As expected, the U.S. automotive industry has enjoyed increasing sales overall in 2015, and the numbers were no different for July. According to the Detroit Free Press, new vehicle sales rose 6.4% in July for General Motors, 6% for Fiat Chrysler Automobiles, and 5% for Ford. With the help of falling gas prices and an improving job market, sales keep on rising. Due to gas prices falling, sales of pickup trucks, SUVs, and crossovers are becoming more popular.
For Fiat Chrysler, in the United States, Jeep sales rose by 23%, Chrysler sales rose by 10%, and Ram rose by 1%. Despite these increases in sales, Dodge fell by 13%, and Fiat sales fell by 15%. At Ford, sales of the Ford Mustang increased by 29%, and the luxury brand of Lincoln rose by 21%, led by the sales of the MKC crossover. In addition to this, Ford's results were also helped an increase of 4.8% in sales of the F-Series pickup truck.
GM's growth from the month of July was led by Buick, which increased sales by 17.6%, led by a 64% gain in sales of the Encore compact crossover. Chevrolet sales rose by 7.8%, largely due to a 34% increase in sales of the Silverado pickup truck. In addition to this, GMC sales were up 1.4%, while Cadillac sales decreased by 7%.
These increases in sales are mostly due to large and mid size pickup trucks, as well as large and mid size crossovers. These cars seem to be increasingly popular at the moment, while the demand and sales of SUVs is falling. For example, at Ford, sales of the Lincoln Navigator increased by 24%, but sales of the Expedition on the other hand fell by 37.5%.
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