Tuesday, August 2, 2016

July 2016 Truck Sales – Mid-Size Trucks Dominate

The surprising resurgence in mid-size trucks has fueled another month of increased truck sales with those trucks dominating the results. While their full-size brethren tried to keep pace, the mid-size trucks were really the July sales stars.

July 2016 Truck Sales - Mid-Size Trucks Dominate

With the new 2017 Toyota Tacoma TRD Pro hitting dealer lots later this month, one should expect Tacoma sales to continue to grow.

Before we dive too deep into analyzing the month, here are the results.

Rank Model YTD Sales YTD vs. 2015 Year-Over-Year Monthly Sales Monthly Change vs. 2015
1 - Ford F-Series 460,091 +8.8% July 2016
July 2015
65,657
66,288
-1.0%
2 - Chevy Silverado 327,768 -1.3% July 2016
July 2015
54,116
56,380
-4.0%
3 - Ram Truck 270,637 +6.2% July 2016
July 2015
39,827
39,159
+1.7%
4 - GMC Sierra 128,894 +6.8% July 2016
July 2015
22,428
19,808
+13.2%
5 - Toyota Tacoma 111,615 +5.5% July 2016
July 2015
16,580
17,033
-2.7%
6 - Toyota Tundra 65,440 -8.5% July 2016
July 2015
10,474
10,511
-0.4%
7 - Chevrolet Colorado 60,422 +23.9% July 2016
July 2015
9,159
7,209
+27.5%
8 - Nissan Frontier 52,255 +34.0% July 2016
July 2015
7,244
4,194
+72.7%
9 - GMC Canyon 20,894 +18.2% July 2016
July 2015
3,532
2,654
+33.1%
10 - Nissan Titan 7,242 +0.9% July 2016
July 2015
1,143
1,126
+1.5%
11 - Honda Ridgeline 5,992 +1,077% July 2016
July 2015
3,518
6
+58,533%

While the Frontier sales growth (72.7%!) leads off the list of surprises, the Ridgeline faired pretty well in its inital sales and the Chevy Colorado continued to improve (likely thanks to GM increasing production by moving vans out of Wentzville).

Once again, we see the Tacoma leading the Tundra as the larger truck continues to tread water against prior year’s sales numbers. One can expect this trend to continue with the Tacoma TRD Pro expected to hit dealer lots later this month.

Ford and Chevy continue to battle over the top spot. Chevy is firing up its truck month incentive deals once again while Ford just rolled out the next generation of Super Duty trucks.

Ram seems to be content staying on the side for right now and not offering the huge incentives Chevy is putting out. There is a new Ram 1500 in the works and it looks like they are riding out the current generation in order to prepare for the next generation.

All in all, the mid-size sales results continue to surprise and fluster critics who wonder why anyone would pay for a smaller truck when their aren’t any real MPG differences. The smaller size with its easier to drive/park and better access to the bed is simply more appealing than most give them credit for.

The post July 2016 Truck Sales – Mid-Size Trucks Dominate appeared first on Tundra Headquarters Blog.

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