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Us Auto Sales

All articles tagged with #us auto sales

business2 months ago•4 min saved

Hybrid demand drives growth amid a mixed U.S. auto sales quarter

U.S. second-quarter auto sales show a split: hybrids are outperforming non-hybrids as high gas prices and softer EV demand lift electrified models. Toyota rose about 1.1% on electrified-vehicle demand, Hyundai posted strong hybrid gains (and overall up about 4%), Honda up 8.4% on record electrified sales, and Kia up 3% with notable hybrid growth, while GM declined ~4.2% due to limited hybrids. Analysts expect industry sales to be roughly flat to slightly down, with Stellantis and Nissan posting modest gains amid a shift toward affordable, efficient models.

via CNBC|

#business #electric-vehicles #gm

business2 months ago•3 min saved

Toyota narrows GM lead in U.S. sales as hybrids rise and EVs stall

Toyota is on pace to outsell GM in the first half of the year in the U.S., up about 1% to 1.25 million vehicles while GM falls roughly 7.2% to 1.33 million, as hybrids gain popularity and all-electric vehicles lag in adoption, per Cox Automotive forecasts.

via CNBC|

#business #evs #gm

business5 months ago•2 min saved

Infiniti bets on QX65 to reboot its U.S. fortunes

Infiniti unveiled the QX65, a 268-hp VC-Turbo midsize luxury SUV built in Smyrna, Tennessee, with a $53,990 starting price as the brand pursues a U.S. comeback after sales slid about 65% from their 2017 peak; Infiniti plans to release one new model annually for the next five years to revive momentum amid a broader product lull, a strategy contrasted with rivals like Lexus and Acura.

via CNBC|

#business #infiniti #luxury-suv

business2 years ago•2 min saved

Ford's May Sales Surge 11% Driven by Hybrids, Trucks, and EVs

Ford's US auto sales surged 11.2% in May, driven by strong performances in hybrid and truck sales, particularly the Maverick and F-150 hybrids. Despite a pivot from EVs to hybrids, Ford's EV sales also saw significant growth, though the EV unit remains unprofitable. CEO Jim Farley emphasized the long-term potential of hybrid powertrains and hinted at future EV profitability. Ford's SUV sales also increased, led by models like the Bronco and Explorer.

via Yahoo Finance|

#business #electric-vehicles #ford

business-automotive2 years ago•3 min saved

"US Auto Sales Surge in Q1 Despite High Interest Rates, EV Growth Slows"

Despite high interest rates, US first-quarter auto sales grew nearly 5% to 3.8 million vehicles, with average sales prices declining and automaker discounts increasing. However, electric vehicle sales growth slowed to 2.7%, reflecting mainstream buyers' concerns about limited range and charging infrastructure. Automakers face more frugal buyers and a shift towards more affordable vehicles, with GM, Stellantis, Kia, and Tesla reporting declines while Toyota and Honda saw strong sales increases.

via The Associated Press|

#automakers #business-automotive #electric-vehicles

business3 years ago•3 min saved

Auto Sales Surge in Q2, GM Leads as EV Stocks Skyrocket

U.S. auto sales are expected to rise in Q2, led by General Motors (GM), with analysts projecting a strong June sales performance. Other automakers such as Ford, Toyota, Honda, and Stellantis are also expected to report positive Q2 sales. Additionally, electric vehicle (EV) stocks, including Rivian and Tesla, surged after reporting strong Q2 sales. The increase in sales is attributed to higher vehicle production, improved inventories, pent-up consumer demand, and rising fleet sales. The annualized sales pace for June is estimated to reach 15.8 million units, a 22.5% jump from June 2022.

via Investor's Business Daily|

#business #ev-stocks #ford