Categories: Canada

Hyundai, Genesis see November sales gains, all other brands reporting saw decreases

Of the 9 auto manufacturers that had reported month-to-month gross sales figures by late Wednesday, Hyundai and its luxurious Genesis line have been the one two to publish good points in November.

Hyundai gross sales have been up two per cent to 9,840 items whereas Genesis surged 199 per cent to 427.

Hyundai Canada CEO Don Romano mentioned November’s gross sales improve can may be attributed to some elements.

“First, the Hyundai and Genesis lineups are excellent, as confirmed by the awards we’ve been honoured with for quite a few new fashions,” Romano mentioned in an announcement to Automotive Information Canada. “Second, our retail companions are dedicated to offering distinctive customer support, with each manufacturers being within the high 5 in line with JD Energy. 

“Third, our new enterprise mannequin of offering a hassle-free, digital buyer journey is proving to achieve success.”

Romano says the automaker “noticed these components come collectively in November.”

“Regardless of this difficult time for the business, at Hyundai we’re proud that we have been capable of come via for our prospects in November,” he mentioned. “Waiting for 2022, we’re anticipating continued sturdy outcomes as quite a few our amenities might be all-new, or renovated.”

Volvo has not but reported. 

All different manufacturers noticed their gross sales plummet — and all, however Honda, did so by double digits by proportion.

Honda gross sales have been off 8.4 per cent to 9,291. Its Acura luxurious line fell 12.3 per cent to 1,159.

Mazda took the most important hit, with its gross sales down 46.6 per cent to 2,975. And Kia, which had managed the semiconductor scarcity and stock crunch pretty nicely early in 2021, took the second-biggest hit with a 34-per-cent drop in gross sales to 4,095 items.

The slumping gross sales come simply days after AutoForecast Options mentioned automakers held again on additional manufacturing schedule cuts final week of their ongoing adjustment to international microchip shortages.

The agency mentioned that as of midweek final week, the U.S. Thanksgiving break left schedules unchanged from every week earlier.

Automakers and sellers have mentioned it takes weeks — if not months — for manufacturing cuts and elevated output to have an effect on stock on the bottom.

The report might be up to date.

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