Yes, customers are back. But some of what they’re buying is surprising.
By Gary S. Vasilash
Although it was April Fool’s Day when the first quarter 2021 numbers for U.S. sales were announced by OEMs, the smiles were real in offices across the land as the SAAR (seasonally adjusted annual rate) rose to approximately 16.5-million units, or about a 12% sales increase compared to Q1 2020, which, of course, contained the first month of the pandemic in America.
This wasn’t supposed to happen
Plenty of people who seem to have a particular affection for liking the use of fossil fuel and has therefore been gloating over the fact that Toyota Prius sales have been dropping must have gotten a surprise. Despite that fact gasoline prices have been low for the past several months and still under $3.00 per gallon ($2.85 in the U.S. as of now, according to the Energy Information Agency), Prius sales rose 22.4% in Q1, to 14,050 units. (For a not apples-to-apples comparison: Chevy sold 7,089 Camaros during Q1.)
What is more striking is that all Toyota hybrids had a combined 152% increase, to 125,318 units. (“Thank you, RAV4,” they must be saying down in Plano.)
The Big Three?
Remember when that was General Motors, Ford and Chrysler?
GM is still big. Overall sales of 642,250 vehicles.
The other Two, however:
Ford, including Lincoln, had sales of 521,334.
FCA, including Chrysler, Jeep, Dodge, Fiat, Alfa Romeo, had sales of 469,651.
Toyota, including Lexus, 603,066. That’s a lot more than either Ford or FCA.
This wasn’t supposed to happen, 2
Everyone knows that (1) sedans are nearly dead in the market and (2) economical vehicles are so 2010.
Nissan, including Infiniti, had a good first quarter, with overall sales of 285,553 vehicles, which is a 10.8% increase over Q1 2020.
But there are two absolute standout vehicles in the Nissan lineup:
- Versa: 22,394 vehicles, or an 83.9% increase
- Sentra: 37,238 vehicles, or a 55.9% increase
Admittedly, crossovers like the Kicks (24,421 units) and the Rogue (86,720) were big contributors, the fact that the Versa and the Sentra did so well ought to make some analysts reconsider that whole “Cars are on life support” position.
This puts March 21 vs. March 20 in perspective
In March 2020 Hyundai delivered 35,118 vehicles.
In March 2021 Hyundai delivered 75,403 vehicles.
That is a 115% increase.
Still: Wear a mask.