久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Automakers stuck in US market as buyers step back

China Daily | Updated: 2017-06-05 08:20

With the United States auto industry barreling toward its first annual decline since 2009, automakers are having to pick their poison: Slash revenue-generating production or close deals at steep discounts.

Carmakers tempered the market's slowdown in May with Memorial Day promotions and bulk shipments to rental fleets, allowing several to report better results than analysts estimated.

Even still, the annualized rate of sales fell more than projected and the industry extended a streak of declining deliveries to five straight months.

"We are seeing an artificially sustained market," said Mark Wakefield, a managing director and head of the automotive practice at consultant AlixPartners.

"It's undeniable that retail demand is down. It's not only down, it's down fairly steadily in the first five months of the year. It's not like it's bouncing around and you can't really see the trend."

The annualized sales rate, adjusted for seasonal trends, slipped to 16.7 million last month, according to Autodata.

Analysts had projected a 16.8 million pace, down from 17.2 million a year earlier.

May's results sealed the first three-month stretch since 2014 during which the monthly sales pace fell short of 17 million.

The lack of consumer demand even amid readily available financing, low gasoline prices and strong job growth belies underlying weakness within the market.

Ford Motor's sales of cars and light trucks rose 2.3 percent in May, with deliveries to fleet customers carrying the company to a rare monthly victory over General Motors.

While Ford, Nissan Motor and Honda Motor's gains inched the industry closer to its first increase in total monthly deliveries this year, Hyundai Motor dashed those hopes by reporting a surprising 15 percent sales plunge.

Without discounted deliveries to bulk customers-particularly daily-rental companies-Ford's sales would have dropped in May, as actual consumers dialed back purchases.

Automakers also continue to spend record sums on incentives to support slumping passenger-car models and clear inventory from crowded dealer lots.

"It's a bit of smoke and mirrors," Jessica Caldwell, executive director of auto-market researcher Edmunds, said in an email. Automakers "really pushed the deals over the holiday weekend to prop up their May numbers".

While Detroit-based GM beat Ford on retail sales by about 33,000 light vehicles last month, GM's total deliveries trailed its crosstown rival for the first time since March 2016.

"It feels good for about 10 seconds, but we're moving on to June," Mark LaNeve, Ford's US sales chief, told analysts on a conference call. "It happens once in a while and we don't pay much attention to it."

Ford and GM's gains reduced year-to-date losses, but the stocks continue to lag the benchmark S&P 500 Index, which has advanced 8.5 percent in 2017.

ISport utility vehicles including Nissan's Rogue, Ford's Explorer and Toyota Motor Corp's RAV4 continued to gain in May.

With those models tending to sell at higher prices than slow-selling sedans and coupes, automakers have more room to bargain with buyers.

Soft landing

"We're in the soft landing that we expected," Jeff Schuster, an analyst with researcher LMC Automotive, said by phone.

"Incentives are up, but so are sales of vehicles that can absorb discounts."

With another disappointing month in the books, analysts are reconsidering how the industry will fare for the full year.

Goldman Sachs Group Inc and RBC Capital Markets analysts have said they're rethinking their projections for 2017 US sales. Market researchers LMC Automotive and ALG already cut their estimates.

As American consumers become less upbeat about the economy and credit tightens, automakers are expected to schedule more down time and cut shifts at US factories.

"We will see more production cuts, particularly in passenger cars," Michelle Krebs, an analyst with Autotrader, said by phone. "After seven years of growth, sales were bound to reach a plateau."

Buyer incentives

Incentive spending reached a May record of $3,583 per vehicle on average during the beginning of the month, according to J.D. Power. Despite all that deal-making, the average number of days a vehicle spends on dealers' lots has topped 70 for the first time since 2009, during the depths of the industry's crisis.

While a pace of more than 16 million is historically strong and plenty profitable, slower sales have saddled automakers with too much inventory and precipitated bigger discounts and greater reliance on fleet customers.

"This is one of the tests of discipline," AlixPartners' Wakefield said of high fleet sales in May.

"It has to be a temporary crutch and not something they go back to the well on every month, because then you get into a downward spiral."

BLOOMBERG

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    精品国产髙清在线看国产毛片| 精品国产精品网麻豆系列| 性欧美大战久久久久久久久| 欧美一区二区三区日韩| 国产又黄又大久久| 国产精品成人一区二区艾草 | 一本久久精品一区二区| 午夜一区二区三区视频| 精品日韩一区二区三区| 国产精品一级片在线观看| 1024亚洲合集| 欧美精品日韩综合在线| 国产精品白丝jk黑袜喷水| 亚洲免费三区一区二区| 蜜桃av一区二区| 国产亚洲精品久| 日本久久电影网| 蜜桃久久久久久| 中文字幕av一区二区三区免费看| 欧洲一区在线电影| 久久99国产精品久久99果冻传媒| 最新高清无码专区| 91精品国产一区二区三区香蕉 | 国产精品69毛片高清亚洲| 日韩一区在线免费观看| 欧美一区二区精品在线| 成人h动漫精品一区二| 午夜精品一区在线观看| 久久久www免费人成精品| 欧美午夜精品免费| 国产不卡免费视频| 肉色丝袜一区二区| 国产精品视频在线看| 欧美区一区二区三区| 成人一区在线观看| 日韩中文字幕91| 国产精品黄色在线观看| 日韩一区和二区| 色综合欧美在线视频区| 国产麻豆精品在线观看| 亚洲成a天堂v人片| 国产精品网站在线播放| 日韩网站在线看片你懂的| 一本色道久久综合亚洲91| 国内精品伊人久久久久影院对白| 亚洲国产日韩a在线播放| 国产精品乡下勾搭老头1| 亚洲国产中文字幕在线视频综合| 国产剧情av麻豆香蕉精品| 久久久久国产精品人| 欧亚洲嫩模精品一区三区| 国产a久久麻豆| 天天操天天干天天综合网| 综合色中文字幕| 久久综合九色综合欧美98| 欧美日韩中字一区| 99视频一区二区三区| 黑人精品欧美一区二区蜜桃| 亚洲国产视频在线| 亚洲人成影院在线观看| 欧美激情综合五月色丁香小说| 欧美一区在线视频| 欧美色综合久久| 99r精品视频| 成人免费视频视频| 国产精品一区二区在线看| 麻豆精品国产传媒mv男同| 午夜欧美视频在线观看| 一区二区三区**美女毛片| 国产精品成人免费精品自在线观看| 2022国产精品视频| 日韩精品一区二区三区中文精品| 欧美精品亚洲二区| 欧美日韩精品一区二区在线播放| 91亚洲永久精品| 不卡的看片网站| 国产很黄免费观看久久| 久久99日本精品| 美女久久久精品| 青青草伊人久久| 三级精品在线观看| 丝袜美腿高跟呻吟高潮一区| 亚洲成av人片一区二区三区| 亚洲一区精品在线| 亚洲激情图片小说视频| 亚洲精品乱码久久久久久| 亚洲欧美日韩国产手机在线| 自拍视频在线观看一区二区| 亚洲欧美一区二区视频| 中文字幕一区二区三区四区不卡 | 国产欧美一区二区精品仙草咪| 精品美女一区二区三区| 欧美一二三四区在线| 日韩欧美中文字幕一区| 日韩欧美国产1| 精品久久久久久最新网址| 精品捆绑美女sm三区| 2017欧美狠狠色| 久久精品亚洲乱码伦伦中文| 国产欧美久久久精品影院| 日本一区二区三区四区在线视频| 国产色一区二区| 中文字幕精品一区二区精品绿巨人| 欧美国产一区在线| 国产精品国模大尺度视频| 亚洲三级电影全部在线观看高清| 亚洲精品国产一区二区三区四区在线| 亚洲激情六月丁香| 午夜精品一区二区三区三上悠亚 | 日本中文在线一区| 蜜臀久久99精品久久久久久9| 久久99国产精品免费网站| 国产一区二三区| 成人午夜激情视频| 色一情一乱一乱一91av| 欧美日韩国产综合一区二区三区| 3751色影院一区二区三区| 日韩美女在线视频| 久久久久久亚洲综合影院红桃| 国产精品久久网站| 一区二区三区在线免费| 日韩国产欧美三级| 国产在线精品一区二区夜色 | 精品日韩99亚洲| 国产欧美一区二区三区网站| 亚洲婷婷综合色高清在线| 亚洲国产综合在线| 蜜桃精品视频在线观看| 国产成人激情av| 色综合久久天天综合网| 91麻豆精品国产91久久久久| 2020国产精品久久精品美国| 亚洲欧洲精品成人久久奇米网| 亚洲一区在线观看免费观看电影高清| 日产国产高清一区二区三区 | 91精品国产麻豆| 国产香蕉久久精品综合网| 亚洲色图一区二区三区| 日本免费在线视频不卡一不卡二| 国产精品99久久不卡二区| 色综合久久久久久久久| 91精品国产aⅴ一区二区| 中文av字幕一区| 亚洲国产成人av| 国产精品亚洲第一区在线暖暖韩国 | 一区二区在线看| 麻豆精品视频在线观看视频| av在线免费不卡| 在线电影一区二区三区| 日本一区二区三区电影| 亚洲二区在线观看| 国产91综合网| 欧美精品国产精品| 国产精品久久久久婷婷| 日韩精品免费视频人成| 成人国产在线观看| 欧美精品一级二级三级| 国产精品伦理一区二区| 免费看日韩精品| 色综合天天综合色综合av | 色婷婷激情综合| 精品国产乱码久久久久久牛牛 | 国产成人在线视频播放| 欧美男生操女生| 国产精品剧情在线亚洲| 美日韩一区二区| 色狠狠综合天天综合综合| 久久婷婷久久一区二区三区| 亚洲第一狼人社区| 成人深夜福利app| 日韩一级高清毛片| 一区二区欧美在线观看| 国产a久久麻豆| 欧美一区二区成人| 一区二区三区波多野结衣在线观看 | 成人综合在线视频| 欧美一级久久久| 亚洲免费三区一区二区| 国产精品77777竹菊影视小说| 3atv在线一区二区三区| 依依成人精品视频| 成人永久免费视频| 精品国产伦一区二区三区免费| 亚洲国产精品嫩草影院| 99视频精品全部免费在线| 久久中文字幕电影| 日韩不卡一区二区| 欧美伊人精品成人久久综合97| 国产精品色一区二区三区| 精品一区二区三区免费观看| 欧美日韩国产一二三| 亚洲精品免费在线观看| 成年人网站91| 国产日韩欧美一区二区三区综合 | 在线观看av不卡| 国产精品久久久久久久久动漫| 精品一区二区三区视频| 欧美一区二区三区免费观看视频| 亚洲精品写真福利| aaa国产一区|