Honda's Civic sales fell 54% during the first half, and Toyota's Corolla compact car sales dropped 25% from January through June.Drag Racing is a contest between two vehicles to determine which can go the fastest from a standing start to full open throttle over an agreed upon distance, which is usually an 1/8 mile, ¼ mile or 1000 feet. Hyundai's Elantra compact car saw a 44% sales drop during the quarter, but is sales were halted for a time due to a safety recall issue.
The company's main electric vehicle, the Ioniq 5, is selling strong, with nearly 7,500 delivered in the second quarter, Parker said.īut smaller, fuel-efficient gasoline vehicles don't appear to be faring as well. Randy Parker, head of sales for Hyundai Motor America, said he expects the chip shortage to gradually get better this year, predicting a 30% production increase over last year. Hyundai announced that it would stop selling its Accent and Veloster small cars in the U.S., furthering the trend of automakers cutting car models as SUVs have become America's favorite body style. Vehicles are being sold within 36 hours of arriving at dealers. The company started June with 9,000 vehicles on dealer lots and ended the month with about 8,500, he said. Hybrids and plug-ins accounted for about 27% of Toyota's sales in June, following a rising trend, he said.īut supply problems are limiting inventory and sales, Hollis said. Toyota's Hollis said that demand remains exceptionally strong, especially for more efficient gas-electric hybrid vehicles, and the company's electric vehicle, the BZ4x. “The majority of consumers who are purchasing vehicles in these conditions are either in a financial position where money is less of a consideration or are doing so out of absolute necessity,” said Edmunds analyst Jessica Caldwell. Edmunds expects inventory shortages to continue for the foreseeable future, frustrating auto buyers. Most automakers were reporting sales figures on Friday, but Tesla is likely to do so this weekend and Ford won't report until Tuesday.Įdmunds predicted that nearly 3.5 million new vehicles were sold last quarter in the U.S., 20.8% fewer than the same period a year ago. Nissan sales dropped nearly 39% for the quarter, and Hyundai posted a 23% sales dip. Honda's second-quarter sales fell by more than half, with the company blaming “severe” supply chain issues. Stellantis, formerly Fiat Chrysler, posted a 16% sales decline. That allowed GM to pass the Japanese company and retake the crown as the top-selling automaker in the U.S., a title GM lost last year. Toyota sales were down 19% for the first half of the year and they fell 18% in June.
“Every microchip producer is producing at maximum speed because they have maximum demand,” Hollis said.
Jack Hollis, head of Toyota sales in North America, said the chip shortage didn't improve as much as the company expected in the first half of the year, and he doesn't see it getting much better until next summer. The incomplete vehicles are expected to be finished and sold by the end of the year. reported that 12.7% of consumers who financed a new vehicle in June had monthly payments of $1,000 or more.Īt General Motors, which reported a 15% sales drop, shortages of chips and other parts forced the company to build 95,000 vehicles without one part or another. Power estimates that the average sales price of a new vehicle for the first six months of the year hit nearly $45,000, a record that is 17.5% higher than a year ago. Low supply has raised prices to record levels, knocking many consumers out of the new-vehicle market. Yet demand still outstripped supply from April through June, even with $5 per gallon gasoline, high inflation and rising interest rates. new vehicle sales likely tumbled more than 20% in the second quarter compared with a year ago as the global semiconductor shortage continues to vex the industry.
0 kommentar(er)
