Despite Ugliness at Stellantis, Nissan, & Tesla, New Vehicle Sales in Q2 Rose to the Best Q2 Since 2021, but June Stalled.

by Wolf Richter
Wolf Street

Cybertruck may be entering automotive history as the most expensive failed model ever.

Sales of new vehicles in June fell 4.2% year-over-year, to 1.25 million vehicles, after the best March (1.59 million) since 2021, a strong April (1.46 million), and a middling May (1.46 million). But June had only 24 selling days, compared to 26 in June 2024.

The seasonally adjusted annual rate of sales, which accounts for the number of selling days, was up year-over-year by 2.3%, according to the Bureau of Economic Analysis today. But month-to-month, the sales rate fell for the third month in a row. At 15.3 million new vehicles, it was way down from March (17.8 million) and from April (17.3 million). Those two months had been powered by a very good tax-refund season – they make great down-payments – and by some folks’ efforts to front-run any tariffs. Those two factors had pulled sales forward. Both of these factors subsided in May and June.

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