U.S. sales rose for the fourth straight quarter at General Motors and the third straight month in June at Toyota Motor Corp. as deliveries and inventories across the industry continue to bounce back from the chip shortage, according to a report by Automotive News. Ford Motor Co., powered by a 26% gain in pickup sales, on Thursday (July 6) said second-quarter deliveries rose 9.9%.
Stellantis snapped a slump that stretched seven quarters with second quarter U.S. deliveries rising 6% while Honda Motor Co.’s rebound continued in June, helped by wider availability of redesigned models.
GM said second-quarter sales rose 17% at Chevrolet, 18% at GMC, 48% at Buick and 15% at Cadillac, with light trucks driving the gains. Overall, GM said its retail sales advanced 15% and fleet shipments rose 34% during the latest three-month period.
The automaker ended June with 427,000 vehicles in U.S. dealer stock or in transit, up slightly from 412,000 at the end of the first quarter.
Toyota volume rose 15% to 195,448 last month, with the Toyota division up 14% and Lexus advancing 18%. All but one of the Toyota brand’s top sellers posted solid gains: Camry, up 24%; Corolla, up 4%; RAV4, up 15%; Highlander, up 17% and Tundra, up 38%. Tacoma sales were flat.
Toyota Motor Corp., with one of the industry’s lowest days supply of vehicles throughout the chip shortage, reported it ended June with 167,666 cars and light trucks in stock — 39,901 at dealers and 127,765 at ports or in transit, enough for a 22-day supply. That is up from the 153,742 Toyota and Lexus models in stock as June started. The Toyota division started July with a 21-day supply of vehicles while Lexus has a 30-day supply.
Ford division volume rose 11%, with F-Series sales up 34%, while Lincoln deliveries dropped 15% during the latest three-month period. It was the second consecutive quarterly gain for the Ford division but third straight quarterly decline at Lincoln.
Read the full report by Automotive News.
Source: https://rvbusiness.com/light-vehicle-automotive-deliveries-rose-sharply-in-june/
