US car sellers hit a new monthly record in November, but the US auto market is still a long way from the levels seen in January, according to a new report from Ford.
The National Association of Realtors (NAR) said it has a hard time reconciling the January numbers with the January sales figures.
“January is an amazing month, but we can’t reconcile the February numbers with what we’re seeing in the market,” NAR President John Kogan said.
NAR says the US market is down 14.6 per cent year-on-year and in February the US sales were down 17.4 per cent from a year earlier.
Ford said sales of its vehicles are up 15.3 per cent since the first quarter of 2016.
It said that’s helped the market recover from a downturn.
Read more: Automakers are making more of their vehicles available in China but the rest of the world is still buying more vehicles – and prices are risingThe car industry is booming in China, with Ford alone selling more than 100,000 vehicles there in the first six months of this year.
But sales in the US have been on a rollercoaster ride.
Car sales fell by 13 per cent in the month of January.
Last month, Ford said sales had fallen by 17 per cent to 4,082,000.
On top of that, Ford was selling a lot more vehicles in February than it did in the same period of last year.
In fact, Ford sold 6.3 million cars in February compared to 3.5 million in January.
That’s a decline of 44 per cent.