MENU
SEARCHJanuary sales up at most, down at Toyota.
Kia saw a 22% increase, a January record for the South Korean brand.
IMAGE: Kia
Japanese carmakers had mixed January U.S. sales results as a group, Toyota volume falling 15%, even as its global sales helped it retain the title of the world’s biggest vehicle manufacturer.
Honda finally got its head above water, posting a 14% year-over-year U.S. sales jump after more than a year and a half of declines. It credited double the on-hand inventory it had a year earlier.
Toyota suffered particularly poor inventory and saw sales fall as a result.
Meanwhile, sales rose at Hyundai, Kia, Mazda and Subaru. South Korean manufacturers Hyundai and Kia saw 9% and 22% increases, respectively, a January record for the latter. Subaru’s sales inched up 0.5%, its sixth straight month of improvements. And Mazda posted a 9% increase.
Other automakers that release monthly sales results, including Ford, will announce January numbers later this week.
Originally posted on Auto Dealer Today
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →
China easily reigns in the segment, but European countries’ adoption rates are growing. The U.S., probably due to market size, has the second biggest EV fleet.
Read More →
The full-size pickup segment, which has been dominant in the U.S., ended 11 consecutive weeks of gains with a slight dip last week.
Read More →
Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
Read More →
Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.
Read More →
Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.
Read More →
Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
Read More →
The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.
Read More →