Welcome to the Daily 5 report for Tuesday, July 1.
A month ago in the Daily 5, we asked how long robust U.S. sales could last.
We might have our answer: The light-vehicle market slowed considerably in June after a strong spring that was fueled by consumers rushing to lock in prices before the effects of U.S. tariffs on imports would be felt.
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Indeed, many sales were pulled ahead in March, April and May. This negatively impacted June and the second-half outlook, analysts say.
In fact, in March and April alone, J.D. Power said, approximately 173,000 extra vehicles were sold as buyers accelerated plans to buy.
"That pull-ahead effect has now become a payback effect, deflating June sales below the actual level of vehicle demand," said Thomas King, head of data and analytics at J.D. Power.
Ford Motor Co. managed a 14 percent increase in second-quarter sales. Keep in mind, Ford is promoting employee pricing offers. General Motors sales were also up in the quarter while both Nissan and Infiniti were down.
For June, Toyota and Honda posted gains. Hyundai and Genesis also were up, but Kia sales slipped. Deliveries fell for the second-straight month at Subaru and Mazda sales were also down.
As the Daily 5 went live, we were still waiting for several automakers to report, so be sure to keep an eye on our sales live blog for updates.
Also today, check out our latest buy-sell updates. And we reported on a NHTSA investigation involving Range Rover Sports and a recall of Stellantis minivans.
That's it for now. Have a great rest of your day.
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— Wes Raynal, assistant web editor
