U.S. new-vehicle profits slid 9 percent to just in excess of 1 million last thirty day period, LMC Automotive mentioned as the microchip shortage and other offer-chain disruptions go on to upend sector stockpiles. It was the weakest January due to the fact 2014, LMC claimed, but the smallest percentage drop since the marketplace turned
Supply-chain disruptions, driven by the ongoing shortage of microchips that has dented new-vehicle stockpiles, undercut U.S. sales at Hyundai and Kia for the fourth straight month in November. Volume dropped 20 percent at Hyundai — its biggest decline of the current slump — and 5.4 percent at Kia last month, the companies said Wednesday. Hyundai
Ford Motor Co.’s U.S. product sales fell 4 per cent in Oct, marking the automaker’s fifth straight month-to-month decline, though deliveries at Toyota Motor Corp., Honda Motor Co., Hyundai and Kia fell for the 3rd consecutive month as tight chip materials and other bottlenecks continue to undermine light-weight-automobile output and supplier stockpiles. The seasonally altered,