It’s hard to believe, but the second quarter of the year has come to a close. For automakers, it wasn’t great news when it comes to sales,.
As more automakers release their Q2 results, we’ll update this story and include them below. So far, Fiat Chrysler Automobiles and Hyundai have reported their results.
Fiat Chrysler Automobiles
The US automaker saw sales decline by 39% year-over-year in Q2. Not a single FCA brand posted a gain, not even crown jewels Ram and Jeep. The truck and SUV devisions posted 35% and 27% sales decreases, respectively. Dodge and Chrysler didn’t fare any better. Both brands posted drops, with the former reporting a 63% sales drop and the latter a 58% sales decrease. Fiat was down by 54% and Alfa Romeo reported a 21% decline.
The South Korean brand reported a 24% sales decline in Q2 compared to this time last year. Hyundai did say retail sales grew by 6% in June, which may be a sign that car buyers are starting to return to the market. Fleet sales plunged by 93%, which isn’t a surprise noting far lower levels of travel and low rental car take rates. ( , for example.)
The big winner? SUVs, of course. Thesaw sales grow by 34%, sales increased by 14% and the tiny recorded a 1% sales increase from May to June.