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IDRV - Semiconductor Shortage Slams Auto Sales In June
July, 04 2021 10:35 AM
iShares Self-Driving EV and Tech
June sales for the auto industry overall fell to 1.30 million vehicles, down 14.2% from June 2019, after a strong March, April, and May. The average transaction price and average per-unit gross profits have spiked to records in June. Ford’s total sales in June plunged 26.9% year-over-year to 115,789 vehicles, with retail sales down 32.5%. In June, Toyota’s total sales skyrocketed by 40%, blowing away GM and Ford and everyone. The semiconductor shortage and supply-chain fiasco were written all over auto sales in June. For further details see:
Semiconductor Shortage Slams Auto Sales In June
Stock Information
Company Name:
iShares Self-Driving EV and Tech
Stock Symbol:
IDRV
Market:
NYSE
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