KIMTF - Toyota Honda Kia sales volumes decline double-digit in April due to ongoing chip shortage

U.S. automakers report about double-digit declines in monthly sales volumes as chip shortage and supply chain disruptions continue to undermine light-vehicle output and shipments. Toyota Motor (NYSE:TM +1.0%) said US sales volume dropped 22.7% Y/Y to 184960 in April, with deliveries down 23% at the Toyota division and 18% at Lexus. That includes Camry sales down 12%, Highlander -29%; RAV4 -18%; Corolla -22% and Tacoma -27%. Honda Motor (NYSE:HMC +1.3%) recorded 40.4% decline in April sales to 93,250 units. It outlines the automaker's ninth straight decline with deliveries down 41% at the Honda division and 33% at Acura. Accord -20%; Civic -51%; CR-V -56%; Pilot -43% and HR-V +6% Y/Y. Korean Hyundai Motor America (OTCPK:HYMTF -1.0%) said its retail volume declined 20% to 61,668 units while Kia Motors America's (OTCPK:KIMTF) April sales dropped 15.8% to 59,063. “We continue to have challenges with production and distribution of our vehicles,” said Eric Watson, head of U.S. sales for Kia.

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Toyota, Honda, Kia sales volumes decline double-digit in April due to ongoing chip shortage