Automotive News Updates

Hyundai, Genesis see November gross sales positive aspects, all different manufacturers reporting noticed decreases

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Of the 9 auto manufacturers that had reported month-to-month gross sales figures by late Wednesday, Hyundai and its luxurious Genesis line have been the one two to publish positive aspects in November.

Hyundai gross sales have been up two per cent to 9,840 models whereas Genesis surged 199 per cent to 427.

Volvo has not but reported. 

All different manufacturers noticed their gross sales plummet — and all, however Honda, did so by double digits by proportion.

Honda gross sales have been off 8.4 per cent to 9,291. Its Acura luxurious line fell 12.3 per cent to 1,159.

Mazda took the most important hit, with its gross sales down 46.6 per cent to 2,975. And Kia, which had managed the semiconductor scarcity and stock crunch pretty nicely early in 2021, took the second-biggest hit with a 34-per-cent drop in gross sales to 4,095 models.

The slumping gross sales come simply days after AutoForecast Options stated automakers held again on additional manufacturing schedule cuts final week of their ongoing adjustment to international microchip shortages.

The agency stated that as of midweek final week, the U.S. Thanksgiving break left schedules unchanged from per week earlier.

Automakers and sellers have stated it takes weeks — if not months — for manufacturing cuts and elevated output to have an effect on stock on the bottom.

The report can be up to date.


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