Mixed US auto sales in Q2 amid high gas prices

IndustryGeopolitics
โดย Yahoo Finance·Read original
Summary · why it matters

Automakers reported mixed second-quarter US sales as high gasoline prices influenced consumer choices. General Motors delivered 714,896 vehicles, a 4.2 percent decline from a year ago, but exceeded some forecasts as gains in SUVs and trucks offset lower electric vehicle sales. Honda's sales rose 8.4 percent to 420,089, with hybrid models accounting for about 30 percent of its total, while Toyota's overall sales increased 1.1 percent to 673,971 vehicles, lifted by a 19.5 percent jump in electrified vehicles. Stellantis reported a 6 percent rise to 328,284 vehicles, and Hyundai brands grew 3.4 percent to 468,892. Industrywide sales were projected at 4.1 million for the quarter, down about 1 percent from the year-ago level, as analysts cited elevated gasoline prices and high interest rates as headwinds.

Impact on stocks 5

Electrification & Mobility± Mixed · 5 stocks
General Motors Company
GM
▼ NegativeDemandrelevance

GM's Q2 sales fell 4.2% as high gas prices shifted demand away from EVs, though SUV/truck gains partially offset.

Toyota Motor Corp.
7203
▲ PositiveDemandrelevance

Toyota's sales increased 1.1% with a 19.5% jump in electrified vehicles, aided by hybrid demand.

Honda Motor Co., Ltd.
7267
▲ PositiveDemandrelevance

Honda's sales rose 8.4% with hybrids accounting for 30% of total, benefiting from high gas prices.

Stellantis NV
STLA
▲ PositiveDemandrelevance

Stellantis reported a 6% sales rise in Q2, outperforming the industry decline.

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