U.S. auto dealers report mixed January results

The couple remaining automakers who nonetheless report regular monthly U.S. sales are providing mixed January final results so much, with offer chain concerns continuing to weigh on the industry’s post-pandemic restoration. 

Hyundai snapped a months-lengthy slide in January with a 10% bump in contrast to a year back and its highest January product sales ever, but the firm’s ongoing source struggles are a lot more apparent when January’s figures are put up towards December’s. Quantity dropped 7% to 47,872 from a month ago, but Hyundai introduced that its January figures came with zero help from fleet sales 100% of the units delivered were being retail. 

Kia’s inventory constraints similarly held it back again. Its profits slipped far more than 5% as opposed to previous January and extra than 12% from December.

The story was comparable at Mazda, where by only the Mazda3 experienced a improved January than it did in 2020. The modest automaker concluded the thirty day period down just about 17% in quantity in contrast to very last January. 

Furthermore, Subaru documented 44,158 motor vehicle product sales in the U.S. for January 2022, a 4.8% decrease in contrast with January 2021. Subaru cited semiconductor shortages and supply chain challenges.  

We will update this submit as a lot more benefits are described.