The automaker mentioned it ended the primary quarter with 412,285 automobiles and lightweight vans in supplier stock or in transit, unchanged because the finish of the fourth quarter.
stronghold It rebounded from a decline within the fourth quarter of 2022 with gross sales growing 10 p.c in the latest three-month interval, with Ford divisions growing 11 p.c whereas Lincoln fell 1.1 p.c. First-quarter earnings have been pushed by a 20 p.c enhance in pickup gross sales and a slight enhance in SUV volumes. Ford mentioned it ended March with complete inventories of about 400,000 automobiles and lightweight vans.
Saddled with a number of the lowest inventories within the business, Toyota mentioned March gross sales fell 9.1 p.c, with the Toyota division down 12 p.c and Lexus advancing 12 p.c.
GM handily outsold Toyota by practically 130,000 items through the first three months.
Toyota mentioned it ended final March with 142,958 automobiles and lightweight vans in inventory, of which 116,108 items have been in port or in transit, equal to a 22-day provide. A spokesman mentioned the Toyota division had 112,420 automobiles in inventory and Lexus had 30,538 automobiles and pickup vans to begin in April.
The droop continued for Stellantis with first-quarter gross sales down 9 p.c, behind a 20 p.c decline in Jeep and a 7 p.c decline in Ram, with quantity will increase in two a lot smaller divisions, Dodge and Chrysler. The corporate, which has a number of the highest stock ranges within the business together with elevated incentives, has seen U.S. gross sales decline for seven straight quarters.
“As we proceed to discover the market situations that cross by means of the auto business, together with our supplier community, we’re making the mandatory changes to satisfy our prospects’ expectations,” mentioned Jeff Comor, Stellantis’ president of US gross sales.
Honda Motor Co.’s US gross sales additionally rebounded, and Hyundai and Kia posted extra features in March, setting data for the month.
Gross sales superior 8 p.c at American Honda final month, with deliveries up 8.8 p.c at Honda quotient and a pair of.6 p.c in Acura. It was the automaker’s second acquire this 12 months, after a 1.4 p.c drop in February and a 14 p.c enhance in January.
American Honda has been among the many automakers most affected by restricted chip provides, most of which come from inland China. The Honda model closed March with 38,000 automobiles and lightweight vans in inventory, whereas Acura had 22,000 items readily available, with each numbers up on the finish of February and up sharply from the earlier 12 months, a Honda spokesperson mentioned.
Nissan, behind robust gentle truck deliveries, posted six consecutive quarterly declines with a 17 p.c enhance within the first quarter, with the Nissan division advancing 16 p.c and Infiniti growing 40 p.c.
Turnover rose 27 p.c to 75,404 final month at Hyundai, with retail gross sales up 15 p.c to 68,312. Hyundai mentioned gross sales to quick Prospects account for 9.4 p.c of March’s quantity.
The corporate ended March with 53,119 automobiles and lightweight vans in US stock, down barely from 54,156 on the finish of February however up from 17,271 a 12 months earlier.
US gross sales superior 20 p.c to 71,294 in Come right herefor the fifth consecutive month with a acquire of 20 p.c or extra.
Kia mentioned 4 fashions – Carnival, Sportage, Telluride and Forte – It set data in March whereas gross sales of electrified fashions elevated 10 p.c, at the same time as shipments of the EV6 fell 69 p.c to 988 from 3,156 a 12 months earlier.
Kia has one of many lowest variety of automobile deliveries throughout the business, and mentioned manufacturing and availability of main and “on-demand” utility automobiles Electrified automobiles It would get higher “over the course of the 12 months”.
Subaru Gross sales jumped 23 p.c to 32,213 on robust deliveries of sunshine vans.
Hyundai, Kia, and Subaru now file high gross sales for eight straight months, the longest streaks amongst mass-market manufacturers within the U.S.
March quantity rose 5.3 p.c Mazda.
It was a robust quarter for different luxurious manufacturers as effectively, with BMW and Audi posting double-digit features. Genesis set a month-to-month US gross sales file with quantity 5,656, up 23 p.c, its fifth straight acquire, on high crossover deliveries.
Gross sales outcomes from Mercedes-Benz, Volvo and Jaguar Land Rover shall be revealed later within the month.