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Hyundai gross sales rebound; Honda, Subaru, Toyota, Kia slip once more as chip scarcity drags on

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Hyundai snapped a five-month shedding streak with a ten p.c achieve in January U.S. gross sales whereas quantity dropped for the sixth straight month at Toyota Motor Corp. and Kia because the microchip scarcity and different supply-chain disruptions proceed to upend trade stockpiles. American Honda and Subaru of America additionally posted decrease gross sales.

Toyota Motor stated quantity dropped 5.1 p.c with deliveries down 6.4 p.c on the Toyota division, however rising 5 p.c at Lexus, ending 4 straight month-to-month declines on the luxurious model. Total, Toyota Motor’s automotive gross sales dropped 9.6 p.c whereas mild truck deliveries slipped 3 p.c.

4 of the Toyota’s model’s 5 largest sellers generated decrease final month: Corolla, down 20 p.c; Camry, off 9.7 p.c; RAV4, down 6.1 p.c and Tacoma, down 19 p.c. Highlander gross sales edged up 2.3 p.c.

Toyota Motor stated it ended January with a 19-day provide of vehicles and light-weight vehicles, or 123,686 items, with 18,345 in seller inventory and 105,341 at ports.

American Honda stated general gross sales dropped 20 p.c, with Acura declining 33 p.c and Honda Division down 19 p.c. Acura automotive gross sales fell 45 p.c and vehicles had been down 28 p.c. Honda Division’s automotive gross sales fell 23 p.c with vehicles off 16 p.c.

Honda stated its provide state of affairs “stays fluid” however anticipates that “stock will enhance as February progresses.”

At Hyundai, retail deliveries rose 18 p.c, offsetting zero fleet shipments final month. The corporate set a January report with 47,872 deliveres largely behind 4 fashions  Venue, up 70 p.c; Tucson, up 64 p.c; Palisade, up 12 p.c; and Ioniq, up 51 p.c  that additionally posted report deliveries for the month.

Hyundai stated it ended the month with 18,060 vehicles and light-weight vehicles, down from 21,420 on the shut of December and 151,930 on the finish of Jan. 2021.

Subaru of America’s gross sales fell 4.8 p.c. 

Kia quantity slid 5.5 p.c to 42,488 totally on sharply weaker Soul, Seltos and Forte deliveries.

Gross sales dropped for the fifth consecutive month at Mazda with January quantity falling 17 p.c to 21,079.

Genesis racked up its 14th straight achieve with January gross sales rising 29 p.c to three,638 behind deliveries of the brand new GV70 crossover.

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