Latest data shows U.S. car sales plunge

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Leading car producers have released their quarterly (Q1) 2020 reports and here are the results. As expected all producers reported a massive drop.

Mazda North American Operations (MNAO) today reported total March sales of 15,664 vehicles, a decrease of 41.8 percent compared to March 2019. Year-to-date sales totaled 67,670 vehicles, a decrease of 4.5 percent. With 25 selling days in March, compared to 27 the year prior, the company posted a decrease of 37.2 percent on a Daily Selling Rate (DSR) basis.

Mitsubishi Motors North America, Inc. (MMNA) today reported March sales of 9,394 vehicles, down 52 percent over March of 2019. Calendar year-to-date sales through the end of March totaled 35,563 vehicles, a decrease of 15.5 percent compared with the same period in 2019.

Hyundai Motor America reported total March sales of 35,118 units, a 43% decrease in comparison with March 2019. This result was due to the substantial business disruptions across Hyundai’s organization and the entire automotive industry from the COVID-19 global pandemic. Fleet sales were down 54% in March and represented 18% of total volume.

Porsche Cars North America, Inc. (PCNA) today announced a year-on-year decline in first quarter U.S. retail deliveries as the coronavirus pandemic slowed overall automotive sales. PCNA is the sole licensed importer and distributor of the Porsche 911, 718 Boxster and Cayman, Macan, Cayenne, Panamera and Taycan model lines. Retail deliveries by the 192 independently owned and operated U.S. dealers totaled 11,994 from January through March, down 20.2 percent from a year ago, after a record 2019 that marked a decade of sustained growth.

General Motors (NYSE: GM) announced today that it delivered 618,335 vehicles in the first quarter of 2020, a decrease of about 7 percent compared to a year ago. The industry experienced significant declines in March due to the outbreak of COVID-19.

Volkswagen of America’s Q1 2020 sales fell 13%.;March sales down 42% due to pandemic crisis.

BMW of North America announced today Q1 2020 sales results for the BMW and MINI brands in the U.S. For the sales period ending March 31, 2020 BMW brand sales totaled 59,455 vehicles, a decrease of 15.3% vs the 70,227 vehicles sold in the same time period last year.* MINI brand sales totaled 5,237 vehicles, a decrease of 35.1% vs the 8,072 vehicles sold in the first quarter of 2019.