Tomorrow, Wednesday, Oct. 24, after the market close, both Ford Motor Company and Tesla will report Q3 2018 financial results, kicking off an important earning season for the domestic auto makers. FCA and General Motors will report Q3 numbers the following week.
Ahead of the earnings, Cox Automotive’s Industry Insights team pulled together a quick snapshot of U.S. market performance including brand sales, market share, and average transaction prices from our many resources. Download the Excel file below. This data is U.S. market data only.
While we recognize financial results reflect global performance, the U.S. is each company’s core, most-profitable market. This snapshot is hopefully useful background for your reporting. Additionally, Toyota data is included for reference.
As the U.S. auto industry closes the books on Q3 2018, our experts will be watching the impact of higher interest rates on U.S. consumers, tariff threats and a slowing housing sector. Our team continues to forecast lower sales volumes in the final months of 2018, with the year ending at 16.8 million new-car sales, down from 2017 volumes. Used-car sales are expected to increase to 39.5 million, up slightly from year-ago levels.
If you have questions about the auto industry’s performance in Q3 2018 or what to expect for the remainder of the year, don’t hesitate to contact us. We’d be happy to connect you with one of our expert analysts.