July New Vehicle Sales Remain on Trend for 2022 – The Detroit Bureau

The chip shortage weighed on auto sales in July despite increased sales of battery-electric, hybrid and plug-in hybrid vehicles, automakers said in their monthly sales reports.

While sales were down for Toyota, the Tacoma was a bright spot enjoying its best July ever.

Toyota Motor North America, the largest automaker reporting total monthly sales, reported July 2022 U.S. sales of 177,341 vehicles, down 21.2% in volume. Toyota division sales for the month totaled 153,288 vehicles, down 20.9%, while Lexus division sales for the month totaled 24,053 vehicles, down 22.8%.

Electrified TMNA ​​sales in July 2022 fell 32.4%, totaling 38,395 vehicles. For the year so far, its total electrified vehicle sales in 2022 represent 24.9% of total TMNA ​​sales compared to 23.5% in the same period last year. Additionally, the mid-size Tacoma pickup was one of the company’s highlights, with sales totaling 23,917 for the month – its best of July.

Honda’s U.S. sales fell 40.4% in July. Honda brand sales fell 40.1% and Acura sales fell 42.9%.

Subaru of America Inc. reported 41,536 vehicle sales for July 2022, down 17.1% from July 2021. The automaker also reported year-to-date sales of 305,331, a down 17.8% from the same period in 2021. Subaru continues to face inventory challenges due to microchip and supply chain issues affecting automakers around the world, officials noted .

Green car sales are on the rise

Best 2022 Hyundai Tucson XRT Package
Hyundai continues to benefit from strong demand for the Tucson as well as for its electrified vehicles.

Hyundai Motor America recorded total sales of 60,631 units in July, down 11% from July 2021. SUVs made up 66% of the mix, including the Tucson SUV lineup, which grew 24%, led by Tucson and Tucson Hybrid compared with July 2021, Hyundai reported.

Green car sales were up 12% year over year. The Elantra Hybrid and Tucson PHEV set new sales records for the month. Hyundai had no fleet sales in July 2022.

“We are very pleased with the demand for our Tucson line and its line of powertrain variants,” said Bob Kim, vice president, national sales, Hyundai Motor America. “Our eco-friendly lineup continues to perform very well, led by the Elantra HEV and Tucson PHEV, which posted record months.”

Kia America also reported an 11% drop in sales. But the Sportage, available in gasoline, hybrid and plug-in hybrid powertrains, posted record sales of 11,985 units in July, beating the previous July mark set last year. Sales of the Sorento SUV, which is also available in gasoline, hybrid and plug-in hybrid configurations, were up 16% month-over-month. Overall, sales of Kia’s electric and hybrid models were up 86% year-on-year.

Sportage PHEV 2022
Like its sibling, Kia’s electrified vehicles and SUVs posted positive sales results in July.

“As Kia continues to outpace the industry, we are well on our way to establishing the brand as the sales leader with our popular Sorento and Sportage SUVs and our electrified models, including the EV6 and Niro models,” said Eric Watson, Vice President of Sales. operations, Kia America.

“With the introduction of the Sportage PHEV and the continued popularity of the all-electric Kia EV6, the brand’s push towards electrification continues and we expect to continue to gain share in this important category.”

Overall results

JD Power and LMC Automotive estimate that total new vehicle sales will decline 5.7% from July 2021, while the seasonally adjusted annual rate or SAAR for total new vehicle sales is expected to be 13.7 million units , down 0.9 million from a year ago.

“July is yet another month where supply constraints are keeping vehicle sales artificially low, but delivering record transaction prices and dealer profitability. July 2022 is on track to be the ninth consecutive month where retail inventories close below 900,000 units as expected improvements in vehicle production volumes fail to materialize,” said Thomas King, president of data and analytics division at JD Power. .

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