latest automotive news, best new and used cars, find a new car f31aa_2018_Toyota_Camry_SE_Hybrid_03_0FE06F731BE01F5BA13BC3C5A2A357DC2BDC3C03-610x407 July 2018 Midsize Sedan Sales: Toyota Camry Finally Slips Into the Red Toyota

Last year’s release of the radically revamped 2018 Toyota Camry lent buoyancy to a model seen as the troubled midsize sedan segment’s most resilient nameplate. It has history, name recognition, and a stigma for no-nonsense comfort and reliability. Could you ask for anything more?

And so, as other sedans, including the equally fresh Honda Accord, started falling away, the Camry retained its sales volume, finishing the first half of 2018 with a slight year-to-date increase. July brought bad news, however. While the Toyota brand performed worse than the industry average last month — sales fell 6 percent, year over year — it was passenger cars that earned the brand its volume loss.

And even the Camry’s partly to blame.

Truth be told, the Camry’s U.S. sales began slipping in March, but the sales lead built up in the preceding months allowed it to coast till summer with a positive, but diminishing, year-to-date figure. July sales figures show that lead gone, replaced by a 2.7 percent YTD loss. The Camry found 22.2 percent fewer buyers last month compared to July 2017.

It looks like the vehicle billed by Toyota as the savior of the midsize segment has joined the club. And it’s in good company.

latest automotive news, best new and used cars, find a new car f31aa_2018-Honda-Accord-2.0T-Touring-610x407 July 2018 Midsize Sedan Sales: Toyota Camry Finally Slips Into the Red Toyota

In July 2018, Honda Accord sales fell 19.3 percent, year-over-year, with volume over the first seven months of the year down 14.5 percent. The Hyundai Sonata doesn’t fare any better — it’s down 10.3 percent for the month and 26.7 percent for the year. Meanwhile, the Ford Fusion, a sedan already slated for execution, found 22.1 percent fewer buyers in July and 19.2 fewer buyers in 2018 as a whole.

It’s a similar story with Nissan’s Altima, a vehicle that sees its own dramatic revamp this fall. Altima sales sank 28.2 percent, year over year, in July, and 17.1 percent over the first seven months of the year. What about the recently refined Mazda 6, you ask? Now boasting available turbocharged power and the mildest of facelifts, Mazda’s midsizer saw its sales drop 36.4 percent in July, pushing its YTD figure into the red (down 5.6 percent).

latest automotive news, best new and used cars, find a new car f31aa_13731_Optima-e1522429407109-610x409 July 2018 Midsize Sedan Sales: Toyota Camry Finally Slips Into the Red Toyota

As General Motors chooses to hold Chevrolet Malibu figures hostage, we’ll skip over that model and focus on the only low-priced midsize to see a year-over-year increase in July: the Kia Optima, which rose 37.6 percent. Granted, Optima sales cooled off in earnest in July of 2017, so last month’s volume isn’t some sort of spike in popularity. Nor can the Optima claim a TYD increase. It’s down 14.6 percent since the New Year.

Despite gains at Volkswagen, buyers weren’t turning out in droves for the Passat. No, they walked past that model in the showroom and went straight for the Tiguan and Atlas. Passat sales fell 22.2 percent in July and 34.6 percent since the start of the year.

None of this should surprise anyone, as it’s a trend that’s continued unabated since midsize sedans hit a post-recession high water mark around 2014. Light trucks are king, rising 4.3 percent across the industry in July. It’s cars that are to blame for the industry’s 3.7 percent deflation last month (overall volume is still up 1.1 percent, year to date), as that broad segment shrunk by 18 percent.

The public’s growing thirst for trucks, crossovers, and SUVs meant passenger car market share hit a new low last month, dropping to just 31 percent of new vehicle sales.

[Image: Toyota, Honda, Kia]

Article source: https://www.thetruthaboutcars.com/2018/08/july-2018-midsize-sedan-sales-toyota-camry-finally-slips-into-the-red/

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