The midsize sedan segment is highly competitive, but Camry still stands on top because of its history of dependability and fuel efficiency.
4. Chevrolet Cruze — 32,871 units sold in June, up 73.2% from last year
General Motors Company (NYSE:GM)’s Chevrolet Cruze. Photo credit: General Motors.
General Motors Company (NYSE:GM)’s Chevrolet Cruze made a splash this June, with its sales up significantly. GM’s compact car changed things up in its segment when it was introduced in 2011, instantly challenging Honda’s Civic or the Toyota Corolla — an unusual event for domestic automakers. It’s refreshing to see domestic automakers able to compete in small and fuel-efficient segments. Chevrolet’s Cruze is a great sign for the future of GM, which has a long uphill battle to regain lost consumers from years of poor-quality vehicles and a government bailout.
5. Honda Accord — 31,677 units sold in June, up 9.5% from last year
Honda Accord. Photo credit. Honda Motor Co Ltd (ADR) (NYSE:HMC).
Here’s another winner in the ultra-competitive midsize sedan segment. Honda Motor Co Ltd (ADR) (NYSE:HMC)‘s 2013 Accord was redesigned and comes in much smaller and more spacious than its predecessor. Some critics were worried that the new Accord would follow in footsteps of Honda Motor Co Ltd (ADR) (NYSE:HMC)’s Civic, which disappointed with a very plain interior. That isn’t the case. The Accord has a much more premium feel, with higher-quality materials and a sleek look. It also added a little power to its 2.4-liter engine, while upgrading its V-6 to push out 278 hp.
Investing takeaway
Being in the top five for sales is hugely important for each automaker. It represents large volumes that can quickly gain or lose overall market share for each automaker. In GM and Ford’s case, it means even more than market share. It decides the sales leader in the most profitable segment on the planet — full-size trucks. Right now, the industry as a whole is seeing transaction prices increase, while incentive spending is down. As our economy gradually improves, this is a winning formula for all involved, and the automakers on top will be positioned to bring in a nice yearly profit. Expect Ford and Toyota Motor Corporation (ADR) (NYSE:TM) to both bring in impressive second-quarter earnings reports.
The article The 5 Best-Selling Vehicles in June originally appeared on Fool.com is written by Daniel Miller.
Fool contributor Daniel Miller owns shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors and owns shares of Ford.
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