While inventories were short in May, a number of car companies enjoyed a lot of success. This is significant because we always compare the current month to the same month a year earlier. May of 2020 found us in the midst of the Coronavirus, and many dealerships were closed or severely limited in what they could do, so the May 2021 numbers were bound to be better, but I didnít expect them to be this good given the newest automotive crisis: Microchip shortages.
Still, Toyota was up 47% from May 2020, and Lexus was up just shy of 50%. Honda was up 46% and Acura jumped 73% mainly on the strength of the new MDX, which we are reviewing this week. Hyundai was up 56% and Kia rose 75% from a year ago. Mazda also enjoyed tremendous success. Ford and Lincoln together were up 4%.
Here are your sales results for May 2021 based on sales from those automakers that report. After June, we will be able to look at every automaker and I can give you the mid-year report.
Again, numbers will look a little skewed versus Covid-ravaged May of 2020, but one other thing is clear, too: the microchip shortage has been rough on Toyota and Ford, which in some cases, sold more ... More ›
Americans are keeping their cars even longer due to the pandemic. New research from IHS Markit shows that the average age of light vehicles in operation (VIO) in the U.S. has risen to 12.1 years this ... More ›