Wednesday, July 6, 2022
News Toyota, Hyundai, Kia and Honda Sales Have been Slowing for the Last...

Toyota, Hyundai, Kia and Honda Sales Have been Slowing for the Last Four Months

Most automakers saw their sales take a plunge in November

  • These brands saw declines in sales ranging from 5.4% to 25%

  • US light-vehicle sales have been down 11 to 12% year over year in November

  • Despite this, Kia and Genesis will sell more cars this year than ever before

The ongoing semiconductor and electronic chip shortage is still giving automakers headaches and limiting their production, which is why car sales have fallen 11 to 12 percent in the United States in November 2021 over November 2020.

Toyota, Honda, Kia and Hyundai have all published their November 2021 sales figures and all of them have suffered declines for the last four months straight.

Mazda is in its third declining sales month and Subaru, Volvo, Ford, General Motors, Stellantis, Nissan and Volkswagen Group have yet to release their numbers, but they will probably not be very encouraging.

Toyota saw the biggest decline, with 25% less sales in November, 24% for the Toyota brand and 32% for Lexus. This is due to production issues that caused Corolla sales to drop by 63% and Camry sales to lower by 34%. The company’s best-selling trucks and SUVs were affected as well, with 14% fewer RAV4 sold, 13% less Highlanders and 21% less Tacomas. Despite this, Toyota was able to become the best selling automaker in the US for 2021, besting General Motors who had held the spot since the early 1930s.

Honda said its volume dropped by 17% for the Honda brand and 21% for Acura. Its most in-demand models, the Civic and CR-V saw sales declines of 26 % and 19% respectively.

Hyundai sales were 20% lower, with the Elantra finding 42% fewer buyers, the Sonata dropping by 56%, the Santa-Fe by 24% and the Kona by 37%. Even worse, Hyundai’s fleet operations registered 97% less volume and accounted for less than 1% of the company’s total sales.

Kia reported a sales decline of 5.4% with its most popular models being affected, such as the Telluride, the Seltos, the Sportage and the Soul. Despite this, Kia will have its best sales year ever in the United States, where it has been sold for close to 30 years.

Mazda sales fell 5.3% in November, which has been the third declining month in a row.

However, Genesis, a brand that is still trying to establish itself, has recorded November sales that represent a 435% improvement, up to 5,002 vehicles.

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