U.S. auto sales break record in 2015
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January 05, 2016 12:00 AM

U.S. auto sales break record in 2015

Detroit 3, Nissan, Toyota, Honda finish 2015 on strong note as trucks set pace again

David Phillips
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    DAVID PHILLIPS
    Trucks, crossovers and SUVs continued to drive the industry's U.S. sales gains in December and 2015.

    Editor's note:  An earlier version of this story provided incorrect context for December's SAAR.  It was the lowest since June.

    The U.S. auto industry set a sales record in 2015 as solid December gains by the biggest automakers pushed the annual tally above the 17,402,486 mark set in 2000.

    Automakers chalked up 17,470,659 light-vehicle sales last year, an increase of 5.7 percent over 2014, according to the Automotive News Data Center. The December increase of 8.9 percent was one of the year’s strongest, while the seasonally adjusted annual sales rate came in at 17.3 million, the lowest since June.

    Among the largest automakers, Nissan Motor Co. was the biggest gainer, with a 19 percent jump from December 2014 levels. FCA US climbed 13 percent. Volume rose 11 percent at Toyota Motor Corp. and 10 percent at Honda Motor Co. Ford Motor Co. volume increased 8.3 percent while General Motors deliveries rose 5.7 percent.

    Heading into today, most analysts had forecast a seasonally adjusted annual sales rate above 18 million and a 12-month total of 17.5 million light vehicles. GM and FCA said today the SAAR would come in slightly below 18 million.

    U.S. sales continue to be driven by low gasoline prices, pent-up demand, widespread credit availability, an increase in leasing and employment gains.

    Trucks, SUVs and crossovers continued to set the pace, jumping 19 percent in December and 13 percent in 2015. Car demand remains weak, falling 3.8 percent last month and 2.3 percent for the year.

    “2015 was a standout year for the auto industry,” Bill Fay, group vice president and general manager for the Toyota division, said in a statement. “Best-ever light truck sales helped the Toyota division earn the retail sales crown for the fourth consecutive year.”

    Volume rose 12 percent at the Toyota brand, 3.8 percent at Lexus and 44 percent at Scion last month.

    DAVID PHILLIPS

    Even with steep discounts, U.S. car sales remained weak in 2015.

    Lexus passed Mercedes-Benz, but BMW held on in December to top the luxury segment in 2015 for its fourth sales crown in five years. The race was tight until the end. BMW finished 2015 with luxury sales of 346,023, followed by Lexus with 344,601 and Mercedes with 343,088, which excludes Sprinter deliveries. All three luxury brands, along with Audi and Porsche, set annual U.S. sales records last year.

    Deliveries at Honda Motor Co. rose 9.9 percent with the Honda brand up 12 percent and Acura off 5.5 percent. The Honda brand, riding a wave of new or redesigned crossovers, set an annual record with 2015 deliveries of 1,409,386, up 2.6 percent.

    Subaru's U.S. sales advanced 13 percent last month, helping the brand to another annual milestone of 582,675 cars and light trucks sold, up 13 percent.

    Among smaller automakers, December sales rose 18 percent at Mazda on strong truck volume, and 21 percent at Mitsubishi. Volvo saw volume surge 90 percent in December and 24 percent for the year.

    Enhanced year-end discounts and five sales weekends in December put a solid cap on a sixth consecutive year of growth. There were also two extra selling days last month compared with December 2014.

    Company results

    Nissan’s December boosted the automaker’s gain for the year to 7.1 percent. The Nissan brand advanced 18 percent last month, helping set an annual sales record of 1,351,420. Infiniti volume rose 26 percent in December.

    Fiat Chrysler, behind another stellar showing at the Jeep brand and more-generous holiday deals, extended its streak of gains to 69 consecutive months.

    Deliveries increased 42 percent at Jeep, 4 percent at Ram, 6 percent at Dodge and 1 percent at Fiat, but volume slipped 21 percent at the Chrysler brand.

    Overall, FCA's U.S. truck sales jumped 22 percent while car demand slid 19 percent.

    Jeep set an annual U.S. sales record with 865,028 deliveries. The Ram brand also posted its best sales year since it was spun off from Dodge in 2009.

    Fiat Chrysler’s U.S. incentives averaged $3,553 last month, or 12 percent higher than December 2014, TrueCar estimated.

    Ford deliveries were aided by an 8.1 percent gain at the Ford division and a 12 percent increase at Lincoln.

    GM’s 5.7 percent increase included an 8 percent rise in retail sales. Volume rose 1.7 percent at Buick, 2.1 percent at Chevrolet, 13 percent at GMC and 29 percent at Cadillac.

    DAVID PHILLIPS
    The Jeep Cherokee midsize SUV, Compass compact crossover and Renegade subcompact crossover recorded their best-ever monthly sales, while the Wrangler midsize SUV, pictured, and Patriot compact crossover set December volume records.

    » Click here for more detailed sales data

    » Click here to skip the data and read the article

    CLICK ON COLUMN HEADERS TO SORT BY FIELD.

    AutomakerDec. 2015Dec. 2014Pct. chng.12 months

    2015

    12 months

    2014

    Pct. chng.
    BMW Group39,72948,234–17.6%405,677396,9612.2%
        BMW34,62541,526–16.6%346,023339,7381.9%
        Mini5,0096,615–24.3%58,51456,1124.3%
        Rolls-Royce*95932.2%1,1401,1112.6%
      BMW Group39,72948,234–17.6%405,677396,9612.2%
    Daimler AG38,91838,2701.7%380,461366,5893.8%
        Mercedes-Benz38,24937,2972.6%372,977356,1364.7%
        Smart USA669973–31.2%7,48410,453–28.4%
      Daimler AG38,91838,2701.7%380,461366,5893.8%
    FCA US217,527193,26112.6%2,243,9072,090,6397.3%
        Alfa Romeo5767–14.9%66391628.6%
        Chrysler24,29230,930–21.5%324,846308,7855.2%
        Dodge49,25646,5785.7%517,153574,155–9.9%
        Fiat3,8053,7840.6%42,41046,121–8.0%
        Jeep89,65463,27441.7%865,028692,34824.9%
        Ram50,46348,6283.8%493,807469,1395.3%
      FCA US217,527193,26112.6%2,243,9072,090,6397.3%
        Ferrari*1771760.6%2,1242,1100.7%
        Maserati1,0731,412–24.0%11,69712,943–9.6%
    Fiat Chrysler Automobiles**218,777194,84912.3%2,257,7282,105,6927.2%
    Ford Motor Co.237,606219,3698.3%2,603,0822,471,3155.3%
        Ford226,746209,6798.1%2,501,8552,376,8415.3%
        Lincoln10,8609,69012.1%101,22794,4747.1%
      Ford Motor Co.237,606219,3698.3%2,603,0822,471,3155.3%
    General Motors290,230274,4835.7%3,082,3662,935,0085.0%
        Buick20,70820,3571.7%223,055228,963–2.6%
        Cadillac20,78716,15028.7%175,267170,7502.6%
        Chevrolet188,794184,9382.1%2,125,3472,033,4424.5%
        GMC59,94153,03813.0%558,697501,85311.3%
      General Motors290,230274,4835.7%3,082,3662,935,0085.0%
    Honda (American)150,893137,2819.9%1,586,5511,540,8723.0%
        Acura16,82317,809–5.5%177,165167,8435.6%
        Honda134,070119,47212.2%1,409,3861,373,0292.6%
      Honda (American)150,893137,2819.9%1,586,5511,540,8723.0%
    Hyundai-Kia117,749110,0947.0%1,387,5281,305,9526.2%
        Hyundai63,50864,507–1.5%761,710725,7185.0%
        Kia54,24145,58719.0%625,818580,2347.9%
      Hyundai-Kia117,749110,0947.0%1,387,5281,305,9526.2%
    Jaguar Land Rover N.A.9,6387,43729.6%85,04867,23826.5%
        Jaguar1,1971,683–28.9%14,46615,773–8.3%
        Land Rover8,4415,75446.7%70,58251,46537.1%
      Jaguar Land Rover N.A.9,6387,43729.6%85,04867,23826.5%
    Mazda29,29424,80818.1%319,183305,8014.4%
      Mazda29,29424,80818.1%319,183305,8014.4%
    Mitsubishi7,8876,54520.5%95,34277,64322.8%
      Mitsubishi7,8876,54520.5%95,34277,64322.8%
    Nissan North America139,300117,31818.7%1,484,9181,386,8957.1%
        Infiniti15,09312,00725.7%133,498117,33013.8%
        Nissan124,207105,31117.9%1,351,4201,269,5656.4%
      Nissan North America139,300117,31818.7%1,484,9181,386,8957.1%
    Subaru56,27449,92312.7%582,675513,69313.4%
      Subaru56,27449,92312.7%582,675513,69313.4%
    Tesla*1,9001,50026.7%22,80018,00026.7%
      Tesla*1,9001,50026.7%22,80018,00026.7%
    Toyota Motor Sales238,350215,05710.8%2,499,3132,373,7715.3%
        Lexus41,38039,8793.8%344,601311,38910.7%
        Scion5,5133,81744.4%56,16758,009–3.2%
        Toyota191,457171,36111.7%2,098,5452,004,3734.7%
        Toyota/Scion196,970175,17812.4%2,154,7122,062,3824.5%
      Toyota Motor Sales238,350215,05710.8%2,499,3132,373,7715.3%
    VW Group of America51,99953,770–3.3%555,084552,7200.4%
        Audi20,39919,2386.0%202,202182,01111.1%
        Bentley58141241.0%2,6863,00310.6%
        Lamborghini*63621.6%7567362.7%
        Porsche3,9363,27520.2%51,75647,00710.1%
        VW30,95634,058–9.1%349,440366,970–4.8%
      VW Group of America51,99953,770–3.3%555,084552,7200.4%
    Volvo Cars N.A.9,3414,92089.9%70,04756,36624.3%
      Volvo Cars N.A.9,3414,92089.9%70,04756,36624.3%
    Other***9296–4.2%1,1001,140–3.5%
    TOTAL1,641,9131,507,2298.9%17,470,65916,522,6635.7%

    Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere.

    Source: Automotive News Data Center

    Note:

    *Estimate

    **Fiat S.p.A. completed the acquisition of Chrysler Group LLC on Jan. 21, 2014; the companies were merged under holding group Fiat Chrysler Automobiles on Oct. 12, 2014.

    ***Includes estimates for Aston Martin and Lotus

    Leasing surge

    On Monday, Edmunds projected that leases will account for a record 29 percent of all new U.S. retail sales in 2015. That is up 2 percentage points from 27 percent in 2014 and compares with a leasing rate of 16.6 percent just 10 years ago.

    The growth in leasing is being spurred by higher vehicle and transaction prices. The average new-vehicle transaction price in 2015 was $33,188, up 2.5 percent from $32,386 in 2014, Edmunds says.

    Overall, average industry incentives per vehicle rose 3.9 percent from December 2014 to $3,063 last month, TrueCar estimates.

    Year-end deals and red-tag sales were plentiful across the U.S. last month:

    • Kia dangled offers of no payments for five months, with the first two monthly payments -- capped at $1,000 total -- paid for by the company. That’s on top of 0 percent financing for up to 66 months.

    • Average savings of $3,014, or nearly 15 percent, on a 2016 Jeep Compass Sport with all-wheel drive, according to TrueCar.

    • Zero percent financing on a 2015 GMC Sierra 1500 for up to 72 months.

    • A 2015 Volkswagen Tiguan available with zero percent financing for up to 60 months.

    • Hyundai’s 2015 Genesis, with awd, was available for lease for $370 a month for 36 months and no down payment.

    Among major automakers, FCA, Nissan and Hyundai/Kia gained U.S. market share last year while GM, Ford, Toyota, Honda and the VW Group lost ground.

    Brand records

    Of the 14 auto brands that set U.S. sales records in 2014, four -- Jeep, Land Rover, Porsche and Subaru -- established new records in 2015 before December. Hyundai and Kia also set all-time highs for U.S. deliveries in 2015.

    The final sales tally for 2015 marks the longest streak of annual gains since the 1920s and caps a spectacular comeback for the industry. The sharp downturn of 2008-09 -- sales slumped to a three-decade low of 10.4 million in 2009 -- roiled the industry and saw two U.S. automakers, General Motors and Chrysler Group, seek bankruptcy protection under government supervision.

    “It’s truly remarkable that the auto industry is finishing off its best year ever just six years after the depths of the Great Recession,” analyst Jessica Caldwell of Edmunds.com said. “Low-APR offers and tumbling gas prices are making it easy for shoppers to buy or lease a new car, but don’t overlook the products themselves. If you’re buying a new car today, you’re getting a safer, more fuel- efficient and more technologically packed vehicle than ever before.”

    Nick Bunkley and Amy Wilson contributed to this report.

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