Stellantis has suspended production at its Russian plant, which employs 2,700 people, over logistical difficulties and sanctions imposed on Moscow.
The U.S. auto industry has no shortage of buyers currently, but it lacks the inventory to satisfy them.
The lowest sales recorded in December went to Toyota Motor Corp., Honda Motor Co., Hyundai and Kia, which posted sales drops for the fifth consecutive month.
Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.
Hyundai Motor Co and affiliate Kia Corp. predict a 12.1% combined global sales jump in 2022, despite 2021 sales falling short of targets.
IHS Markit forecasts lows in light-vehicle sales and production will give way to increases ahead.
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
High demand coupled with low inventory has spurred consumers to order the vehicle they want.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In