The U.S. light-vehicle market lost more momentum in May, with six of seven automakers that report monthly results racking up double-digit declines, casting more doubt about the strength of what many companies expect will be a second half recovery as tight parts supplies ease. The seasonally adjusted, annualized rate of […]
Kia
January 2022 U.S. auto sales: Market slides 9%; Ford flat; Hyundai sales rebound; Toyota, Kia slips again as chip shortage weighs on output
U.S. new-vehicle sales slid 9 percent to just over 1 million last month, LMC Automotive said as the microchip shortage and other supply-chain disruptions continue to upend industry stockpiles. It was the weakest January since 2014, LMC said, but the smallest percentage decline since the market turned negative in the […]