December US automotive gross sales. GM reclaims US gross sales crown Toyota edges up; Hyundai and Kia are on monitor for double-digit development by way of 2022

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The US auto business ended 2022 because it started a blended bag offering a stable comeback 12 months for a number of automakers and types, however a tough stretch to neglect for a lot of others.

Stellantis, Nissan Group and American Honda proceed to battle with lean inventories and provide points. Toyota Motor Corp. posted barely larger quantity and Hyundai and Kia capped a year-over-year U.S. market achieve with double-digit gross sales good points in December as industrial inventories continued to get better final month, whilst rates of interest and new automotive costs rose. and: rising prospects slowing down of financial development. Bitter chilly and heavy snow throughout an unlimited swath of northern states on the finish of the month had been additionally prone to dampen retail exercise as 2022 closed, analysts mentioned.

Normal MotorsRobust mild truck deliveries led to a 42 % enhance in mild automobile quantity within the fourth quarter, with gross sales up 44 %. Chevrolet:42 % GMC and 75 % Cadillac:. Buick was the one GM model to submit decrease quantity within the ultimate quarter of 2022, falling 6.5 %, extending the model’s decline to 6 consecutive quarters.

GM additionally reclaimed the title of best-selling U.S. automaker by almost 150,000 items in 2022 after Toyota Motor took the crown in 2021. GM, the longtime market chief by way of 2021, reported 2.258 million U.S. deliveries final 12 months, up 2.5 %, whereas Toyota Motor’s gross sales had been 2.1 million, down 9.6 %.

GM mentioned U.S. seller inventories continued to get better and greater than doubled over the previous 12 months, ending December at 410,682 items, together with automobiles and light-weight vehicles, from 359,292 on the finish of the third quarter and 199,662 on the finish. in 2021

December deliveries at Toyota Motor rose 3.5 %, whereas costs rose 6.6 % at Toyota Motor Toyota: part offset a 16 % decline Lexus:. Each manufacturers proceed to be hampered by among the lowest stock ranges within the business, with Lexus gross sales now down for 11 straight months.

Stellantis Fourth-quarter quantity fell 16 %, following an 18 % decline Jeep39 % at Chrysler and 15 % Aries. Dodge alone posted gross sales development of 15 % within the newest quarter.

Quantity additionally fell 25 % or extra on the firm’s two smaller manufacturers, Fiat and Alfa Romeo. Gross sales of Jeep and Ram, FCA’s greatest manufacturers, have now fallen for six consecutive quarters. Whole provides of Stellantis within the US are down 13 % in 2022.

Jeff Commor, head of U.S. gross sales at Stellantis’ US FCA unit, cited “manufacturing constraints and total elements and supplies disruption” in addition to “market situations which have continued by way of 2021 into 2022” as a detrimental affect on the corporate’s outcomes. to affect.

Honda Motor Co., which continues to be struggling to safe chips for key fashions to replenish depleted shares, mentioned December gross sales fell 11 %, with Honda: division was down 11 % and Acura 5.5 % low cost. The corporate’s gross sales fell 33 % in 2022, one of many greatest declines amongst main automakers final 12 months. The corporate mentioned it’s beginning 2023 with a list of about 40,000 new automobiles and has suggested sellers that inventories is not going to return to regular ranges till the autumn of 2023 on the newest.

“Like the remainder of the business, we have not run out of provide points but,” mentioned Mamadou Diallo, vice chairman of gross sales at Honda Motor Co. “However we’re beginning 2023 with about double the present stock. 2022 and count on that to translate into wholesome gross sales development this 12 months.”

Nissan Group’s fourth-quarter U.S. gross sales fell 2 % to 191,012 autos, with Nissan: the model fell 3.6 %, its sixth straight quarterly decline, whereas Infiniti’s deliveries rose 24 %.

Quantity rose 40 % final month to a December report of 72,058 Hyundai: Motor America, pushed by a 27 % enhance in retail shipments. Hyundai mentioned it was its fifth straight month of report retail gross sales, with utility autos accounting for 74 % of retail gross sales.

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