Most Asian automakers report U.S. sales surge in November

US sales are Toyota Motor Corporation, Hyundai, Kia, Subaru, Mazda and Volvo last month, while the Hyundai and Kia brands both set November records.But ford motor companyHonda reported a decline for the month.

Deliveries increased by 43% at Hyundai Motor and 25% at Kia Motors.

“It’s been a great November for sales, especially for our eco-friendly vehicle lineup,” said Randy Parker, CEO of Hyundai Motor America, in a statement Thursday. Regardless, we had record retail store counts and total sales in November.”

By contrast, Ford’s sales fell 7.9% in November, the company’s third straight month of year-over-year declines. Ford says customer orders remain strong, but utility vehicles are 15% lower for him and F-Series pickups are 8.7% lower for him.

For 2022 as a whole, however, Ford’s sales are down only 2.7%. In contrast, Hyundai and Kia have 3.5% and 35%, respectively. american hondadown 6.1% in November.

Sales last month fell 5.2% for the Honda brand and 14% for Acura. Honda’s four top-selling nameplates – CR-V, HR-V, Accord and Civic – all dropped in November.

The results come amid an industry-wide increase in production and inventories after automakers were unable to meet demand for new vehicles for the past two years due to shortages of microchips and other supply chain issues. I was.

Hyundai said its inventory more than doubled from a year ago to 39,898 units at the end of November. This is up from his 31,529 a month ago and his 17,096 in November 2021.

Toyota’s brand sales increased by 12%, while Lexus’ sales decreased by 4.3%. Toyota sales jumped 42%, including his 80% increase for the Corolla, while SUV sales fell 3.7% for him.

Mazda Motor Corporation said November sales were up 31% to 26,906 units.

Subaru sales increased by 52%. Subaru Crosstrek, Forester and Legacy sales more than doubled year-on-year.

However, American Honda posted a 6.1% decline from November 2021. Sales fell 5.2% for the Honda brand and 14% for Acura.

Volvo posted a 20% increase.

The rest of the industry only reports US sales on a quarterly basis.

U.S. light vehicle shipments were expected to increase from November 2021 as inventory shortages continue to ease. Dealers are no longer selling cars above list price, even though rising interest rates have pushed customers to pay more each month. He’s 50% in July compared to 41% in November, according to JD Power and LMC Automotive.

“November results show vehicle production continues to improve, with available retail inventory surpassing 1 million units for the second straight month, with a larger share of manufacturer production going to fleet customers. assigned,” said Thomas King, president of data and analytics. Division of JD Power.

“On the retail side, demand continues to outpace supply as evidenced by the continued strength of transaction prices, retailer profits, inventory turns and minimal manufacturer discounts. These indicators show signs of easing or easing as .

TrueCar said November retail sales were on pace with the previous year, but fleet sales had rebounded significantly from the low levels caused by the production interruptions in 2020 and 2021.

TrueCar Industry Analyst Zack Krelle said: “To maintain sales momentum, manufacturers appear to be shifting some of their new supply to non-retail sales.”

This article was optimized by the SEO Team at Clickworks SEO

Source link