
Ford Motor Co., the automaker that dominated Northeast Ohio sales last year, grew 9 percent in June. Though sales have been strong this year, sharper gains at GM have pushed Ford back to the No. 2 position.
Toyota and Honda continued to lag that growth as both companies deal with shortages of vehicles and parts made in Japan in the wake of natural disasters in that country. Honda expects its production to be back to normal by the end of August. Toyota has targeted September or October for a return to normal operations.
Toyota took the biggest hit with sales down 29 percent. Honda sales were off only 4 percent.
Sales of large commercial trucks were much stronger than the rest of the market. At Freightliner, sales more than tripled to 41 vehicles from 13 a year ago. The commercial market as a whole was up 65 percent to 109 vehicles. With such small numbers, a few extra vehicles can lead to huge percentage gains, but sales have increased steadily in the commercial market all year.
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