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US car sales for April: Toyota, Ford, Honda, Hyundai and Kia volumes again drop by double digits due to chip issue

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US light vehicle sales fell 17 percent to about 1.26 million in April from a year earlier, when industry volumes briefly picked up, as shortages of key parts and congested supply lines continue to undermine light vehicle production and shipments.

But in a sign of gradual progress, LMC Auto On Wednesday, it reported that industry sales rose 5,000 units in April compared to March, a traditionally stronger month.

The Seasonally adjusted annual sales rate It came in at 14.7 million, near the upper end of the forecast range, of 14.3 million to 14.8 million, from LMC, JD Power, Cox Automotive and TrueCar. The April sales pace was well below the 18.5 million pace set for April 2021, but higher than March’s rate of 13.4 million. Excluding January, SAAR has been off 15 million since July.

LMC said General Motors, which does not release monthly sales figures, was the market leader in April, outperforming Toyota Motor Corp. by 16,000 units. LMC said General Motors was also the only automaker to achieve sales above 200,000 units last month. Chevrolet Silverado was the best-selling light vehicle, followed by Toyota RAV4 and Ford F-Series.

“While most of the metrics point to a positive April, the industry continues to be affected by the parts shortages that have plagued sales for nearly a year now,” said Augusto Amorim, senior director of sales forecasts for the Americas for LMC Automotive. Toyota and Stellantis sold fewer cars in April than in March, and Honda’s sales fell more than any other car company. However, for GM, the worst seems to be behind them.”

Analysts expected US new car sales to fall nearly 20 percent in April, as automakers struggle to rebuild depleted dealer stocks amid chronic microchip shortages and other supply chain hurdles.

March, April and May 2021 were among the hottest three-month sales period on record, reflecting a sharp recovery from the early days of the COVID-19 pandemic and a time before chip shortages began to choke global production.

Sales at Toyota Motor, Ford, Honda Motor, Hyundai And the Kia It doubled in April compared to the previous year.

Burdened by the industry’s lowest inventory levels, Toyota Motor said April volume was down 23 percent, with deliveries down 23 percent at its Toyota division and 18 percent at Lexus. sales in Toyota Motorthe best-selling automaker in the US last year and in the first quarter, has now fallen nine straight months.

And each of the Toyota brand’s top sellers posted double-digit declines: Camry, 12 percent off; RAV4, down 18 percent; Highlander, up 29 percent; The Corolla is down 21 percent and the Tacoma is down 27 percent.

Toyota Motor closed April supply of vehicles for 20 days; A spokesman said only 137,067 cars and light trucks or 13,831 were in dealers’ inventory and 123,236 at ports or in transit.

Ford Motor Co.’s shipments were down 11 percent, with volume down 11 percent in the Ford division and 12 percent in Lincoln. Three of Ford’s most popular commercial trucks posted a double-digit decline: F-Series, down 22 percent; Explorer, by 23 percent, and Ranger, by 60 percent.

Ford that has Pay the provisions back and advise merchants that bulk deliveries April sales of flagship models, which improved through March, said they would be lighter through late May. And it ended April with a total inventory of 238,000 cars, down from 268,000 cars at the end of March and 265 thousand at the end of April 2021.

“While the industry’s semiconductor chip shortage continues, inventory flow improvements in April led to significant 1-percentage point gains over the past year with Ford outperforming,” said Andrew Frick, vice president of sales, distribution and trucks at Ford. on the industry.” Stronger influx of F-Series, Mustang Mach-E and E-Transit and record sales of Ford-branded SUVs in April boosted.”

Noting “challenging supply constraints,” Honda Motor Co. said sales fell 40 percent in April, the company’s ninth straight monthly decline, with deliveries down 41 percent at its Honda division and 33 percent at Acura.

Four of the Honda brand’s top five sellers are down 20 percent or more: Accord, down 20 percent; Civic, 51 percent discount; CR-V, down 56 percent; and Pilot, down 43 percent. HR-V shipments rose 6 percent.

A Honda spokesman said, on Tuesday, that the company started 2022 with American dealers’ inventory of less than 20,000 cars and light trucks, and started in April just below that level. For comparison, the automaker had 300,000 cars in dealership stock at the beginning of 2021.

Deliveries fell 20 percent at Hyundai and 16 percent at Kia last month, mostly due to weak vehicle sales. This was the second consecutive month that the two Korean brands witnessed a double-digit decline.

“We continue to face challenges in producing and distributing our vehicles,” said Eric Watson, head of US sales for Kia. “Our dealer stocks remain at historic lows, somewhere between seven and nine days of vehicle supply on the ground.”

With an expanded lineup of crossovers, its first pickup and the new electric Ioniq 5, Hyundai focused on retail sales of 61,668 last month. The company reported non-delivery of its fleet in April for the fourth month.

Hyundai closed April with 15,809 vehicles in stock, down from 17,271 at the start of the month and 123,046 a year ago.

Randy Parker, senior vice president of national sales for Hyundai Motor America, said the company continues to sell at a very efficient, high rate because consumer demand remains “extremely high.”

“We see light at the end of the tunnel,” Parker said. “Maybe in the third and fourth quarters, based on our current business plan, we should start to see some improvement in product availability.”

Subaru Deliveries fell 25 percent in April, for the eleventh consecutive month. Volume fell 3.3 percent in Mazda, cutting back on consecutive monthly gains.

At Genesis, April volume rose 53 percent to 5,039, a record month and 17th consecutive increase for the brand. Sales of the GV70 crossover broke the combined deliveries of the brand’s three sedans.

Volvo sales fell 9.2 percent, its eighth monthly decline.

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