Home Best Cars News US car sales fall by around 20% in August

US car sales fall by around 20% in August

by Faysel
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Car sales in the United States of Toyota, Honda, Hyundai, Kia, Subaru and Mazda suffered sharp drops in August, around 20 percent, as the sector tries to recover from the effects of the Covid pandemic. 19.

The three main US manufacturers, General Motors (GM), Ford and Fiat Chrysler (FCA), along with other companies such as Nissan and Volkswagen, have stopped publishing monthly sales results and do so on a quarterly basis.

Forecasts from industry analysts indicate that new car sales will fall by around 20 percent in August due both to macroeconomic factors, such as high unemployment figures and the drop in consumer confidence, as well as others in the sector, such as the fall in incentives since the number of days of sale of the month were two less than those of August 2019.

Japan’s Toyota group, made up of the Toyota and Lexus brands, said its sales last month fell 22.7 percent to 191,841 vehicles. In the eight months of 2020, the group’s sales have fallen 22 percent with the delivery of 1,255,101 units.

By brand, Toyota lost 24.6 percent of its sales compared to August 2019, while Lexus, the group’s luxury brand, limited its decline to 9.5 percent.

For its part, the Honda group sold 135,925 units in August, 21.9 percent less than a year ago. The Honda brand lost 23 percent of its sales (122,278 vehicles) while that of the high-end Acura reduced its fall to 8.8 percent with 13,647 vehicles sold.

In the first eight months of 2020, the Honda group has delivered a total of 1,092,284 vehicles in the United States, 21.8 percent less than in the same period of 2019.

South Korea’s Hyundai limited its decline to 8.8 percent with the delivery of 59,721 vehicles while sister company Kia fell 6.1 percent with the sale of 57,015 vehicles.

In 2020, Hyundai has sold 467,755 vehicles in the United States, 14.7 percent less than in 2019, while Kia’s figure has been 418,979 units, an 11 percent reduction.

Despite the drop, Hyundai’s US Vice President of Sales said in a statement that “despite the market declining, our SUVs continue to drive sales and deliver results for our dealers.”

On the other hand, Mazda said that its sales in the North American country fell 5.1 percent to 26,089 units, while Subaru lost 17.4 percent with 57,585 sales. Subaru pointed out that inventory shortages due to production and distribution problems caused by Covid-19 in recent months is affecting its sales.

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