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General Motors and Stellantis vehicle deliveries were down 33% and 19% in the third quarter from a year ago, largely due to the continued shortage of chips that forced automakers to dramatically cut production. .
GM had previously informed investors that it expected to lose about 200,000 production units in North America in the second half of the year, most of them in the third quarter, and repeated the forecast on Friday.
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Despite the drop, its overall deliveries in the first nine months of the year remain stable from 2020, while its average transaction price hit $ 47,467 thanks to the relative strength of its full-size truck sales.
Car dealer inventories are at their lowest. (Reuters)
“The semiconductor supply disruptions that affected our third quarter wholesale and customer shipments are improving,” GM North America president Steve Carlisle said in a earnings statement.
| Teleprinter | Security | Last | Switch | Switch % |
|---|---|---|---|---|
| DG | GENERAL MOTORS CO. | 53.13 | +0.42 | + 0.80% |
| STLA | STELLANTIS SA | 19.06 | -0.04 | -0.21% |
| MT | TOYOTA MOTOR CORP. | 177.62 | -0.13 | -0.07% |
| HYMTF | HYUNDAI MOTOR CO., LTD. | 40.85 | +0.23 | + 0.55% |
| KIMTF | KIA MOTORS CORP | 30.3 | +2.30 | + 8.21% |
“As we look into the fourth quarter, a steady stream of vehicles held in factories will continue to be distributed to dealerships, we are restarting production in major crossover and car factories, and we look forward to a more favorable environment. ‘more stable operation until the fall. “
Stellantis also remains positive for the year, up 3%, and said sales of the Jeep Grand Cherokee, one of its best models, rose 45% in the quarter following the release of the all new Grand Cherokee L three. row model.
Toyota and Honda also fell 22.4% and 24.7%, respectively, in the quarter, including their luxury brands Lexus and Acura, but remain up more than 20% for the year to date .
“As we continue to meet supply chain challenges, we thank our loyal Toyota and Lexus customers for their patience and confidence in our vehicles,” said Jack Hollis, senior vice president of automotive operations, Toyota Motor. North America.
Meanwhile, Hyundai and Kia saw third-quarter delivery increases of 4% and 9%, respectively, with Kia’s result setting a third-quarter record for the brand.
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Cox Automotive this week cut its 2021 U.S. sales forecast from 16.5 million to 15.5 million at most.
Ford is expected to release its sales report on Monday, October 4.
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