August 10, 2014

Auto Briefs

The 10 best-selling cars in July; Gen Y buys more cars than Gen X

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(Toyota)

The top-selling cars and trucks last month
The top-selling vehicles and the total number sold in July, with June's rank in parentheses:
1. Ford F-Series, 63,240 (1)
2. Chevrolet Silverado, 42,097 (2)
3. Toyota Camry, 39,888 (3)
4. Ram pickup, 35,621 (4)
5. Honda Accord, 35,073 (5)
6. Toyota Corolla, 30,833 (7) (shown)
7. Honda Civic, 30,038 (6)
8. Honda CR-V, 28,522 (10)
9. Toyota RAV4, 26,779 (-)
10. Nissan Altima, 26,654 (-)
The Associated Press



Gen Y is now buying more cars than Gen X

For the first time, Generation Y consumers make up a larger percentage of new-vehicle buyers than their older Generation X counterparts, although both still lag behind baby boomers. According to recent data from J.D. Power and Associates, so far in 2014 Gen Y buyers (those born from 1977-94) have accounted for 26 percent of new-vehicle retail sales in the U.S., compared with Gen X (1965-76) at 24 percent. But baby boomers (1946-64) are still in the lead at 38 percent. The data shows that those in Generation Y, also called millennials, tend to favor smaller vehicles, with small cars accounting for almost half of their new-car purchases. Generation X buyers tend to favor midsize cars.
NWautos staff

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