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July 2023 National Auto Sales By Brand

Written by Jerry Reynolds | Aug 2, 2023 6:27:13 PM

July national sales are now in the books, at for those automakers that still report sales monthly.  The industry was up 20% from July 2022 with every single automaker up year over year.

Acura was up almost 100% from July 2022 buoyed by increased levels of inventory and on the other end of the spectrum, Lexus was up July to July but only by 3%.

Increased inventory is putting downward pressure on new vehicle prices.  The average transaction price last month was $45,305 which was $866 lower than July of 2022.  Incentive spending also increased this July.

July 2023 Sales By Brand


Here are the sales results from the automakers that report sales monthly and how that compares to July 2022:

 
   Manufacturer 
July 2023
 vs July 2022
1. Toyota  
166,833
 9%
2. Ford 
165,974
 7%
3. Honda  
99,700
 53%
4. Hyundai  
72,857
 11%
5. Kia 
70,930
 4%
6. Subaru
50,389 
  21%
7. Mazda  
 30,629
 31%
8. Lexus
24,851
  3%
9. Acura
12,062
 99%
10. Genesis
6,330
 22%

 

Photo Credit: Toyota.