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Roadshow: Coronavirus pandemic continues to hammer car sales

By Sean Szymkowski, Roadshow on

Published in Automotive News

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 you might expect.

A number of automakers have released their Q2 results. It's worth noting there was one fewer selling day in June, with 25 days compared to 26 days in 2019.

Acura

The Japanese luxury brand reported that sales dropped by 28 percent in Q2. The RDX was a bright spot in June year-over-year, with sales up by 11 percent. The RLX sedan also saw increased sales of 152 percent, though that's from a previously small sales figure. This June, Acura sold 126 RLX sedans compared to 50 in June 2019.

BMW

The luxury marque said sales fell by 39 percent in Q2 with both cars and SUVs posting nearly identical decreases.

 

Fiat Chrysler Automobiles

The U.S. automaker saw sales decline by 39 percent year-over-year in Q2. Not a single FCA brand posted a gain, not even crown jewels Ram and Jeep. The truck and SUV divisions posted 35 percent and 27 percent sales decreases, respectively. Dodge and Chrysler didn't fare any better. Both brands posted drops, with the former reporting a 63 percent sales drop and the latter a 58 percent sales decrease. Fiat was down by 54 percent and Alfa Romeo reported a 21 percent decline.

Genesis

Hyundai Motor's luxury division reported a year-to-date sales decrease of 25 percent. The good news is retail sales rose by 6 percent in June, compared to May.

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