By: Klon Perez Updated May 2022, 15: 25 pm EDT
In the month of April, the availability for sale was less than 900, cars and light trucks in the United States according to JD Power Associates, an American company consumer research, data and analytics company based in Troy, Michigan.
Brands Kia, Hyundai, Honda, Toyota, Land Rover, Lexus and Subaru currently have the lowest inventory, while Chrysler, Audi, Ram, Lincoln and Dodge have the highest, according to Cox Automotive, the business unit of Cox Enterprises dedicated to the consolidation of global automotive businesses.
In addition to the shortage of parts, which has already been a key factor in production of cars in the world, increasingly strict controls along the border between Texas and Mexico have caused delays in shipments. In addition to the blockades imposed in China again due to outbreaks of Covid-19 slow down the production of auto parts and vehicles exported to the US
Honda Motor Co., warned at the beginning of April that the supply of spare parts continues to be unstable, for which it was forced to reduce new car allocations for May and June at some US dealerships.
The persistent inventory crisis has led automakers and analysts to lower US auto sales forecasts. in 2022 to about from 15.3 million to 15. 5 million, a decrease of at least one million from what was initially proposed (14.5 million).
The situation on the ground has not changed significantly for months. Product availability remains limited and many customers can only order their vehicles for future delivery
Charlie Chesbrough, Senior Economist, Cox Automotive
Hyundai Motor sold a total of 308,788 vehicles, in April, in front of the 349,184 units from the same month a year earlier, the company said in a statement. A reduction of 11 %.
Kia managed to bring it to market in sales mode 184,538 cars in April, which represents a decrease with respect to the 253,287 units registered in the same period last year. This represents a drop of 5.8%.
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