FI showroom red and grey logo
MenuMENU
SearchSEARCH

AIADA: Harvey Takes a Bite Out of August Auto Sales

According to the American International Automobile Dealers Association, Hyundai and Nissan registered significant sales declines in August, while Subaru, Toyota, Volkswagen, and Volvo finished the month on a high note.

by Staff
September 6, 2017
AIADA: Harvey Takes a Bite Out of August Auto Sales

 

3 min to read


ALEXANDRIA, Va. — August sales at America’s 9,600 international nameplate franchises fell 2.6% from a year ago and are down 1.4% on a year-to-date basis, with brands like Hyundai (down 25.5% from last August) and Nissan (down 14.8%) taking the biggest hits, according to the American International Automobile Dealers Association (AIADA).

International nameplate franchises accounted for 55.5% of all new-vehicle sales in August, down from 58.5%. According to the trade group, the declines were the result of Hurricane Harvey, which left a large swath of Texas underwater during the last week of August.

Ad Loading...

"Hurricane Harvey took a toll on August auto sales, but we expect this trend to be short lived," said AIADA President Cody Lusk. "As cleanup continues and consumers find themselves in the market for new vehicles, dealers are optimistic that the industry will close out the remaining months of 2017 on a high sales note."

Early estimates put the number of damaged cars between 500,000 and one million, with Cox Automotive Chief Economist Jonathan Smoke noting last week that the storm could have delayed between 20,000 and 40,000 new-vehicle sales in Texas alone. September, he added, is likely to register a boost in sales as a result.

“The process will last months, pushing higher sales in the region in Q4,” Smoke said last week in a statement issued to F&I and Showroom. “We are looking at impact to full-year SARR; initial estimates indicate a potential net improvement on full-year sales once replacement sales pick up in earnest.”

According to AutoData Corp., the seasonally adjusted annual rate (SAAR) for August was 16.14 million units, compared to 17.22 million units in August 2016. Unadjusted for business days, sales of all brands were down 1.9% from last August and 2.7% on a year-to-date basis. Industrywide, approximately 1.5 million vehicles were sold in August, up from about 1.4 million in July but down by 29,275 units from a year ago.

Despite the month's challenges, AIADA officials said several international brands finished the month on a high note, including Subaru (up 4.6% from last August), Toyota (up 8%), Volkswagen (up 9%), and Volvo (up 4.1%).

Ad Loading...

International auto sales in the United States totaled 822,952 vehicles in August, down from 828,772 in July but up from 816,332 vehicles in June. Asian brands occupied 46.3% of the August auto market, down from 49.6% in July and down from 46.8% in August 2016. Overall, Asian nameplate dealers sold 686,824 vehicles in August, a 2.9% drop from August 2016.

European brands sold 136,128 vehicles in August, up from 126,157 in July but down from 137,773 sold in August 2016. European brands held 9.2% of the U.S. auto market in August, up from 8.9% last month and 9.1% in August 2016. Overall, August auto sales for these brands were down 1.2% from last August.

More Auto Finance

Woman's hands holding an wallet empty of cash
Auto Financeby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Three men smiling for headshots
Auto Financeby Lauren LawrenceJuly 1, 2026

Porsche Financial Services Shifts Structure

After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Ad Loading...
Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Photo of man holding a car key
Auto Financeby Hannah MitchellJune 17, 2026

New Cars a Tad More Affordable

May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.

Read More →
Photo of a white toy car next to piles of coins
Auto Financeby Hannah MitchellJune 8, 2026

First-Quarter Sees Long Auto Loan Growth

Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.

Read More →
Ad Loading...
Assurant, Mastering Credit Friction, Sales Series, Expert Trainer Josh Krach
Auto FinanceMay 29, 2026

Mastering Credit Friction

In this video, Josh Krach explains how to turn credit friction into an advantage.

Read More →
Couple talking with auto salesman next to new car inside dealership
Auto Financeby Hannah MitchellMay 20, 2026

April Less Affordable

Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.

Read More →
Photo of a loan contract on a desk
Auto Financeby Hannah MitchellMay 13, 2026

Auto Lenders, Consumers on a Tightrope

April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.

Read More →
Ad Loading...
black background with orange text saying Alec Hagey Toyota Financial Services President and CEO effective April 6 with picture of Alec Hagey
Auto Financeby Lauren LawrenceApril 6, 2026

Toyota Financial Services President Replaced

Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.

Read More →