The first-quarter of 2019 came to a close last week, with new-vehicle sales in March coming in slightly stronger than anticipated as the quarter closed. Still, sales in Q1 2019 were down 2.7% versus year-ago levels. Had it not been for strong fleet numbers the results would have been worse. Retail sales were down 4% through the quarter, while fleet sales jumped 6%.
At the corporate level, more companies were down than up, with big drops at Mazda (-15.7%) and Nissan (-12.1%). Tesla’s sales success (+78.7%) can’t be ignored, but newly-introduced Model 3 sales in Q1 this year more than explain the growth. For Tesla, the year-on-year growth comparisons will only get harder through the remainder of the year.
|Ford Motor Co||586,956||596,794||-1.6%|
|Toyota Motor Co||543,716||572,033||-5.0%|
*Tesla estimate from InsideEVs.com