U.S. Auto Sales Plunge In Q1 For GM, Toyota, Honda; General Motors Sees Headwinds Easing Investor’s Business Daily

U.S. auto gross sales sank within the first quarter for General Motors (GM), Toyota Motor (TM) and Honda Motor (HMC), however all beat gross sales estimates. GM inventory fell Friday as provide and manufacturing disruptions, which might be proscribing automobile gross sales, persist for now.


Ford Motor (F) and Stellantis (STLA), previously Fiat Chrysler, also are on deck to document Q1 new automobile gross sales within the U.S. marketplace.

In the following couple of days, Tesla (TSLA) is predicted to document world Q1 deliveries.

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U.S. Auto Sales To Sharply Slow

Industry vast, the annualized tempo of latest auto gross sales in March will achieve 12.7 million cars , J.D. Power and LMC Automotive estimated. That can be down by way of greater than 1 million devices vs. February and down by way of greater than 5 million vs. March 2021.

Lower gross sales are basically because of tight provides from the pandemic-fueled chip and portions shortages. Demand stays powerful, analysts stated. Meanwhile, the Russia-Ukraine struggle is including to offer pressures.

Here is how automakers carried out in Q1 2022 vs. Cox Automotive expectancies. The effects display gross sales quantity, in addition to gross sales expansion or decline vs. a yr in the past.

Toyota Motor Auto Sales

Q1 2022 gross sales estimate: 510,348 cars, down 15% vs. Q1 2021.

Results: Toyota offered 514,592 cars, a 14.7% decline. Sales of electrical and hybrid cars fell 4% in Q1, Toyota stated. But they made up greater than 1 / 4 (26%) of general gross sales, amid hovering fuel costs.

Toyota Motor inventory edged up 0.1% at the inventory marketplace as of late.

General Motors

Q1 2022 gross sales estimate: 485,330, down 24% vs. Q1 2021.

Results: GM offered 512,486 cars, down 20%. The auto massive offered 99 Hummer EVs within the type’s first complete quarter of gross sales. Globally, automakers are making a large shift from fuel and diesel vehicles to electrical cars. Commercial gross sales in Q1 reached the absolute best stage in just about 3 years, GM stated.

During remaining quarter, making improvements to semiconductor provides gave a spice up to manufacturing and truck proportion, GM stated.

“Supply chain disruptions are not fully behind us, but we expect to continue outperforming 2021 production levels, especially in the second half of the year,” GM North America President Steve Carlisle stated in a observation Friday.

Next week, GM and Ford will halt manufacturing at some Michigan vegetation. This week, Stellantis halted manufacturing simply around the river at its Windsor meeting plant, in Ontario, Canada. Ford tied the manufacturing hit to the continuing chip scarcity, whilst GM and Stellantis didn’t specify what parts have been in brief provide.

GM inventory fell 1.8% Friday.

Ford Motor

Q1 2022 gross sales estimate: 431,123, down 17% vs. Q1 2021.

Results: Check again later.

Ford inventory misplaced 1.5%.


Q1 2022 gross sales estimate: 411,174, down 13% vs. Q1 2021.

Results: Check again Friday.

Stellantis inventory edged up 0.5%.

Honda Motor Auto Sales

Q1 2022 gross sales estimate: 252,205, down 27% vs. Q1 2021.

Results: Honda offered 266,418 cars, down 23%.

Honda inventory tilted 0.1% upper Friday.

Ford’s F-150 Lightning On Track

Despite the provision demanding situations hitting auto shares at huge, Ford’s F-150 Lightning stays on target. Deliveries are set to start out in spring, an organization spokesperson tweeted March 18.

The Lightning EV is arguably the largest automobile release of the yr. It’s the primary all-electric model of Ford’s — and America’s — top-selling automobile, the F-150 pickup truck.

In January, call for for the electrical pickup truck hoisted Ford inventory in brief to a marketplace cap above $100 billion.

Find Aparna Narayanan on Twitter at @IBD_Aparna.


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